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    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.

    Updated: Jun 21, 2022  
     

    1 AUD = 1.1421 NZD
    Sell AUD  →  Buy NZD
    AUD to NZD at 1.1432 is 2.6% above its 90-day average 1.1141 with range 1.0979-1.1455.
    |
      1 NZD = 0.8756 AUD
     
    1-DAY+0.5%
    90-DAYHIGH

    AUD/NZD Outlook

    The NZD has dropped back relative to AUD from 1.04 in late 2021 with AUD/NZD reaching 1.11 in June.

    The risk-off shift sparked by the Ukraine situation coupled with a hawkish Federal Reserve, seemingly impacting the Kiwi dollar more than the Aussie.

    DateAUD/NZDChangePeriod
    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
    AUD/NZD historic rates & change to 27-Sep-2022

     

    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.

     AUD Outlook


     

    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.

     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.