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AUD to NZD Forecasts – Australian dollar to New Zealand dollar

Latest AUD to NZD forecasts including bank predictions, key market drivers and recent trends for AUD/NZD. See where analysts expect the pair to move and the factors likely to influence it.

 

AUD to NZD Forecast & Outlook

02 Jul 2026 • 00:25 GMT

AUD/NZD 1.2139

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 1.1790 – 1.2140
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

Currently, AUD/NZD is trading close to 14-day lows near 1.2139, holding near its 3-month average and within a very stable range. The dominant driver of recent moves remains risk sentiment, which is pressured by global risk-off conditions. Near-term conditions suggest the pair may face downside pressure if risk aversion continues, as safe-haven flows strengthen and risk-sensitive currencies weaken.

💸 Transfer implications

  • Expats: sending money to New Zealand may find conditions less favourable than recent levels if the pair declines further.
  • Travellers: exchanging currency for NZD might see less advantageous rates if the pair remains supported by risk aversion.
  • Businesses: paying NZD invoices could face less favourable FX conditions if the pair continues to weaken.

🧭 Key drivers

  • Rate gap: The RBA's cautious stance compared to the RBNZ's more neutral policy keeps the rate differential narrow.
  • Risk/commodities: Elevated global risk aversion supports safe-haven assets and weighs on risk-sensitive currencies.
  • Global factors: US dollar strength and US PCE inflation data, ahead, add to risk-off sentiment.

⚠️ What could change it

  • Upside risk: A stabilization or easing of risk-off conditions could support a rebound in AUD/NZD.
  • Downside risk: A further escalation in global risk aversion or US dollar gains may deepen recent lows.

BER suggests that traders consider shopping around for the lowest margin provider to help offset less favourable exchange rates amid current conditions.

 

AUDNZD Bank Forecasts to end of the year

The long-term outlook for AUDNZD is mixed, with forecasts suggesting some stability but with differing views on end-of-year targets. Bank of America anticipates AUDNZD rising to 1.20 by mid-2026, indicating an upward trend largely due to expected NZD weakness and rate differentials. Meanwhile, UBS has a more conservative outlook, setting its year-end target at 1.1400. NAB further expects a gradual easing in the pair towards 1.13-1.11 by the end of 2026.

Big bank views

  • Bank of America expects AUDNZD to reach 1.20 by mid-2026, driven by NZD downside risks.
  • UBS targets 1.1400 for end-2025, highlighting stronger AUD fundamentals.
  • NAB forecasts a gradual decline to 1.13-1.11 by end-2026, implying slight easing.

What could change the outlook

  • Further changes in interest rate policies between the RBA and RBNZ could alter the projected rate differentials.
  • Shifts in global economic conditions impacting commodity prices and trade balances may influence AUD and NZD strength.
 

AUD-NZD Rate Calculator

 
 
   
   
   
   
   
 
 

AUD to NZD Market Data

Australian dollar (AUD) to New Zealand dollar (NZD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell AUD   →   Buy NZD
1 AUD =
1.2145We compare provider deals to this wholesale mid-market rate. Read more
NZD
1d−0.4%▼
AUD to NZD is at 14-day lows near 1.2139, near its 3-month average, having traded in a very stable 2.4% range from 1.1995 to 1.2280
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  1 NZD = 0.8234 AUD

Compare & Save - Australian dollar to New Zealand dollar

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Australian dollar (AUD) to New Zealand dollar (NZD) rates from different sources before making a conversion.

Use our AUD to NZD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Aussie to Kiwi currency rates and the possible savings of using various providers.

 
 

Will the Australian dollar rise against the New Zealand dollar?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Australian dollar vs New Zealand dollar current value is to look the AUD/NZD historic rate and change over a range of periods.

The following table looks at the change in the AUD to NZD exchange rate over periods from the previous week back to the last 10 years.

DateAUD/NZDChangePeriod
18 Jun 2026
1.2186
0.3% ▼2 Week
03 Apr 2026
1.2112
0.3% ▲3 Month
02 Jul 2025
1.0811
12.3% ▲1 Year
03 Jul 2021
1.0706
13.5% ▲5 Year
04 Jul 2016
1.0433
16.4% ▲10 Year
07 Jul 2006
1.2312
1.3% ▼20 Year
AUD/NZD historic rates & change to 02-Jul-2026

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add AUD/NZD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more