NZD/USD FX rate, up until May 9, 2024
one of the most traded currency pairs in the world, the NZD/USD is closely connected to monetary policy from the Federal Reserve and the Reserve Bank of New Zealand. In early 2021, the yield on 10-year government bonds in the United States declined, which led to a weaker U.S. dollar against the New Zealand dollar.
The exchange rate of the NZD/USD currency pair continued to decline over the course of 2022. As of May 9, 2024, the exchange rate reached approximately 0.60 U.S. dollars per New Zealand dollar. Being