AUD/NZD forecasts are influenced by three factors; the relative coronavirus impact on both economies, changes in the delta between interest rates in Australia and New Zealand and also the trade war between China and the US.
The New Zealand dollar usually moves with the Australian dollar, however, in August, it trailed its commodity currency peer. New Zealand consumer spending in the second quarter dropped by nearly 15%, a record decline and a sign of the damage lockdown measures have had on consumer spending. Although early indicators suggested a strong rebound through Q3, lockdowns in Auckland have added pressure on struggling economy and GDP estimates. In the past, the Kiwi has struggled to extend beyond 66 US cents. However, USD weakness and a surge in positive sentiment has helped fuel demand for risk assets and pulled the NZD higher. The Kiwi has the potential to extend gains and push toward 68 US cents in the coming weeks, closing in on the gap with the AUD. September Currency Update
National Australia Bank (NAB) have revised upwards their Aussie/Kiwi dollar forecasts now expecting the AUD/NZD rate at NZ$1.09 by June 2022, up from their previous forecast of NZ$1.06.
For 2020, NAB sees the Australian dollar at NZ$1.09 by year-end, down a little from the previous predicted NZ$1.10.
You can read more about other AUD cross-rate forecasts here AUD Trends and Forecasts for 2020.
This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.
The following table looks at the change in the AUD to NZD exchange rate to the present day for periods going back upto 10 years:
|18 Sep 2020 : 1.0782||0.4% ▼||1 Week|
|26 Aug 2020 : 1.0927||1.8% ▼||30 Days|
|27 Jun 2020 : 1.0682||0.5% ▲||90 Days|
|26 Sep 2019 : 1.0724||0.1% ▲||1 Year|
|27 Sep 2015 : 1.1005||2.5% ▼||5 Years|
|28 Sep 2010 : 1.3094||18% ▼||10 Years|
AUD/NZD 10 year historic rates & change to 25-Sep-2020 : 1.0735