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New Zealand is a developing country. For many years she had a special relationship with Britain, but they ended when Britain joined the common European market in 1973. Its economy is still primarily based on agricultural exports, including meat, wool, and dairy products. New Zealand even sells milk powder to China, where consumers are concerned about the food safety of local brands.
Another advantage for New Zealand is that it has natural conditions that allow it to generate large amounts of hydropower and significant natural gas reserves. These factors reduce the dependence on imported oil.
New Zealand is a relatively small country with several islands, so it is difficult to estimate the size of agriculture. But it now provides a third of all dairy exports in the world. Butter, cheese, and milk make up a quarter of all exported goods. Australia is a significant customer in New Zealand, and now, after many years of shortages, New Zealand has a trade surplus.
Switzerland is well known for its stable economy. There are currently alternatives, but it has long been considered the banking country of the world, and the “Swiss bank account” symbolizes the idea of transferring money abroad to avoid internal auditors. The central bank well regulates the economy, and unemployment is low. The Swiss use hired employees from other countries, and it is possible that permits can be revoked when it is necessary to increase the employment of the indigenous population.
But above all, Switzerland is known for the high quality of its products, which includes watches and precision instruments, equipment, and pharmaceutical products. More than 50% of the population is employed in other areas, such as banking and finance, as well as tourism, which is a significant industry in the country.
Agriculture is only possible on about ten percent of the land, so Switzerland cannot provide itself with food. Natural resources, such as minerals, are also scarce, so most of the raw materials for production are imported. Energy comes mainly from hydroelectric and nuclear power plants.
Both New Zealand and Switzerland have a well-grounded and healthy economy that allows them to make small adjustments so that the business goes in the right direction. Factors such as low unemployment, gross domestic product, industrial production and inflation in New Zealand and Switzerland are an advantage, but when trading the currencies of these countries, you need to remember that this indicator is already taken into account in exchange rates.
The New Zealand dollar versus the Swiss franc is not a particularly volatile pair, in the last few years, it has shown many different levels of changes and, thus, represents an excellent opportunity for spread betting over an interim period of several weeks. At the current spot price and with a typical daily range, you can see how the spread makes this currency pair less desirable for short-term rates.
If the New Zealand dollar strengthens against the Swiss franc, you can make a long bet on this Forex pair. With a daily moving rate, a trader will accrue a small amount of interest every evening when the price is prolonged, but usually, it is not so much if the price closes within a few weeks.
|AUD/CAD||Course Australian Dollar to Canadian Dollar||3.8||0.93986|
|AUD/CHF||Course Australian Dollar to Swiss Franc||3.7||0.69962|
|AUD/JPY||Course Australian Dollar to Japanese Yen||29.8||84.575|
|AUD/NZD||Course Australian Dollar to New Zealand Dollar||3.2||1.07538|
|AUD/USD||Course Australian Dollar to US Dollar||2.7||0.77228|
|CAD/CHF||Course Canadian dollar to Swiss franc||3.9||0.74426|
|CAD/JPY||Course Canadian dollar to Japanese yen||3||89.966|
|CHF/JPY||Course Swiss Franc to Japanese Yen||4||120.858|
|EUR/AUD||Course Euro to Australian Dollar||3.3||1.56339|
|EUR/CAD||Course Euro to Canadian Dollar||3.4||1.46963|
|EUR/CHF||Course Euro to Swiss Franc||3||1.09401|
|EUR/DKK||Course Euro to Danish Krone||5.2||7.43614|
|EUR/GBP||Course Euro to British Pound||2.8||0.85967|
|EUR/JPY||Course Euro to Japanese Yen||3.4||132.247|
|EUR/MXN||Course Euro to Mexican Peso||37||24.0906|
|EUR/NOK||Course Euro to Norwegian Krone||40||10.0886|
|EUR/NZD||Course Euro to New Zealand Dollar||7||1.68142|
|EUR/PLN||Course Euro to Polish Zloty||25||4.52499|
|EUR/RUB||Course Euro to Ruble||73.3||89.4859|
|EUR/SEK||Course Euro to Swedish Krona||37||10.1499|
|EUR/TRY||Course Euro to Turkish Lira||12.5||10.2594|
|EUR/USD||Course Euro to US Dollar||2.5||1.20758|
|EUR/ZAR||Course Euro to South African Rand||5.5||17.076|
|GBP/AUD||Course British Pound to Australian Dollar||5.9||1.81831|
|GBP/CAD||Course British Pound to Canadian Dollar||6.8||1.70923|