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    AUD to NZD 2024 Forecasts

    Analysis of recent Aussie → Kiwi forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Australian dollar to New Zealand dollar performance and trends.

     

    Forecasts for AUD to NZD

     

    Based on recent exchange rate analyst forecasts and currency market updates, the Australian dollar (AUD) has shown strength following a hawkish stance from the Reserve Bank of Australia (RBA) in maintaining interest rates unchanged while hinting at potential future rate hikes. The AUD surged in May, supported by robust commodities and expectations of Fed rate cuts in the US. The shift in US yields and softer economic data driving rate cut expectations have lifted the AUD above US$0.65.

    On the other hand, the New Zealand dollar (NZD) has faced downward pressure due to economic pessimism, with consumer confidence dropping significantly. The NZD recovered from year-to-date lows seen in April but remains below historic highs. The currency outperformed through May, driven by softer US macroeconomic data and a hawkish Reserve Bank of New Zealand (RBNZ) stance. The RBNZ's focus on inflation targets and the expectation of unchanged rates through the second half of 2024 have contributed to the NZD's performance.

    In June, market attention will likely focus on central bank policy expectations, particularly in the US, and any developments in economic data that could influence the trajectory of interest rates. The AUD is anticipated to remain strong, potentially surpassing US$0.67, while the NZD may face continued downward pressure, fluctuating between US$0.60 and US$0.62 until further clarity on US rate cuts emerges. Both currencies are influenced by global factors such as commodity prices, trade policies, and broader economic sentiment, which will continue to shape their performance in the near term.

     
    @bestfxrates : AUD strength persists as RBA hints at future hikes; May surge on commodity rally & US Fed cut expectations. Meanwhile, NZD labors under economic gloom, despite RBNZ hawkishness. AUDNZD dynamics hinge on central bank cues & global sentiment. Eyes on US for June's direction. #AUDNZD #Forex #RBA #RBNZ

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    AUD to NZD Market Data

    Australian dollar (AUD) to New Zealand dollar (NZD) market data - latest interbank exchange rate, trend, chart & historic rates.

     
    1 AUD =
    1.0876We compare provider deals to this wholesale mid-market rate. Read more
    NZD
    +0.4%
    2W
    AUD to NZD is at 14-day highs near 1.0882, near its 3-month average, having traded in a very stable 2.7% range from 1.0734 to 1.1023
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    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.

     
    DateAUD/NZDChangePeriod
    05 Jun 2024
    1.0741
    1.3% 2 Week
    21 Mar 2024
    1.0869
    0.1% 3 Month
    20 Jun 2023
    1.1010
    1.2% 1 Year
    21 Jun 2019
    1.0516
    3.4% 5 Year
    22 Jun 2014
    1.0779
    0.9% 10 Year
    24 Jun 2004
    1.1052
    1.6% 20 Year
    AUD/NZD historic rates & change to 19-Jun-2024
     

    Will the Australian dollar rise against the New Zealand dollar?

    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.

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    Read our Currency guide to New Zealand - a practical currency and money guide to travel, living and doing business in New Zealand with the New Zealand dollar.

     
     

    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