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CAD to NZD Forecasts – Canadian dollar to New Zealand dollar

Latest CAD to NZD forecasts including bank predictions, key market drivers and recent trends for CAD/NZD. See where analysts expect the pair to move and the factors likely to influence it.

 

CAD to NZD Forecast & Outlook

21 Mar 2026 • 00:36 GMT

CAD/NZD 1.2473

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 1.2440 – 1.2670
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

Currently, CAD/NZD is trading close to its recent highs, holding near 1.2473 within a stable recent range. The dominant driver remains risk-off sentiment, supported by global risk aversion and NZD’s vulnerability to risk flows. Near-term conditions may remain sensitive to shifts in global risk appetite and could face downward pressure if risk-off flows intensify.

💸 Transfer implications

  • Expats: sending money to New Zealand Dollar (NZD) may find conditions slightly less favourable than recent levels.
  • Travellers: buying NZD for cash or currency cards may see margins become marginally less advantageous.
  • Businesses: paying NZD invoices using CAD might encounter a weaker exchange rate, making conversions slightly more expensive.

🧭 Key drivers

  • Rate gap: The rate remains near its 3-month average, indicating no clear policy-driven change between the currencies.
  • Risk/commodities: Global risk-off flows continue to pressure risk-sensitive currencies, including NZD and CAD.
  • Global factors: Widespread risk aversion dominates, supported by cautious global macro conditions.

⚠️ What could change it

  • Upside risk: A recovery in global risk sentiment could support risk-sensitive FX, improving the pair.
  • Downside risk: Deepening risk aversion or adverse global macro data could weigh further on CAD/NZD.

BER suggests shopping around for the lowest margin provider may help reduce overall transfer costs. Comparing FX providers could offset less favourable exchange conditions and lower total transfer costs.

CAD-NZD Rate Calculator

 
 
   
   
   
   
   
 
   
 
 

CAD to NZD Market Data

Canadian dollar (CAD) to New Zealand dollar (NZD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell CAD   →   Buy NZD
1 CAD =
1.2472We compare provider deals to this wholesale mid-market rate. Read more
NZD
1d+0.7%▲
 
CAD to NZD at 1.2473 is just 0.7% above its 3-month average of 1.2383, having traded in a quite stable 4.6% range from 1.2111 to 1.2665
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  1 NZD = 0.8018 CAD

Compare & Save - Canadian dollar to New Zealand dollar

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to New Zealand dollar (NZD) rates from different sources before making a conversion.

Use our CAD to NZD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Loonie to Kiwi currency rates and the possible savings of using various providers.

 
 

Will the Canadian dollar rise against the New Zealand dollar?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Canadian dollar vs New Zealand dollar current value is to look the CAD/NZD historic rate and change over a range of periods.

The following table looks at the change in the CAD to NZD exchange rate over periods from the previous week back to the last 10 years.

DateCAD/NZDChangePeriod
06 Mar 2026
1.2486
0.9% ▼2 Week
20 Dec 2025
1.2595
1.7% ▼3 Month
20 Mar 2025
1.2117
2.2% ▲1 Year
21 Mar 2021
1.1164
10.9% ▲5 Year
22 Mar 2016
1.1356
9% ▲10 Year
25 Mar 2006
1.4027
11.7% ▼20 Year
CAD/NZD historic rates & change to 20-Mar-2026

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add CAD/NZD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

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