This pair represents a cross between the Euro and New Zealand Dollar pair. The pair is popular among traders who love it for its volatility as well as the wide swings it makes each day. New Zealand is a smaller economy that shares major ties with Australia and Asian countries (often considered as a proxy for Chinese growth). As a result of the European difficulties, the NZD has traded well against the Euro in recent years, as idle cash looks to find a strong and secure yield. The pair provides opportunities for profit from significant value differentials and is also associated with high risk.