NZD/CAD Spread Betting

The CleanFinancial guide to NZD/CAD spread betting.

• Where Can I Spread Bet on NZD/CAD?
• Live NZD/CAD Charts
• Live NZD/CAD Prices
• NZD/CAD Trading News and Analysis
• Where Can I Trade NZD/CAD for Free?
• Where Can I Practice Trading NZD/CAD?
• How to Spread Bet on NZD/CAD?
• Forex Spread Betting Guide

Live NZD/CAD Chart & Prices

This CFD trading chart will offer you a handy guide to the NZD/CAD pair.


The above chart is provided by Plus500 and is typically based on the NZD/CAD futures price (not the spot market).

To access up-to-the-minute spread betting prices and charts for NZD/CAD, you will probably require a financial spread betting account.

A spreads account can also let you access the shorter-term daily prices. Readers should note that all accounts are subject to status, credit and suitability checks.

If your account application is accepted then you can log in and study the charts and the current pricing. These are normally provided as part of the service. What’s the catch? You will probably get the occasional sales call and/or newsletter from the spread trading firm.

If you want to trade, remember that spread trading and CFD trading involve a high degree of risk to your capital and you could lose more than your initial investment.

Where Can I Spread Bet on NZD/CAD?

Currently, you are able to trade with no commissions and no brokers’ fees on NZD/CAD by trading with these spread betting companies:

• City Index
• Financial Spreads
• IG
• InterTrader
• Spreadex

NZD/CAD Market Analysis and Trading News

» More forex trading views and analysis.


Sample FinancialSpreads.com forex rate trading chart



The spread betting firms in the following list offer clients live charts and prices:

• City Index (read review)
• ETX Capital (read review)
• Financial Spreads (read review)
• Finspreads (read review)
• IG (read review)
• Inter Trader (read review)
• Spreadex (read review)

Where Can I Trade NZD/CAD for Free?

Trading involves a degree of risk. Having said that, if you’d like to try an entirely free Practice Account, that allows you to trial spread betting and access trading charts, please see below for more details.

When deciding which investment option is right for you, don’t forget that spread betting, in the UK, is currently exempt from capital gains tax, income tax and stamp duty*.

If you want a low cost financial spread betting site, you should keep in mind that you are able to take a position on NZD/CAD commission free and with no brokers’ fees with companies such as:

• City Index
• Financial Spreads
• IG Index
• Inter Trader
• Spreadex

Free Demo Account

If you’d like to open a Practice Account which lets you try out spread betting, and speculating on markets such as EUR/GBP, the FTSE 100 and NZD/CAD, then you could always look into:

• Financial Spreads
• Inter Trader

The firms listed above provide a Practice Account which lets investors practice with an array of orders, try out new theories and use professional charts.

How to Spread Bet on NZD/CAD?

As with most key markets, you are able to speculate on foreign exchange rates, like NZD/CAD, to either rise or fall.

Logging into InterTrader, you can see that they are currently valuing the NZD/CAD Rolling Daily market at C$0.79489 – C$0.79569. As a result, you can spread bet on the NZD/CAD pair:

  Going higher than C$0.79569, or
  Going lower than C$0.79489

When financial spread betting on NZD/CAD you trade in £x per point where a point is C$0.00010 of the pairs movement. As a result, should you choose to invest £3 per point and NZD/CAD moves 34.0 points then that would make a difference to your P&L of £102. £3 per point x C$0.00340 = £3 per point x 34.0 points = £102.

Rolling Daily Foreign Exchange Markets

You should note that this is a ‘Rolling Daily Market’, therefore in contrast with futures markets, there is no closing date. If you decide to leave your trade open at the end of the day, it will simply roll over to the next trading day.

If your FX spread bet does roll over then you normally pay a small overnight financing fee. You can learn more about Rolling Daily Markets in our article Rolling Daily Spread Betting.

NZD/CAD Trading Example 1

So, if you continue with the spread of C$0.79489 – C$0.79569 and assume that:

• You’ve completed your market analysis, and
• You think the NZD/CAD rate will push higher than C$0.79569

Then you could choose to buy a spread bet at C$0.79569 for a stake of £3 per point.

Therefore, you make a profit of £3 for every point (C$0.00010) that the NZD/CAD rate pushes above C$0.79569. Conversely, however, you will lose £3 for every point that the NZD/CAD market decreases lower than C$0.79569.

Looking at this from another angle, should you ‘Buy’ a spread bet then your profit/loss is calculated by taking the difference between the final price of the market and the price you bought the market at. You then multiply that difference in price by your stake.

If after a few trading sessions the currency rate rose then you might consider closing your trade to lock in your profit.

As an example, should the market rise, the spread, determined by the spread betting company, could be adjusted to C$0.79919 – C$0.79999. You would close your spread bet by selling at C$0.79919. Therefore, with the same £3 stake you would calculate your profit as:

Profit = (Closing Price – Opening Price) x stake
Profit = (C$0.79919 – C$0.79569) x £3 per point stake
Profit = C$0.00350 x £3 per point stake
Profit = 35.0 points x £3 per point stake
Profit = £105.00 profit

Trading currencies, by spread betting or otherwise, doesn’t always work out as you would have liked. In this example, you wanted the currency pair to go up. Naturally, the FX rate might decrease.

If the NZD/CAD market decreased, contrary to your expectations, then you might decide to close/settle your position in order to restrict your losses.

Should the spread fall back to C$0.79171 – C$0.79251 then you would close your trade by selling at C$0.79171. Therefore, you would make a loss of:

Loss = (Closing Price – Opening Price) x stake
Loss = (C$0.79171 – C$0.79569) x £3 per point stake
Loss = -C$0.00398 x £3 per point stake
Loss = -39.8 points x £3 per point stake
Loss = -£119.40 loss

Note: NZD/CAD Rolling Daily forex market accurate as of 11-Sep-12.

How to Spread Bet on New Zealand Dollar – Canadian Dollar – Example 2

Logging onto FinancialSpreads, we can see they are offering the New Zealand Dollar – Canadian Dollar Rolling Daily market at C$0.80659 – C$0.80739. This means an investor could spread bet on the New Zealand Dollar – Canadian Dollar rate:

  Increasing above C$0.80739, or
  Decreasing below C$0.80659

When making a spread bet on New Zealand Dollar – Canadian Dollar you trade in £x per point where a point is C$0.00010 of the pairs movement. Therefore, if you staked £3 per point and New Zealand Dollar – Canadian Dollar moves 20.0 points then that would alter your profit/loss by £60. £3 per point x C$0.00200 = £3 per point x 20.0 points = £60.

Now, if you continue with the above spread of C$0.80659 – C$0.80739 and make the assumptions:

• You have completed your market research, and
• Your analysis leads you to think the New Zealand Dollar – Canadian Dollar market will increase and move higher than C$0.80739

Then you may decide to buy at C$0.80739 and invest, for the sake of argument, £2 per point.

Therefore, you win £2 for every point (C$0.00010) that the New Zealand Dollar – Canadian Dollar pair rises above C$0.80739. Of course, such a bet also means that you will lose £2 for every point that the New Zealand Dollar – Canadian Dollar market falls lower than C$0.80739.

Looking at this from another angle, if you ‘Buy’ a spread bet then your profits (or losses) are found by taking the difference between the closing price of the market and the initial price you bought the spread at. You then multiply that difference in price by your stake.

Therefore, if after a few trading sessions the forex pair rose then you might consider closing your trade to lock in your profit.

As an example, if the market increased then the spread might change to C$0.81425 – C$0.81505. You would settle/close your trade by selling at C$0.81425. Therefore, with the same £2 stake:

Profit / loss = (Closing Price – Initial Price) x stake
Profit / loss = (C$0.81425 – C$0.80739) x £2 per point stake
Profit / loss = C$0.00686 x £2 per point stake
Profit / loss = 68.6 points x £2 per point stake
Profit / loss = £137.20 profit

Financial spread trading is not always easy. With the above, you wanted the FX pair to increase. Of course, it can also decrease.

If the New Zealand Dollar – Canadian Dollar rate had started to fall then you might choose to close your position to limit your losses.

So if the spread dropped to C$0.80093 – C$0.80173 then this means you would close your spread bet by selling at C$0.80093. So your loss would be calculated as:

Profit / loss = (Closing Price – Initial Price) x stake
Profit / loss = (C$0.80093 – C$0.80739) x £2 per point stake
Profit / loss = -C$0.00646 x £2 per point stake
Profit / loss = -64.6 points x £2 per point stake
Profit / loss = -£129.20 loss

Note – New Zealand Dollar – Canadian Dollar Rolling Daily FX market correct as of 18-Sep-12.