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
Despite a stable trading range for the AUD to NZD exchange rate around 1.0735, recent forecasts and market updates suggest differing outlooks for both currencies. The Australian Dollar (AUD) has struggled due to changing global rate expectations and declining commodity prices, leading to pressure amid an uncertain economic outlook. FX analysts anticipate the AUD to face continued challenges and likely fluctuate between 0.64 and 0.66 until a clearer path to US rate cuts emerges. Factors such as domestic data, global growth prospects, and US economic indicators will be crucial in shaping the direction of the AUD in the near term.
On the other hand, the New Zealand Dollar (NZD) has also underperformed against the USD and other major currencies due to similar global rate expectation shifts and falling commodity prices. While the NZD may face near-term downside pressure and fluctuate between 0.60 and 0.62, the currency has been supported by sustained labor strength and potential interest rate hikes, which could drive future gains. Analysts suggest that domestic data and global rate developments will be key in determining the trajectory of the NZD, with a focus on US economic indicators to gauge the timing and impact of any Federal Reserve policy changes.
@bestfxrates : AUD/NZD remains steady at 1.0735, but FX analysts forecast volatility ahead. Struggles for AUD may continue with global rate shifts & commodity dips, ranging between 0.64-0.66. NZD also faces pressure but supported by labor market, potential rate hikes. Both currencies' fates tied to US policy moves. #AUDNZD #ForexUpdate #CurrencyTrends
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Compare & Save - Australian dollar to New Zealand dollar
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Date
AUD/NZD
Change
Period
04 Mar 2024
1.0676
1% ▲
2 Week
19 Dec 2023
1.0786
0% ▼
3 Month
19 Mar 2023
1.0702
0.8% ▲
1 Year
20 Mar 2019
1.0312
4.6% ▲
5 Year
21 Mar 2014
1.0641
1.3% ▲
10 Year
23 Mar 2004
1.1384
5.3% ▼
20 Year
AUD/NZD historic rates & change to 18-Mar-2024
Will the Australian dollar rise against the New Zealand dollar?
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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