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    AUD to NZD Forecasts

    Weakness in AUD/NZD has been due to the different paths taken by the antipodean central banks on interest rates. In Q4 this has reversed due to the sharp increase in energy prices supporting AUD as Australia is a major coal and natural gas exporter.

    Updated: Oct 09, 2021  
     

    1 AUD = 1.0607 NZD
    Sell AUD  →  Buy NZD
    AUD to NZD at 1.0606 has risen 1.0% above average of its 90-day range 1.0326-1.0636.
    |
      1 NZD = 0.9427 AUD
     
    14-DAYLOW1d

    AUD/NZD dollar outlook

    The NZD has dropped back relative to AUD from mid September into October. The risk-off shift sparked by the Evergrande crisis, coupled with the emergence of new roadblocks to global recovery, seemingly impacting the Kiwi dollar more than the Aussie.

    The sharp increase in energy prices has also supported AUD/NZD, as Australian export prices for coal and natural gas rose significantly.

    AUD/NZD wasChangePeriod
    1.0626
    04 Jan 2022
    0.1% 2 Weeks
    1.0441
    20 Oct 2021
    1.6% 90 Days
    1.0800
    18 Jan 2021
    1.8% 1 Year
    1.0519
    19 Jan 2017
    0.9% 5 Years
    1.2993
    21 Jan 2012
    18.3% 10 Years
    1.2123
    23 Jan 2002
    12.5% 20 Years
    AUD/NZD change over periods to 18-Jan-2022

     

    Australian dollar to New Zealand dollar forecasts

    The spread of the Delta variant in Australia and Evergrande property debt crisis in China has forced investors to review commodity prices, further compounding AUD losses.

    The AUD/NZD rate jumped nearly a 1 percent on the detection of a single Covid case in New Zealand.

    The recent decision by the RBNZ to end its QE program, triggered a sharp drop in the AUD to NZD rate.

    Expected to rise to US75¢ by the end of 2022, however the Aussie dollar is forecast to have a volatile year against a range of currencies.

    AUD Outlook

    In mid-October the NZ dollar surged to US71¢ on the news from Statistics NZ that quarterly CPI rose 2.2 per cent and annual inflation accelerated to 4.9 per cent. The uptick in the NZD comes from expectations the RBNZ may raise interest rates more than and sooner than expected.

    NZD Outlook

     

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    Posted under: #Forecasts #AUD #NZD

    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.