Exchange Rates

New Zealand Forex brokers Forex Regulation in New Zealand In New Zealand, there are 3 well known institutions: FSPR, FSCL and FMA, but neither of them acts as a regulatory body for New Zealand Forex brokers.

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Let us know which currency you would like to make a transfer with and we'll let you know when it becomes available. OFX uses cookies to create the most secure and effective website possible for our customers. Read our Privacy Policy. Sorry, something is not right at the moment. Please refresh the page or try again later. Whether you want to transfer euros to dollars or loonies to rupees, this is the place to check live and historical currency exchange rates.

With these tools, you can time your transfer, so your international payments go further. Interbank rates, also commonly referred to as market rates, are the official live conversion rates for a given currency pair. The interbank rate is the constantly fluctuating price at which banks trade currencies with each other. At OFX, our margins are substantially less, so the more you use our service the more you save.

Types of Exchange Rates There are 3 major types of exchange rates systems which governments employ to determine the market value of their currencies. Most major and relatively stable currencies employ a floating exchange rate or fluctuating exchange rate , which are determined by the forces of supply and demand. The value of the currency is determined by market factors including interest rates, consumer and inflation data, political climate and fluctuations in the value of critical exports.

Managed float exchange rates. Please refer to the product overview area of our trading platform for real-time information on the spreads, margin rates, commission as applicable and trading hours of a particular product. At the end of each trading day 5pm New York time , positions held in your account may be subject to a holding cost.

The holding cost can be positive or negative depending on the direction of your position and the applicable holding rate. Historical holding rates, expressed as an annual percentage rate, are visible on our platform within the overview section of each product. Proud sponsors of the Gold Heart Scholarship programme, helping kiwi kids to reach their full potential. Benefits of forex trading Forex leverage Forex trading examples Forex technical indicators Learn cryptocurrency trading What is bitcoin What is ethereum What are blockchain forks What are the risks?

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