EUR/NZD Exchange Rate Today — Live Chart and Analysis

EUR/NZD is an exchange rate that specifies how many NZD (New Zealand Dollar) can be converted into one EUR (Euro), therefore the base currency is EUR and the price currency is NZD. If this rate declines, it means that NZD appreciates relative to EUR and if this rate increases it means that the NZD depreciates against the EUR. There are many macroeconomic factors/events (fundamentals) that affect EUR/NZD exchange rate, which are usually common in both countries. Some of the most notable factors/events are GDP, Inflation or Consumer Price Index (CPI), Interest Rates and other monetary policies applied by central banks. Regarding the trade relationship between Eurozone and New Zealand, the latter imports 0.98% of Eurozone's total exports, whereas Eurozone imports 11% of New Zealand's total exports. The largest component of Eurozone's exports are machinery, nuclear reactor, boiler products and vehicles whereas New Zealand's largest export components are dairy and meat products. Any significant shifts in the trade relationship between the two regions and changes in the values of the aforementioned components are some of the factors that could have a material impact on the pair.