BTC/NZD

BTC/NZD

Why is the BTC to NZD pair important to traders?

BTC to NZD is a very popular crypto-to-fiat pair. Since its inception in 2009, Bitcoin – the base currency of this pair – has proved to be the world’s top cryptocurrency in terms of market capitalisation and value. The pair’s counter currency – NZD – is the official national currency of New Zealand. The NZD is also unofficially used in Fiji, New Caledonia, Samoa, Tonga and Zimbabwe.

The crypto market, including Bitcoin, is extremely volatile, which provides huge potential for speculation. Observing the popularity of BTC to NZD exchange transactions, there are immense opportunities for traders to profit from the pair’s trade.

 

BTC to NZD trading: the ultimate way to invest in Bitcoin

Although the volume of the BTC to NZD crypto-to-fiat pair is much lower than BTC to USD, Bitcoin to NZD trading is steadily growing. The ultra-volatile nature of BTC/NZD makes it a strong alternative to traditional Forex markets.

Bitcoin traders can always profit from BTC price swings. You can either go long or short, depending on Bitcoin to NZD price movement, and benefit from the price difference.

Proven to be a lucrative investment, Bitcoin consolidates its position as the world's top cryptocurrency. With a remarkably strong start of 2020, investors share a bullish view on Bitcoin price future. Convert BTC to NZD at Currency.com and trade it with 100x leverage and tight spread.

Why trade BTC to NZD with Currency.com

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Bitcoin overview

Developed in 2009, Bitcoin introduced a new type of digital currency to the world gradually gaining worldwide popularity. Today, it is the most popular and valuable cryptocurrency on earth, serving as the gold standard for emerging cryptos.

Due to its decentralised nature, BTC transactions do not require a middleman, meaning no banks or other authorities are involved. In addition to being an alternative payment network and a store of value, Bitcoin offers great opportunities to traders.

 

Key facts about BTC

The first decentralised cryptocurrency

Launched in 2009

The brainchild of a person or group known as Satoshi Nakamoto

The maximum number of Bitcoins is 21 million

80% of all Bitcoins have already been mined

Bitcoin is considered both a commodity and a currency

The first BTC transaction was to buy 2 pizzas

 

In April 2010, when Bitcoin was launched at the first cryptocurrency exchange BitcoinMarket.com, its price was $0.0025 (NZ$0.0039). Shortly after, the BTC price rate started to surge dramatically, generating more than a thousand per cent earnings to its initial owners.

As the cryptocurrency is not tied to any particular country or region, domestic and geopolitical factors can have less of an impact on the value of Bitcoin. Instead, you should keep an eye on its demand, adoption rates, regulations and market sentiment.

Bitcoin price chart shows BTC/NZD price rate in real-time. Analysts expect 2020 to be an important year for Bitcoin, making positive forecasts regarding the Bitcoin to NZD price.

 

NZD overview

In the Bitcoin to New Zealand dollar pair, BTC is the base currency and the NZD is the counter currency, which means the BTC/NZD chart shows how much one Bitcoin is worth as measured against the New Zealand dollar.

New Zealand boasts of an industrialised free-market economy powered by a highly friendly regulatory environment. The industrialisation has enabled the country to increase production and expand its exports to new markets in South East Asia. Likewise, the favourable business environment continues to attract foreign direct investments mostly from the US, Europe, and Asia.

The positive investor sentiment is reflected in its steadily growing capital markets. Trading Economics further reports that foreign direct investments in the New Zealand stock market reached an all-time high in the second quarter of 2019.

Considered a risk-correlated currency, the New Zealand dollar is exposed to the world’s economic performance and has relatively high interest rates. According to analysts at TD Securities, the NZD is the most undervalued in G10 currencies. Consequently, it is bound to make exports more profitable hence attracting more foreign direct investments.
Those interested in the BTC/NZD pair trading should keep a close watch of crypto market news and the Reserve Bank of New Zealand releases regarding interest rates and monetary policy changes.

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BTC/NZD price history

Date Close Change Change(%) Open High Low
Mar 10, 2020 12497.44 -15.45 -0.12% 12512.89 12630.50 12431.42
Mar 9, 2020 12512.90 -183.72 -1.45% 12696.62 13518.58 11874.16
Mar 8, 2020 12698.52 -331.15 -2.54% 13029.67 13118.22 12639.53
Mar 6, 2020 14364.08 3.42 0.02% 14360.66 14453.65 14205.06
Mar 5, 2020 14360.66 458.38 3.30% 13902.28 14563.70 13902.28
Mar 4, 2020 13902.06 -58.38 -0.42% 13960.44 14087.84 13800.03
Mar 3, 2020 13960.39 -263.13 -1.85% 14223.52 14242.15 13746.86
Mar 2, 2020 14226.13 538.70 3.94% 13687.43 14330.63 13627.69
Mar 1, 2020 13689.63 -31.85 -0.23% 13721.48 13788.35 13674.84
Feb 28, 2020 13906.69 -51.60 -0.37% 13958.29 14206.42 13522.29
Feb 27, 2020 13957.74 -11.18 -0.08% 13968.92 14187.33 13549.75
Feb 26, 2020 13966.64 -754.60 -5.13% 14721.24 14819.53 13666.56
Feb 25, 2020 14721.01 -506.16 -3.32% 15227.17 15303.91 14640.69
Feb 24, 2020 15227.49 -543.32 -3.45% 15770.81 15834.64 14931.80
Feb 23, 2020 15771.18 194.24 1.25% 15576.94 15810.21 15559.16
Feb 21, 2020 15203.99 35.36 0.23% 15168.63 15461.47 15058.51
Feb 20, 2020 15168.63 140.90 0.94% 15027.73 15282.93 14828.89
Feb 19, 2020 15027.73 -899.27 -5.65% 15927.00 16148.58 14607.19
Feb 18, 2020 15926.87 859.83 5.71% 15067.04 16084.27 14975.31
Feb 17, 2020 15067.16 -326.02 -2.12% 15393.18 15465.05 14734.52