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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

28 May 2026 • 00:25 GMT

AUD/NZD 1.2099

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 1.1640 – 1.2100
  • Dominant driver: ⚖️ Interest-rate differentials
  • 3-month trend: ⚪ Range-bound

Currently, AUD/NZD is trading close to its 3-month average, holding near recent lows within a stable range. The dominant driver remains the extensive rate differential, with Australian yields lagging behind New Zealand’s. Risk-off sentiment supports safe-haven currencies, pressuring risk-sensitive FX like AUD/NZD. Near-term conditions suggest that the pair could face pressure if geopolitical tensions or market risk aversion persist.

💸 Transfer implications

  • Expats: sending money to New Zealand may find conditions less favourable than recent levels.
  • Travellers: buying NZD cash or loading currency cards might encounter higher costs.
  • Businesses: paying NZD invoices with AUD could see less advantageous exchange rates.

🧭 Key drivers

  • Rate gap: The Australian interest rate outlook remains subdued, lagging behind RBNZ’s more hawkish bias.
  • Risk/commodities: Risk-off conditions supported by geopolitical tensions and market caution pressure the AUD.
  • Global factors: Ongoing risk aversion globally, driven by geopolitical tensions, underpins the safe-haven asset flows.

⚠️ What could change it

  • Upside risk: A significant easing of global risk sentiment or Australian data surprising on the upside.
  • Downside risk: Further escalation of geopolitical tensions or a deteriorating Chinese growth outlook.

BER suggests shopping around for the lowest margin FX providers, as current conditions may remain supported by risk-off flows and a widening rate differential. Comparing different providers can help offset less favourable exchange rates.

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 =
1.2083We compare provider deals to this wholesale mid-market rate. Read more
NZD
1d−1.4%▼
AUD to NZD is at 30-day lows near 1.2099, near its 3-month average, having traded in a very stable 3.7% range from 1.1844 to 1.2280
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  1 NZD = 0.8276 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
14 May 2026
1.2221
1.1% ▼2 Week
27 Feb 2026
1.1859
1.9% ▲3 Month
28 May 2025
1.0782
12.1% ▲1 Year
29 May 2021
1.0622
13.8% ▲5 Year
30 May 2016
1.0732
12.6% ▲10 Year
02 Jun 2006
1.1936
1.3% ▲20 Year
AUD/NZD historic rates & change to 28-May-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