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AUD to NZD Forecasts

AUD/NZD 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.

Australian dollar to New Zealand dollar forecasts

The AUD might break through recent resistance around 0.7340 over the next weeks. A clearcut Biden win and further positive COVID-19 vaccine news could help drive the AUD towards new highs closer to 0.74 US cents. The NZD followed a similar pattern to the AUD after the US election, benefiting from increased market appetite for risk and breaking through 0.68 US cents to mark fresh 20-month highs. The NZD also outperformed against other counterparts, surging nearly 3% against the yen, while testing new highs against the euro and GBP. The currency remains trading against AUD within the 0.93 and 0.95 mediumterm range.
November Update

National Australia Bank (NAB) have revised upwards their Aussie/Kiwi dollar forecasts now expecting the AUD/NZD rate at NZ$1.09 by June 2022, up from their previous forecast of NZ$1.06.

For 2020, NAB sees the Australian dollar at NZ$1.09 by year-end, down a little from the previous predicted NZ$1.10.

 

AUDNZD Trend & Alerts

AUDNZD at 1.0832 is 1.7% above its 90-DAY average, range 1.0435-1.0863.
🔔 AUDNZD is at 14-DAY HIGHS.
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Alert:14-DAY HIGHS |
Australian Dollar to NZ Dollar
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You can read more about other AUD cross-rate forecasts here AUD Trends and Forecasts for 2020.

 

AUD to NZD Exchange Rates – Compare and Save

 

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.

AUD/NZDChangePeriod
1.0756
12 Jan 2021
0.5% ▲1 Week
1.0681
20 Dec 2020
1.2% ▲30 Days
1.0691
21 Oct 2020
1.1% ▲90 Days
1.0406
20 Jan 2020
3.9% ▲1 Year
1.0726
21 Jan 2016
0.8% ▲5 Years
1.3043
22 Jan 2011
17.1% ▼10 Years

AUD/NZD 10 year historic rates & change to 19-Jan-2021 : 1.0813

 
Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.