NZD/CAD: live price, payout and trading hours

NZD/CAD is listed on Sky Trade only in its OTC form. The price you see is generated by Sky Trade's server 24/7 and is not taken from the interbank market, so it does not track the real New Zealand dollar–Canadian dollar rate. What follows describes the real-world pair as background.

In the real market the pair shows how many Canadian dollars one New Zealand dollar buys — 0.83 would mean 1 NZD = 0.83 CAD — and a pip is 0.0001. It is an unusual cross between two commodity exporters that sell very different things. New Zealand's income leans on dairy, meat and other agricultural products, with China and Australia among its key buyers; the Reserve Bank of New Zealand sets its rates. Canada's leans on crude oil, sold mostly to the United States; the Bank of Canada sets its rates. So the real pair tends to reflect farm prices against energy prices, plus the gap between the two central banks. Liquidity is thin, because relatively few participants need to exchange these two currencies directly.

None of that touches NZD/CAD OTC. Its ticks come from a mathematical model in which up and down are equally likely at each step and volatility shifts slowly over time. Oil inventories, dairy auctions and central-bank meetings are irrelevant to it, and reading the news will not tell you where it goes next.