Trade AUD/NZD, the Aussie–Kiwi cross
AUD/NZD prices how many New Zealand dollars one Australian dollar buys. The two economies are neighbours, trade heavily with each other and both depend on China, so the pair often moves within ranges and responds mainly to differences between their two central banks.
- 24/5 trading
- Buy or sell
- Regulated by FSC Mauritius
AUD/NZD
Spreads from, pips · Premium
1.0
About AUD/NZD
Australian dollar vs New Zealand dollar
Because global risk mood tends to move the Aussie and the Kiwi together, AUD/NZD filters much of that noise out. What remains is the gap between RBA and RBNZ policy, and the difference between Australia's metals-heavy exports and New Zealand's dairy-heavy exports.
Both countries release their key data during Asian hours, so the pair is most active from the Wellington open through the Tokyo session. Liquidity is thinner outside those hours, and spreads can widen.
- MT5 symbol
- AUDNZD
- Known as
- Aussie–Kiwi
- Pip size
- 0.0001
- Trading hours
- 24/5
- Central banks
- Reserve Bank of Australia and Reserve Bank of New Zealand
- Pip value (1 lot)
- NZ$10 per standard lot (about $5.90 at NZD/USD 0.5900)
- Character
- Two neighbours, often range-bound
What moves it
4 forces that drive AUD/NZD
RBA vs RBNZ
Differences in the two central banks' rate paths are the main driver of the pair.
Metals vs dairy
Iron ore supports the Aussie; Global Dairy Trade prices support the Kiwi.
Relative data surprises
Jobs and inflation surprises in one country versus the other move the cross.
China
Both sell heavily to China, but the mix of what they sell differs.
When to trade
Best hours and key releases for AUD/NZD
Most active: The Wellington–Sydney and Tokyo sessions, roughly 21:00–09:00 GMT (01:00–13:00 UAE time).
| Session | GMT | UAE time |
|---|---|---|
| SydneyActive | 21:00–06:00 | 01:00–10:00 |
| TokyoActive | 00:00–09:00 | 04:00–13:00 |
| London | 07:00–16:00 | 11:00–20:00 |
| New York | 12:00–21:00 | 16:00–01:00 |
Releases that move AUD/NZD
- RBA rate decisionEight times a year.
- RBNZ rate decisionSeven times a year.
- Australian CPI and jobsMonthly.
- New Zealand CPI and jobsQuarterly.
- Global Dairy Trade auctionTwice a month.
Spreads can widen and prices can gap around these releases. Check an economic calendar for exact dates and times.
Pricing
AUD/NZD spreads by account
Choose the account that fits your trading. The live AUD/NZD spread is always shown in MT5 before you place an order.
Classic
Spread-only, no commission
Spreads from
1.6 pips
- Commission
- None
- Min. deposit
- $100
Premium
Lower spreads, no commission
Spreads from
1.0 pips
- Commission
- None
- Min. deposit
- $3,000
VIP
Raw spreads plus commission
Spreads from
0.0 pips
- Commission
- $6 per 1.00 lot round turn, proportional to lot size
- Min. deposit
- $25,000
* Indicative typical spreads, may vary; last updated 28 September 2026. Spreads are variable and may widen during news releases and low-liquidity sessions. Commissions may apply depending on account type.
Leverage magnifies both gains and losses. Maximum leverage depends on the instrument, account type and your jurisdiction.
Get started
How to trade AUD/NZD on MT5
- 1
Open an account
Register online, verify your identity and choose Classic, Premium or VIP. - 2
Fund your account
Deposit with one of the available methods in the client portal. - 3
Find AUDNZD in MT5
Log in to MetaTrader 5, open Market Watch and add AUDNZD to see the live price and spread. - 4
Plan and place the trade
Set your position size and stop-loss, then choose Buy if you expect the pair to rise or Sell if you expect it to fall.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Forex prices, including AUD/NZD, can move quickly against you, especially around news releases.
FAQ
Frequently asked questions
What is the spread on AUD/NZD at IST Markets?
Spreads on IST Markets accounts start from 1.6 pips on Classic, 1.0 pips on Premium and 0.0 pips plus commission on VIP. The spread on AUD/NZD is variable and depends on market conditions; the live spread is always shown in MT5 before you trade. Cross pairs usually have wider spreads than the majors.
What is the pip value of AUD/NZD?
One pip on AUD/NZD is a price move of 0.0001. On one standard lot it is worth NZ$10 per standard lot (about $5.90 at NZD/USD 0.5900); a mini lot (0.10) is worth a tenth of that and a micro lot (0.01) a hundredth. Use the free pip calculator to work it out for your trade size.
What is the best time to trade AUD/NZD?
The pair trades 24 hours a day, Monday to Friday. It is usually most active during The Wellington–Sydney and Tokyo sessions, roughly 21:00–09:00 GMT (01:00–13:00 UAE time). Liquidity tends to be thinnest around the daily rollover and late on Fridays, when spreads can widen.
Why is AUD/NZD often range-bound?
Australia and New Zealand have closely linked economies and both currencies react similarly to global risk mood, so many moves cancel out. The pair trends mainly when the two central banks' policies diverge.
When should I trade AUD/NZD?
During Asian hours, from the Wellington open through the Tokyo session, when Australian and New Zealand data are released and liquidity is best.
Ready to trade AUD/NZD on MT5?
Register in about 5 minutes; account verification may take longer.