AUD/NZD longterm 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.
AUD to NZD at 1.0533has fallen 1.6% below its 90-day average, range 1.0533-1.0815.
AUD/NZD – Against the Kiwi, the Aussie finished its trading session at 1.0557 on Friday. A week ago, the AUD/NZD pair closed at 1.0562. While there was little net-change between the week’s closings, the overall trading range was wide in choppy conditions. AUD/NZD hit a peak at 1.0660 (last Friday) and a low at 1.0546 (Monday).
Australian dollar to New Zealand dollar forecasts
The recent decision by the RBNZ to end its QE program, triggered a sharp drop in the AUD to NZD rate.
Until the recent Fed Reserve pivot, the Australian dollar had benefited from the US dollar sell-off since late last year as investors moved away from the safe haven of the USD and into riskier assets. AUD Forecasts
The Kiwi edged lower against the US Dollar to 0.6975 Friday close from 0.7002 a week ago. NZD Forecasts
What is a good AUD to NZD exchange rate?
Whether the Australian dollar will rise or drop in the future versus the NZ dollar is a difficult question and the answer really depends on many factors. The best way to consider the current AUD-NZD relative value is to check the change in the exchange over a range of periods to the present day. The below table does this for periods going back 10 years.
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