expand/collapse risk warning

Trading financial products on margin carries a high risk and is not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.

Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

Your capital is at risk.


EURNZD: Live Price Chart

[[ data.name ]]

[[ data.ticker ]]

[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)

Low: [[ data.low ]]

High: [[ data.high ]]



Why trade?



Why trade?

The EURNZD forex pair showcases the value of the euro against the New Zealand dollar. Colloquially known as the ‘Euro Kiwi’, it’s one of the most liquid forex currency pairs involving the New Zealand dollar. That’s because the European Union (EU) is one of New Zealand’s most influential trading partners, aside from its nearest neighbour Australia.

The history of EURNZD dates back to January 1, 1999, when the euro was formally launched as a fiat currency for EU members. The Euro Kiwi is in the category of ‘minor’ forex pairs, simply because it does not include the US dollar.

One of the most influential factors in the movement of EURNZD is the New Zealand economy. As an island nation, it’s no surprise that this country is a net food exporter and is therefore heavily reliant on the output of its agriculture industry, as well as its tourism sector.

In terms of EURNZD history, the long-term trend is that the New Zealand dollar has strengthened against the euro in the last two decades. In December 2008, before the fallout of the global financial crash, one euro was worth $2.48 NZD. Following the global recession, it was worth NZD 1.78 in July 2010.

It reached an all-time low of NZD 1.43 to the euro in March 2015, but the euro appears to have stabilised in recent years. The Covid-19 pandemic resulted in a weakening of the euro against NZD ($1.66 in March 2021), but the potential of a recession in western Europe and rising inflation has caused increased volatility in the EURNZD market. Throughout 2022, the price of EURNZD peaked at as high as NZD 1.77 and as low as NZD 1.57.

When it comes to the forex markets, more people typically trade forex pairs than buy and exchange physical fiat currencies like the euro and New Zealand dollar. The commission costs involved with exchanging fiat currency often make this prohibitive. Let’s say that the NZD has strengthened against the dollar from $1.70 to $1.65.

This means you’ve got a $0.05 profit for every euro you own. However, it's hard to find currency exchange operators that take the pure market value. They will often add their own profit margin on top for operating their service, eroding into your overall profit.

By trading the price of a forex pair like the EURNZD, you can simply speculate on the rise and fall of the NZD against the euro. Using a contract for difference (CFD) broker, it’s possible to take long (buy) and short (sell) positions on the Euro Kiwi and turn a profit if the price moves above the entry of your long position or below the entry of your short position.

Swap long [[ data.swapLong ]] points
Swap short [[ data.swapShort ]] points
Spread min [[ data.stats.minSpread ]]
Spread avg [[ data.stats.avgSpread ]]
Min contract size [[ data.minVolume ]]
Min step size [[ data.stepVolume ]]
Commission and Swap Commission and Swap
Leverage Leverage
Trading Hours Trading Hours

* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

Trade [[data.name]] with Skilling

Hassle-free, with flexible trade sizes, and super low spreads!

  • Spreads starting at 0.2!
  • Average Execution at 5ms
  • Easy to use platform

*Other fees may apply.

Sign up

Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and with low capital investment.


Capitalise on rising prices (go long)


Capitalise on falling prices (go short)


Trade with leverage


Trade on volatility


Enjoy huge liquidity


Manage risk with in-platform tools
Ability to set take profit and stop loss levels