Cross pair
NZD/CAD: volatility, trading hours and correlation
The New Zealand dollar against the Canadian dollar. NZD/CAD has averaged 53 pips a day over the last 90 days, with recent volatility close to its one-year norm. It tends to move most between 12:00 and 15:00 UTC.
- Last close
- 0.79838 16 October 2026
- Avg daily range
- 53 pips 90 days · 0.66% of price
- 1-year change
- -0.69% NZD weaker vs CAD
- 52-week range
- 0.78526 – 0.82917 Low to high
NZD/CAD over the last 12 months
Daily closes
When NZD/CAD 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. 21:00–23:00 UTC includes the daily rollover, when spreads widen and bid prices dip, so those hours are left out of it.
Want these hours in your own time zone? Open forex market hours. To compare NZD/CAD with other pairs, read the most volatile hours in forex.
Average range by weekday
Pips, last 12 months. Wednesday is typically busiest and Tuesday quietest.
Calendar-year performance
% change in NZD/CAD each year, latest year to date
NZD/CAD seasonality
Average % change by calendar month across the last 9 years. November has been the strongest month on average and August the weakest. Seasonality is a tendency, not a forecast.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg change | -0.26% | +0.01% | -0.53% | -0.78% | +0.10% | -0.42% | -0.42% | -0.95% | -0.51% | 0.00% | +2.02% | +0.15% |
| Years up | 44% | 56% | 67% | 56% | 44% | 22% | 44% | 22% | 44% | 56% | 56% | 67% |
NZD/CAD 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 NZD/CAD.
| Date | Range | Open to close | × normal day |
|---|---|---|---|
| 8 April 2026 | 190 pips | +1.43% | 3.3× |
| 6 May 2026 | 156 pips | +1.35% | 2.7× |
| 19 March 2026 | 144 pips | +1.37% | 2.5× |
| 23 March 2026 | 143 pips | +0.93% | 2.5× |
| 9 March 2026 | 127 pips | +1.05% | 2.2× |
NZD/CAD 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 | 7.07 USD | 0.71 USD | 0.071 USD |
 EUR | 6.29 EUR | 0.63 EUR | 0.063 EUR |
 GBP | 5.31 GBP | 0.53 GBP | 0.053 GBP |
 CAD | 10.00 CAD | 1.00 CAD | 0.100 CAD |
About NZD/CAD
NZD/CAD shows how many Canadian dollars (CAD) it takes to buy one New Zealand dollar (NZD). When the price rises, the New Zealand dollar is strengthening against the Canadian dollar.
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.
CAD is issued by the Bank of Canada. It tends to respond to Bank of Canada policy, crude oil prices and the health of the US economy, Canada’s largest trading partner.
With an average range of about 53 pips a day, a stop loss of 16–32 pips is roughly a third to two-thirds of a normal day for NZD/CAD. Always size your position from the stop distance with the lot size calculator.
NZD/CAD FAQ
What is the average daily range of NZD/CAD?
Over the last 90 days NZD/CAD moved an average of 53 pips from high to low each day, about 0.66% of its price. Over the past year the average was 57 pips, and over the last 20 trading days it was 51 pips.
What is the best time to trade NZD/CAD?
In the past year NZD/CAD was most active between 12:00 and 15:00 UTC, and the London session produced the largest average range (35 pips). The quietest hour was 04:00 UTC. Wednesday was its busiest weekday on average.
What is NZD/CAD most correlated with?
Based on daily returns over the last year, NZD/CAD moved most closely with NZD/USD (correlation 0.86) and most inversely with EUR/NZD (-0.78).
How much is one pip worth on NZD/CAD?
One pip on NZD/CAD is 0.0001 of the price. For one standard lot (100,000 NZD) that is 10 CAD, or about $7.07 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 Dukascopy hourly bid prices up to the 16 October 2026 close. Trading days run from 17:00 to 17:00 New York time, the same daily candles most MT4 and MT5 brokers show. 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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