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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 New Zealand dollar usually moves with the Australian dollar, however, in August, it trailed its commodity currency peer. New Zealand consumer spending in the second quarter dropped by nearly 15%, a record decline and a sign of the damage lockdown measures have had on consumer spending. Although early indicators suggested a strong rebound through Q3, lockdowns in Auckland have added pressure on struggling economy and GDP estimates. In the past, the Kiwi has struggled to extend beyond 66 US cents. However, USD weakness and a surge in positive sentiment has helped fuel demand for risk assets and pulled the NZD higher. The Kiwi has the potential to extend gains and push toward 68 US cents in the coming weeks, closing in on the gap with the AUD. September Currency 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.

 

AUD/NZD Recent 90-Day Trend

AUD/NZD at 1.0736 is a little below its 90-DAY average, range 1.0571 - 1.1005 .
🔔 AUD/NZD is at 30-DAY LOWS.
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Alert:30-DAY LOWS |

You can read more about other AUD cross-rate forecasts here AUD Trends and Forecasts for 2020.

What is a good AUD to NZD exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the AUD to NZD exchange rate to the present day for periods going back upto 10 years:

 
AUD/NZD rateChangePeriod
18 Sep 2020 : 1.07820.4% ▼1 Week
26 Aug 2020 : 1.09271.8% ▼30 Days
27 Jun 2020 : 1.06820.5% ▲90 Days
26 Sep 2019 : 1.07240.1% ▲1 Year
27 Sep 2015 : 1.10052.5% ▼5 Years
28 Sep 2010 : 1.309418% ▼10 Years

AUD/NZD 10 year historic rates & change to 25-Sep-2020 : 1.0735

 
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.