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The NZDUSD is the “New Zealand dollar against US dollar” currency pair and is often referred to as “The Kiwi”, as the $1 coin of the currency depicts a kiwi bird.

It is one of the 10 most-traded currencies in the world, and became considerably attractive during the multi-decade commodity boom that took place around the world.

Kiwi appreciation had got so high that the Reserve Bank of New Zealand began intervention efforts in 2012, seeking to devalue New Zealand dollar.