Let's compare currency pair USD/NZD by taking into account the value of USD against the value of NZD . Thanks to this currency pair we can know that it takes 1.60670$NZD to be able to buy a USD.
In this case, the base currency or transaction currency is USD whereas, based on forex market rules, the NZD is the quote or counter currency.
In the last hours, we have been able to see that the price of this pair was at its maximum splendor with the number 1.61140 and, on the other hand, we found that the minimum price has been at 1.60010 And thanks to this observation, we conclude a variation of -0.00310 or, in other words, with a percentage variation of -0.19000%.