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The AUDNZD represents the two Australasian currencies which often trade similarly against the currencies due to the similar geographical locations. Both economies will be affected by exporting their commodities, with Australia exporting energies and precious metals whereas New Zealand is known for its export of wool, meat and milk. This pair therefore is not affected by global factors or trends but changes in the local economies. This currency pair tells traders how many New Zealand Dollars are needed to buy one Australian Dollar.