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What Does NZD/USD (New Zealand Dollar/U.S. Dollar) Mean?

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What Does NZD/USD (New Zealand Dollar/U.S. Dollar) Mean?

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The abbreviation for the New Zealand dollar and U.S. dollar (NZD/USD) currency pair or cross. The currency pair tells the reader how many U.S. dollars (the quote currency) are needed to purchase one New Zealand dollar (the base currency). Trading the NZD/USD currency pair is also known as trading the “Kiwi”.

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