Exchange rate refers to the value of one currency in relation to another. It is the price at which one currency can be exchanged for another. Exchange rates are determined by a variety of factors, including supply and demand for each currency, economic and political conditions in each country, interest rates, inflation rates, and other factors.
NZD/USD has been on the rise, extending gains for the third consecutive trading day. During the Asian session on Tuesday, NZD/USD traded higher around 0.6260. The pair rebounded from a…
