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Currency outlook AUD/NZD

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

23 Jul 2026 • 00:25 GMT

AUD/NZD 1.2030

📊 Forecast snapshot

  • Near-term bias: 🟢 Mild upside
  • Expected range: 1.2030 – 1.2500
  • Dominant driver: ⚖️ Interest-rate differentials
  • 3-month trend: 🟡 Range-bound, upside bias

Currently, AUD/NZD is trading near 1.2030, close to its 7-day high and just below its 3-month average of 1.2139. The pair remains supported by the rate differential, with the RBNZ's hawkish stance underpinning NZD strength. Over the next few sessions, the pair may stay supported within its recent range, as the policy gap persists. Near-term conditions suggest the pair could remain supported if risk sentiment remains positive.

💸 Transfer implications

  • Expats: sending money to New Zealand may find converting Australian Dollars at current levels more favourable than recent lows.
  • Travellers: buying NZD foreign cash or loading currency cards may see relatively stable exchange rates.
  • Businesses: paying overseas invoices in NZD may find conditions supportive for current transfers.

🧭 Key drivers

  • Rate gap: RBNZ's rate hikes and hawkish stance support NZD, maintaining the pair above its 90-day average.
  • Risk/commodities: Risk-on sentiment and commodity prices underpin the cyclical nature of AUD and NZD.
  • Global factors: Broader global risk appetite remains supportive of pro-growth currencies like AUD and NZD.

⚠️ What could change it

  • Upside risk: If risk sentiment improves further, AUD/NZD could rise toward recent highs.
  • Downside risk: Unexpected shifts in RBNZ policy or a risk-off environment could pressure the pair lower.

Shopping around for the lowest margin provider may help reduce overall transfer costs. Comparing FX providers can offset less favourable exchange conditions. Finding providers with lower margins reduces total transfer costs.

 

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 =
1.2078We compare provider deals to this wholesale mid-market rate. Read more
NZD
1d+0.1%▲
AUD to NZD is at 7-day highs near 1.2030, just 0.9% below its 3-month average of 1.2139, having traded in a very stable 2.8% range from 1.1943 to 1.2280
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  1 NZD = 0.8280 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
09 Jul 2026
1.2051
0.1% ▲2 Week
24 Apr 2026
1.2152
0.7% ▼3 Month
23 Jul 2025
1.0918
10.5% ▲1 Year
24 Jul 2021
1.0559
14.2% ▲5 Year
25 Jul 2016
1.0689
12.8% ▲10 Year
28 Jul 2006
1.2391
2.7% ▼20 Year
AUD/NZD historic rates & change to 23-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