New Zealand Dollar Futures (6N) provide traders with exposure to the NZD/USD exchange rate. These contracts allow traders to speculate on the value of the New Zealand Dollar relative to the U.S. Dollar or hedge currency risk in international business operations.
Contract Size: 100,000 New Zealand Dollars
Example: This contract size allows traders to gain exposure to currencies with controlled leverage and risk.
These specifications make New Zealand Dollar (6N) Futures suitable for traders seeking exposure to currencies markets.
New Zealand Dollar (6N) Futures trade with extended hours, providing flexibility for traders in different time zones.
Platform Symbol: 6N
To trade New Zealand Dollar (6N) Futures, you'll need to meet specific margin requirements. Check with your broker for the latest margin rates and details.
Proper position sizing is crucial when trading New Zealand Dollar (6N) Futures. Use our position size calculator to determine the optimal number of contracts based on your risk tolerance and account size.
For New Zealand Dollar (6N) Futures (6N):
If you want to risk $500 with a 10-point stop loss:
Risk per Contract = Stop Loss in Points × Point Value = 10 × 100.00 per 0.01 = $1000
Maximum Contracts = Risk Amount ÷ Risk per Contract = $500 ÷ $1000 = 0 contracts