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    Currency outlook AUD/NZD

    AUD to NZD Forecast & Outlook

    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

    01 Aug 2026 • 00:25 GMT

    AUD/NZD 1.1935

    Forecast snapshot

    Quick AUD/NZD forecast

    Near-term bias🔴 Mild downside
    Expected range1.1730 – 1.1940
    Dominant driver🏦 Central bank policy divergence
    3-month trend⚪ Range-bound

    Currently, AUD/NZD is trading close to 1.1935, near its 90-day lows and about 1.6% below the 3-month average. The pair remains supported by a risk-off environment and the hawkish stance of the RBNZ. Over the next few sessions, the pair may stay under pressure if risk sentiment persists and the divergence in policy continues to favour NZD. Near-term conditions suggest the pair could face ongoing resistance to a meaningful rebound.

    💸 Transfer implications

    • Expats: sending money to New Zealand might find current levels less favourable than recent, needing more AUD to buy NZD.
    • Travellers: exchanging currency should be aware they are trading near particularly weak levels for AUD.
    • Businesses: paying NZD invoices with AUD may see less advantageous rates if the pair stays pressured.

    🧭 Key drivers

    • Rate gap: RBNZ's recent 25 bp hike supports the NZD, widening the policy differential.
    • Risk/commodities: risk-off sentiment bolsters safe-haven currencies, pressuring risk-sensitive FX.
    • Global factors: global risk aversion remains elevated, supporting safe-haven flows and pressuring AUD/NZD.

    ⚠️ What could change it

    • Upside risk: if global risk appetite recovers, AUD could find support, improving exchange conditions.
    • Downside risk: a further hawkish surprise from RBNZ or global risk decline could deepen AUD weakness.

    BER suggests evaluating multiple FX providers to help offset potential less favourable exchange conditions amid current market dynamics.

    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.

    Compare before you exchange

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    Rate direction

    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 =
    1.1935We compare provider deals to this wholesale mid-market rate. Read more
    NZD
    1D−0.2%▼
    90dLows
    AUD to NZD is at 90-day lows near 1.1935, 1.6% below its 3-month average of 1.2123, having traded in a very stable 2.9% range from 1.1935 to 1.2280
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      1 NZD = 0.8379 AUD
     

    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
    17 Jul 2026
    1.1949
    		0.2% ▲2 Week
    02 May 2026
    1.2213
    		2% ▼3 Month
    31 Jul 2025
    1.0918
    		9.6% ▲1 Year
    01 Aug 2021
    1.0528
    		13.7% ▲5 Year
    02 Aug 2016
    1.0535
    		13.6% ▲10 Year
    05 Aug 2006
    1.2262
    		2.4% ▼20 Year
    AUD/NZD historic rates & change to 31-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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