Frequently Asked Questions
What is the pip value for AUD/NZD?
One standard lot (100,000 units) on AUD/NZD has a pip value of approximately $10.00. The minimum price increment (tick) is 0.00001. A pip is typically the fourth decimal place for this pair, meaning 1 pip = 0.0001 for most pairs.
What time is AUD/NZD most active?
AUD/NZD sees its highest trading volume during the Sydney session. Cross pairs like this one see their best liquidity during the overlap of their two currency sessions. Outside of those windows, spreads may widen and order book depth can decrease.
What economic events affect AUD/NZD most?
The most impactful events for AUD/NZD come from the AUD and NZD economies. RBA cash rate decisions and the accompanying statement drive AUD pairs. Chinese economic data — PMIs and industrial production — often have an outsized effect since China is Australia's largest trading partner. RBNZ Official Cash Rate announcements and the Monetary Policy Statement are closely watched. Global dairy auction results (GDT Price Index) can also move the Kiwi meaningfully. The upcoming events section above lists the specific releases scheduled in the next two weeks.