AUD to NZD Forecasts
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.
BER ResearchAUD/NZD Outlook
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 |
|---|---|---|---|
13 Sep 2022 | 1.1233 | 1.7% ▲ | 2 Week |
29 Jun 2022 | 1.1053 | 3.3% ▲ | 3 Month |
27 Sep 2021 | 1.0390 | 9.9% ▲ | 1 Year |
28 Sep 2017 | 1.0868 | 5.1% ▲ | 5 Year |
29 Sep 2012 | 1.2501 | 8.6% ▼ | 10 Year |
02 Oct 2002 | 1.1471 | 0.4% ▼ | 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.
ANZ Bank forecast the AUD to regain some ground by the end of the year to US70¢.
While NAB see the Aussie dollar to be range bound between US65¢ to US70¢, testing the lower end at the some point through to the end of the year.
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.
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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.