New Zealand Dollar vs Japanese Yen
NZDJPY
Pricing is indicative. Past performance is not a reliable indicator of future results. Client sentiment is provided for general information only, is historical in nature and is not intended to provide any form of trading or investment advice - it must not form the basis of your trading or investment decisions.
Trading Conditions
ATP Margin
0.002
Contract Size Currency per 1 Lot Symbol
NZD 100,000
Min/Max Trade Size (lots)
0.01 / 50
Schedule and Fees
Market Open
Monday 00:01 MT Server
Market Closed
Friday 23:58 MT Server
Trading Break
23:59 - 00:01 MT Server
3 Day Financing
Wednesday
Long & Short Position Overnight Fee
displayed on the trading platform
Upcoming Calendar Events
| September 19 | Saturday | Volatility | Actual | Previous | Consensus | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
No scheduled events for today | |||||||||||||||
FAQ
The NZD/JPY currency pair represents the exchange rate between the New Zealand dollar and the Japanese yen, or the number of Japanese yen needed to purchase one New Zealand dollar (the base currency). The pair is considered a minor or ‘cross’ currency pair as it includes one major currency (the yen) and not the US dollar.
The New Zealand dollar is legal tender in New Zealand and several of its territories and associated states in the Pacific region, including the Cook Islands, Niue, Tokelau, and Pitcairn Islands. It is one of the most widely traded currencies on the international foreign exchange market. Due to New Zealand's stable economy and relatively high-interest rates compared to other major currencies, it is a favourite among currency traders.
The Japanese Yen is the third most traded currency in the world and is commonly viewed as a safe-haven asset, making it an attractive way to de-risk portfolios during periods of financial or economic instability. The yen has a 150-year history and is notable for its exceptionally low-interest rates, which encourage economic growth.
The JPY has become the world's financing currency because it is possible to borrow yen at low-interest rates to finance higher-yielding projects. Due to Japan's current account surplus and reputation for economic stability, the yen is a desirable currency for international investors.
