Question 1

Why do AUD and NZD move together?

Accepted Answer

Geographic proximity, similar economic drivers (commodities, China), and trade ties.

Question 2

What is the typical AUD/NZD range?

Accepted Answer

Usually 1.02-1.15. Economies are similar, so extreme divergence is rare.

Question 3

How often should I check exchange rates?

Accepted Answer

For large transactions, check rates multiple times per day as they fluctuate constantly. For small amounts, daily rates are usually sufficient.

Question 4

What affects currency conversion fees?

Accepted Answer

Banks typically add 2-4% markup on exchange rates. Credit cards may charge foreign transaction fees. Currency exchange services often have the worst rates.

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