Convert NZD to USD
As New Zealand and the US are in different time zones, there is a varied spread of volatility through the day. This pair can see high volatility between midnight and 0200 GMT, then between 0600 and 0800 GMT, and even between 1200 and 1700 GMT.
NZD/USD enjoys a close, positive correlation with AUD/USD since the New Zealand and Australian economies are interlinked with each other. This currency pair is also strongly correlated with EUR/USD.
The highest level NZD/USD touched so far this year was on 18 September 2020 when it rose to 0.6799. The currency pair turned bullish as the US dollar weakened when the Fed tweaked its strategy and signaled plans to remain dovish for a longer than expected period.