AUD/NZD: live price, payout and trading hours

On Sky Trade, AUD/NZD is available only as an OTC instrument. The price is generated by Sky Trade's server 24/7 and does not track the real Australian dollar–New Zealand dollar rate; the background below describes the real pair for context.

In the real market AUD/NZD shows how many New Zealand dollars one Australian dollar buys — 1.09 would mean 1 AUD = 1.09 NZD — and a pip is 0.0001. The two economies across the Tasman Sea are closely linked by trade, migration and banking, and both depend on exports to Asia, especially China. Much global news therefore affects them similarly and cancels out in this cross. What is left are the differences: Australia's metals, coal and gas against New Zealand's dairy and farm products, and the policy gap between the Reserve Bank of Australia and the Reserve Bank of New Zealand. Both countries publish their data in the Asia-Pacific morning, so the Asian session is the key window for the real pair.

AUD/NZD OTC follows none of that logic. Its price is a random-walk series created by Sky Trade's model, with each tick equally likely to be up or down. A surprising RBA statement or a dairy auction result will not show up on that chart.