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NZDKRW

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1d
1w
1m

Analysis and statistics

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About

NZDKRW.FOREX likely refers to the New Zealand Dollar to South Korean Won currency pair within the foreign exchange (forex) market. It represents the exchange rate between these two currencies, indicating how many South Korean Won are needed to purchase one New Zealand Dollar. This is a common notation used by various financial platforms and data providers to denote specific currency pairs traded in the forex market.

Factors

Interest Rate Differentials: Differences in interest rates between New Zealand and South Korea affect capital flows and currency demand.

Global Risk Sentiment: Risk-on environments favor the NZD as it's a commodity currency, while risk-off shifts favor the KRW.

Commodity Prices: New Zealand's economy relies on commodity exports, so changes impact the NZD.

South Korean Economic Data: Strong South Korean economic data strengthens the KRW.

New Zealand Economic Data: Robust New Zealand economic performance boosts the NZD.

Geopolitical Risks: Uncertainties in the region or globally can impact both currencies.

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