Cross pair
EUR/NZD: volatility, trading hours and correlation
🇪🇺 euro against the 🇳🇿 New Zealand dollar. EUR/NZD has averaged 99 pips a day over the last 90 days, with recent volatility close to its one-year norm. It tends to move most between 13:00 and 16:00 UTC.
- Last close
- 2.00178 6 October 2026
- Avg daily range
- 99 pips 90 days · 0.50% of price
- 1-year change
- -0.14% EUR weaker vs NZD
- 52-week range
- 1.94371 – 2.06742 Low to high
EUR/NZD over the last 12 months
Daily closes
When EUR/NZD moves most
Average high-to-low range for each hour of the day over the last year, in pips (UTC). The busiest three-hour window is highlighted.
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Average range by weekday
Pips, last 12 months. Friday is typically busiest and Wednesday quietest.
Calendar-year performance
% change in EUR/NZD each year, latest year to date
EUR/NZD seasonality
Average % change by calendar month across the last 9 years. March has been the strongest month on average and November the weakest. Seasonality is a tendency, not a forecast.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg change | -0.01% | +0.19% | +1.50% | +0.80% | -0.25% | +0.29% | +0.15% | +1.47% | +0.11% | +0.49% | -1.25% | 0.00% |
| Years up | 44% | 56% | 78% | 67% | 44% | 56% | 67% | 78% | 44% | 44% | 33% | 67% |
EUR/NZD correlation
Correlation of daily returns with other pairs. +1 means they move together, −1 means they move in opposite directions. How to use correlation.
Biggest daily moves in the last year
The five widest high-to-low days for EUR/NZD.
| Date | Range | Open to close | × normal day |
|---|---|---|---|
| 1 September 2026 | 301 pips | -0.02% | 2.8× |
| 6 February 2026 | 240 pips | 0.00% | 2.3× |
| 26 November 2025 | 226 pips | +0.02% | 2.1× |
| 6 November 2025 | 221 pips | 0.00% | 2.1× |
| 26 May 2026 | 217 pips | -0.01% | 2.0× |
EUR/NZD pip value
Value of a one-pip move (0.0001) at the latest price.
| Account currency | Standard lot (1.00) | Mini lot (0.10) | Micro lot (0.01) |
|---|---|---|---|
| 🇺🇸 USD | 5.63 USD | 0.56 USD | 0.056 USD |
| 🇪🇺 EUR | 5.00 EUR | 0.50 EUR | 0.050 EUR |
| 🇬🇧 GBP | 4.24 GBP | 0.42 GBP | 0.042 GBP |
| 🇳🇿 NZD | 10.00 NZD | 1.00 NZD | 0.100 NZD |
About EUR/NZD
EUR/NZD shows how many New Zealand dollars (NZD) it takes to buy one euro (EUR). When the price rises, the euro is strengthening against the New Zealand dollar.
EUR is issued by the European Central Bank. It tends to respond to European Central Bank policy, eurozone inflation and growth data, and the spread between German and US bond yields.
NZD is issued by the Reserve Bank of New Zealand. It tends to respond to Reserve Bank of New Zealand policy, dairy prices and broader risk sentiment.
With an average range of about 99 pips a day, a stop loss of 30–60 pips is roughly a third to two-thirds of a normal day for EUR/NZD. Always size your position from the stop distance with the lot size calculator.
EUR/NZD FAQ
What is the average daily range of EUR/NZD?
Over the last 90 days EUR/NZD moved an average of 99 pips from high to low each day, about 0.50% of its price. Over the past year the average was 106 pips, and over the last 20 trading days it was 102 pips.
What is the best time to trade EUR/NZD?
In the past year EUR/NZD was most active between 13:00 and 16:00 UTC, and the London session produced the largest average range (80 pips). The quietest hour was 19:00 UTC. Friday was its busiest weekday on average.
What is EUR/NZD most correlated with?
Based on daily returns over the last year, EUR/NZD moved most closely with GBP/NZD (correlation 0.81) and most inversely with NZD/CHF (-0.79).
How much is one pip worth on EUR/NZD?
One pip on EUR/NZD is 0.0001 of the price. For one standard lot (100,000 EUR) that is 10 NZD, or about $5.63 at the latest price. A mini lot is a tenth of that and a micro lot a hundredth.
Statistics are calculated by ForexSignals.io from daily and hourly price history up to 6 October 2026. Hourly figures cover the last 12 months, seasonality the last 9 full years. Data may contain errors and is not a trading recommendation.
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