CME
New Zealand Dollar (6N) Tick Value & Contract Specs
Tick value $5.00 per tick — 100,000 New Zealand dollars.
New Zealand Dollar futures (6N) cover 100,000 NZD, quoted as US dollars per New Zealand dollar, ticking at 0.00005 for $5.00 per contract and $10 per pip. The specs are identical to 6A and 6C; the liquidity is not. 6N is the thinnest of the CME currency majors, and the difference shows up as wider spreads and a book that empties faster during the Asian session than any other contract in the complex.
The kiwi trades as a higher-beta version of the Aussie. Both are commodity and risk-sentiment currencies, both are sensitive to Chinese demand, and the AUD/NZD cross is a long-standing relative-value trade precisely because the two move together so reliably. Where they part company is the export base: New Zealand's is agricultural rather than mineral, so dairy auction results and Reserve Bank of New Zealand decisions can move 6N independently of the Aussie. Treat the thinner book as the main practical constraint — the $5.00 tick is the same as 6A's, but the realistic cost of getting in and out is not. The calculator below is pre-filled with 6N's specs.
- Exchange
- CME
- Contract size
- 100,000 New Zealand dollars
- Tick size
- 0.00005
- Tick value
- $5.00
- Point value (multiplier)
- $100000
- Trading hours
- Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:00pm–6:00pm ET
- Margin
- Margin varies by broker and is typically a little higher relative to notional than the deeper majors, reflecting thinner liquidity.
How 6N tick value works
Tick value is the dollar amount one futures contract gains or loses when the price moves one minimum increment (one tick).
tick value = tick size × multiplier. For 6N, that is 0.00005 × $100000 = $5.00 per tick, per contract.
One contract represents 100,000 New Zealand dollars. P&L for a move from entry to exit is (exit − entry) ÷ tick size × tick value × contracts.
6N contract months and ticker symbols
A futures ticker is three parts: the root, a one-letter delivery month, and the year. 6NZ2026 is the December 2026 6N contract. The month letters skip I and L, which would read as 1 and 7 on a ticker.
| Code | Month | Listed for 6N? |
|---|---|---|
| F | January | Yes — 6NF |
| G | February | Yes — 6NG |
| H | March | Yes — 6NH |
| J | April | Yes — 6NJ |
| K | May | Yes — 6NK |
| M | June | Yes — 6NM |
| N | July | Yes — 6NN |
| Q | August | Yes — 6NQ |
| U | September | Yes — 6NU |
| V | October | Yes — 6NV |
| X | November | Yes — 6NX |
| Z | December | Yes — 6NZ |
All twelve months are listed, but almost all volume sits in the March, June, September and December contracts.
Which 6N contract am I looking at?
Most charts default to the continuous front-month series rather than a dated contract — one stitched-together chart that rolls to the next month as the current one nears expiry. Every platform spells it differently, which is why the same contract appears under so many names.
| Written as | Platform | Meaning |
|---|---|---|
| 6N1! | TradingView | Continuous front-month contract. "2!" is the next one out, and a dated contract is written in full, e.g. 6NZ2026. |
| 6N00 | Barchart | Continuous front-month series. "6NZ26" style codes name a specific month and year instead. |
| 6Nc1 | Refinitiv / Reuters | Continuous front month; c2 is the second month out. |
| /6N | thinkorswim, tastytrade | The leading slash marks it as a future rather than a stock. A specific month is /6NZ26. |
| 6N=F | Yahoo Finance | The "=F" suffix denotes the front-month futures series. |
| $6N | StockTwits, social | A cashtag, not an exchange symbol. It usually means the front month, but it is informal and ambiguous. |
A dated code such as 6NZ26 always means one specific contract; the continuous forms never do. Check which you are quoting before comparing a price to someone else’s — around a roll they differ.
Frequently asked questions
- What is the tick value for 6N?
- $5.00 per tick — a 0.00005 tick size × a $100000 multiplier (point value).
- What is one 6N contract worth?
- One contract represents 100,000 New Zealand dollars. Notional value = price × $100000; use the tick value calculator with the current price for an exact figure.
- Which exchange lists 6N?
- New Zealand Dollar (6N) trades on the CME.
- What are the trading hours for 6N?
- Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:00pm–6:00pm ET.
- How much margin do I need to trade 6N?
- Margin varies by broker and is typically a little higher relative to notional than the deeper majors, reflecting thinner liquidity.
- What are the 6N contract months?
- 6N lists January, February, March, April, May, June, July, August, September, October, November and December. All twelve months are listed, but almost all volume sits in the March, June, September and December contracts.
- What does 6NZ2026 mean?
- It is one specific 6N contract: the root 6N, the delivery-month code Z, and the year. Z is December, so 6NZ2026 is the December 2026 contract. The codes run F G H J K M N Q U V X Z for January through December — I and L are skipped because they read as 1 and 7 on a ticker.
- What is 6N00, 6N1! or /6N?
- All three name the same thing: the continuous front-month 6N contract, written differently by different platforms. Barchart uses 6N00, TradingView 6N1!, thinkorswim and tastytrade /6N, Yahoo Finance 6N=F, and 6N on social media is usually written $6N. None of them is a separate instrument — each stitches together whichever dated contract is currently the front month.
- How is P&L calculated for 6N?
- P&L = (exit price − entry price) ÷ 0.00005 tick size × $5.00 tick value × number of contracts. Use the tick value calculator to compute this directly.
More futures contract specs
- 6E — Euro FXTick value $6.25 · CME
- 6B — British PoundTick value $6.25 · CME
- 6A — Australian DollarTick value $5.00 · CME
- 6C — Canadian DollarTick value $5.00 · CME
See all futures contract specs or use the futures contract & tick value calculator with any symbol or custom specs.
Specs last reviewed 2026-09-15. Exchanges can amend contract specs — always confirm against the exchange or your broker before trading.