AUD to NZD Forecasts 2022
Weakness in AUD/NZD last year was due to the different paths taken by the antipodean central banks on interest rates. In 2022 this has reversed due to the sharp increase in energy prices supporting AUD as Australia is a major coal and natural gas exporter.
SupportAUD/NZD dollar outlook
The NZD has dropped back relative to AUD from mid November into 2022 with AUD/NZD reaching 1.10 in May. The risk-off shift sparked by the Ukraine situation coupled with a hawkish Federal Reserve, seemingly impacting the Kiwi dollar more than the Aussie.
| Date | AUD/NZD | Change | Period |
|---|---|---|---|
06 May 2022 | 1.1045 | 0.6% ▼ | 2 Week |
19 Feb 2022 | 1.0705 | 2.6% ▲ | 3 Month |
20 May 2021 | 1.0797 | 1.7% ▲ | 1 Year |
21 May 2017 | 1.0749 | 2.2% ▲ | 5 Year |
22 May 2012 | 1.2988 | 15.4% ▼ | 10 Year |
25 May 2002 | 1.1836 | 7.2% ▼ | 20 Year |
Factors that affect the Australian dollar to New Zealand dollar exchange rate
The sharp increase in energy prices has supported AUD/NZD, as Australian export prices for coal and natural gas rose significantly.
In late January and again in May the AUD slipped below the key 0.70 USD mark, its lowest level since mid 2020.
However, AUD is widely expected to rise to US75¢ by the end of 2022 – the Aussie dollar is forecast to have a volatile year against a range of currencies.
The New Zealand dollar weakened 10 percent as a result of the risk-off trade encouraged by the Ukraine situation and a hawkish Federal Reserve. The NZD dollar has fallen as investors head for safer assets.
Loading rates...
| Provider | Amounts | Rate | Cost | |
|---|---|---|---|---|
|
|
|
|||
|
|
|
|||
|
|
|
|||
|
|
|
More Forecasts
Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.