NZDHKD อัตราแลกเปลี่ยนออนไลน์

«New Zealand Dollar vs Hong Kong Dollar» or «NZDHKD»

NZD/HKD is a currency pair traded on Forex. NZD/HKD is the cross rate against the US dollar. Although the US dollar is not in this currency pair, it still has a considerable impact the NZD/HKD pair. Combining two charts of NZD/USD and USD/HKD, you can get an approximate NZD/HKD chart.

The US dollar has a significant influence on both currencies. For this reason it is necessary to take into account the major US economic indicators to predict correctly future dynamics of this financial instrument. These indicators are as follows: the discount rate, GDP, unemployment rate, Non-Farm Payrolls, etc. It is necessary to note that discussed currencies could respond with different speed to changes in the US economy. Therefore, the NZD/HKD currency pair may be a specific indicator of the fluctuations of these currencies.

Working with the NZD/HKD pair, it is necessary to take into account many features of the New Zealand economy, such as GDP, the discount rate, economic activity, trade with other countries, etc. New Zealand is one of the world's largest producer of wool and wool products. It should be noted that the New Zealand's economy is highly dependent on its main partners - the US, as well as Asian and Oceania countries. For this reason, you should also take into account a variety of economic indicators of main trading partners of New Zealand.

At the moment the rate of the Hong Kong dollar is pegged to the US dollar. This financial instrument trading is carried in the range 7.75-7.85 HKD per USD. Hong Kong has one of the largest stock exchanges. On many indicators Hong Kong Stock Exchange (SEHK) leaves behind a number of major European and American stock exchanges. Nowadays, Hong Kong occupies the leading position among the top financial centers in Asia and it is one of the world's leading financial centers.

Hong Kong's economy is based on the principle of free market, low taxation, and the policy of neutrality, as the government does not interfere in the region's economy. There are insufficient mineral and food resources in the region, for this reason its economy is heavily dependent on these factors. The majority of Hong Kong's income is received from service industries, as well as re-exports from China. In addition, the tourism sector is well developed.

This trading instrument is relatively illiquid if we compare it with major currency pairs, such as: EUR/USD, USD/CHF, GBP/USD, and USD/JPY. Therefore, when you prepare a forecast for the financial instrument, you should primarily focus on those currency pairs that include the US dollar along with each of the considered currencies.

If you trade cross rates, it is necessary to remember that brokers usually set a higher spread than on more popular currency pairs, so before you start working with the cross rates, one should carefully read and understand terms and conditions offered by the broker to trade with a specified trading instrument.