The EUR has suffered the same indignations as all of the ‘Non-Reserve’ currencies and fallen sharply since the US Presidential Election. The Eurozone has been living in recessionary conditions for a long time now and attempts to stimulate the economy, through rate cuts, have yet to show any progress. The cross rate with the NZD has moved little as the USD dominates and drives all currencies, ensuring cross rate volatility remains low.
The current interbank midrate is: NZDEUR .5570 EURNZD 1.7953
The interbank range this week has been: NZDEUR EURNZD