Mon. Dec 5th, 2022

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

New Zealand

2 min read

New Zealand, referred to as Aotearoa, means “Land of the Long White Cloud” in Maori, one among the main languages within the country. New Zealand’s economy is relatively small. Its GDP, which is valued at 203 billion USD in 2018, ranks 51st among the planet economies.

Trade is a vital trait for economic activity. It is an export-driven economy, with its main exports like ores, metals, and wool comprising a 3rd of its GDP. It also exports much of its cattle and dairy products. Its primary industries are agriculture and tourism, and that they only have small manufacturing and technology sectors. Because of that, its imports from other countries comprise mostly of heavy machinery, equipment, vehicles, and electronic products.

Since the country has removed many barriers to foreign investment, the planet Bank has praised New Zealand for being one among the foremost business-friendly countries within the world.

The Federal Reserve Bank of New Zealand (RBNZ) is responsible of the monetary policy of the state. The RBNZ is tasked with maintaining price stability, setting interest rates, and monitoring output and exchange rates. The New Zealand dollar is nicknamed Kiwi.

Since New Zealand’s economy is usually hooked in to its exports of commodities and agricultural products, the general economic performance of the region is linked to commodity prices.

  • If commodity prices rise, then the quantity of cash purchased New Zealand’s exports also rises, which then makes a bigger contribution to the country’s GDP. Since a better GDP reflects a robust economic performance, it could lead on to an appreciation of the Kiwi.
  • Conversely, falling commodity prices result to lower price of exports, making a smaller contribution to GDP. A lower GDP could then cause the Kiwi to depreciate.

Leave a Reply

Forex trading and any instruments related to Foreign Exchange Market are Speculative and carry substantial risk of loss of either partial equity or the entire deposit amount. Leverage adds up to the risk, before considering to invest in this venture, you should first consider your financial position and may seek the help of an independent financial advisor. FXtriangle dis-recommends the usage of loan instruments to trade in this market as it can hamper financial position. Please do not invest the money that you cannot afford to lose. FXtriangle provides all its services throughout the Globe Excluding (Nigeria, British Virgin Island & the Islamic Republic of Iran) and also provides limited service in some jurisdictions where investment in Overseas markets / Fx Exchanges are prohibited by Law If you are not sure to contact us before using any of our services. FXtriangle acts as an Independent Corporate Financial Advisor and connects you to various overseas exchanges and cannot be held liable for any financial damage occurring through their side. All of our partnered institutions are regulated in various jurisdictions.FXtriangle conducts an independent background check before partnering with any institutions to fulfill your investment objectives smoothly. The usage of our Business name, Logo or any trademark in any financial forum, website, review website, complaint arena, Billboards without our written permission will attract lawsuits.