NZD/USD Pip Value

NZD/USD — the 'Kiwi' — is the smallest of the major USD pairs by volume, tied to an economy whose exports are dominated by dairy and agriculture. Global Dairy Trade auction results genuinely move this currency, a driver no other major has. Pip math is the friendly kind: 0.0001 pip size and a USD quote, so $10 per pip per standard lot in a dollar account, exactly like EUR/USD and AUD/USD.

The Kiwi trades thinner than its Australian cousin, which shows up as wider spreads and larger slippage outside the London/New York overlap — worth budgeting into stop placement. It is also a classic risk-sentiment currency: it strengthens when equity markets rally and weakens in risk-off episodes, and it tends to track AUD/USD closely enough that holding both doubles much of the same exposure. RBNZ decisions land during the Wellington/Sydney session — overnight for most Western traders — so positions held into them need stops placed with that in mind.