New Zealand is the story of a developing country. For many years it had a special relationship with the UK, but this ended when the UK joined the common European market in 1973. Its economy is still primarily based on agricultural exports, including meat, wool and dairy products, and even sales of powdered milk to China, where consumers are concerned about the food safety of local brands.
It is difficult to estimate the size of New Zealand’s agriculture, especially since It is a relatively small country with several Islands. But, New Zealand now provides a third of all dairy exports in the world. Butter, cheese, and milk account for a quarter of all exports. Australia is a significant customer of New Zealand, and now, after years of deficits, New Zealand has a trade surplus.
Another advantage of New Zealand is that it has a natural environment that allows It to generate large amounts of hydroelectric power and significant reserves of natural gas. These factors reduce the dependence on imported oil.
Switzerland is well known for its stable economy, and although alternatives currently exist, 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 domestic inquisitors. The Central Bank well regulates the economy, and unemployment is surprisingly low. The Swiss use “guest workers” from other countries and permits may be withdrawn when it is necessary to increase the employment of indigenous people. Agriculture is only possible on about 10% 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 must be imported. Energy comes mainly from hydroelectric and nuclear power plants.
But above all Switzerland is known for the high quality of its products, which include watches and precision instruments, equipment and pharmaceuticals. 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.
Both New Zealand and Switzerland have a well-founded and healthy economy that allows them to make small adjustments to get the business going in the right direction. Factors such as the low unemployment rate in Switzerland are advantages. But for trade, it must be remembered that this indicator is already taken into account in exchange rates because changes in key indicators such as unemployment, gross domestic product, industrial production, and inflation rates change the relationship between these currencies.
The New Zealand dollar against the Swiss franc is not a particularly volatile pair, and it has been looking for many different levels in the past few years and thus represents an excellent opportunity to bet on the spread over an interim period of a few 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 bets.
If the New Zealand dollar strengthens against the Swiss franc, you can make a long bet on this pair of Forex. With a daily moving rate, the trader will be charged a small amount of interest each evening when the price is prolonged, but usually, it’s not that much if the rate closes within a few weeks.
|AUD/CAD||Course Australian Dollar to Canadian Dollar||3.8||0.9234|
|AUD/CHF||Course Australian Dollar to Swiss Franc||3.7||0.68988|
|AUD/JPY||Course Australian Dollar to Japanese Yen||29.8||85.609|
|AUD/NZD||Course Australian Dollar to New Zealand Dollar||3.2||1.04449|
|AUD/USD||Course Australian Dollar to US Dollar||2.7||0.74737|
|CAD/CHF||Course Canadian dollar to Swiss franc||3.9||0.74695|
|CAD/JPY||Course Canadian dollar to Japanese yen||3||92.69|
|CHF/JPY||Course Swiss Franc to Japanese Yen||4||124.068|
|EUR/AUD||Course Euro to Australian Dollar||3.3||1.5559|
|EUR/CAD||Course Euro to Canadian Dollar||3.4||1.43695|
|EUR/CHF||Course Euro to Swiss Franc||3||1.07356|
|EUR/DKK||Course Euro to Danish Krone||5.2||7.44015|
|EUR/GBP||Course Euro to British Pound||2.8||0.84322|
|EUR/JPY||Course Euro to Japanese Yen||3.4||133.219|
|EUR/MXN||Course Euro to Mexican Peso||37||23.532|
|EUR/NOK||Course Euro to Norwegian Krone||40||9.70973|
|EUR/NZD||Course Euro to New Zealand Dollar||7||1.62532|
|EUR/PLN||Course Euro to Polish Zloty||25||4.58485|
|EUR/RUB||Course Euro to Ruble||73.3||82.4767|
|EUR/SEK||Course Euro to Swedish Krona||37||10.0344|
|EUR/TRY||Course Euro to Turkish Lira||12.5||10.8156|
|EUR/USD||Course Euro to US Dollar||2.5||1.16303|
|EUR/ZAR||Course Euro to South African Rand||5.5||16.8814|
|GBP/AUD||Course British Pound to Australian Dollar||5.9||1.84491|
|GBP/CAD||Course British Pound to Canadian Dollar||6.8||1.70386|