The XAU/NZD currency pair is a relatively new currency pair that was introduced in the foreign exchange market in the early 2000s.
Before the introduction of the XAU/NZD currency pair, gold was primarily traded in US dollars (XAU/USD) or euros (XAU/EUR).
Here is a table showing the annual historical data for XAU/NZD from 2000, including the opening price, high price, closing price, and variation (calculated as the difference between the opening and closing prices):
From 1970 to 2021, the price of gold in NZD has experienced significant fluctuations, with the price rising from around NZD 60 per ounce in 1970 to an all-time high of NZD 2,778 per ounce in August 2020. The price of gold has since fluctuated and was around NZD 2,133 per ounce in February 2023. The price of gold is influenced by various factors such as economic growth, inflation, geopolitical tensions, and monetary policy decisions by central banks.