NZD/USD (Kiwi)

NZD/USD (the "Kiwi") is the exchange rate of the New Zealand dollar against the US dollar — how many USD one NZD buys. It is sensitive to commodity prices (especially dairy, New Zealand's key export), RBNZ rate decisions and global risk appetite, which makes it a classic risk-on currency. The nickname comes from the kiwi bird on the New Zealand dollar.