Australian Dollar vs. New Zealand Dollar
The Australian Dollar/New Zealand Dollar cross represents the dual Australasian currencies, which frequently trade identically against other currencies. This is because of the proximity of the geographical locations, as well as the high rollover rates. As a result, the cross moves on the actual changes in the local economies and is hardly influenced by global factors or risk-trends. Commodity exports represent a substantial division of each economy. New Zealand is well known for shipping of meat, wool, and milk; while Australia exports ferrous metals and energy products.