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NZ dollar NZD forecasts for 2020

NAB have revised upwards their NZ dollar forecasts now expecting the NZD at US68c by year-end.

Risks to the NZD forecasts come in the form of US-China trade tensions (New Zealand has very strong trade links with China) and any subsequent depreciation of the Chinese yuan because of NZD’s high correlations with Asian currencies.

National Australia Bank (NAB) have revised upwards their NZ dollar forecasts now expecting the NZD/USD rate at US73c by June 2022, up from their previous forecast of US71c. For 2020, it sees the NZD at US68c by year-end, up from a predicted US66c.

Although New Zealand has nearly eliminated COVID-19 and wound back restrictions, its international borders are likely to be closed until 2021. This means the economy will be slower to rebound as its reliance on tourism outweighs that of major counterparts. Despite the New Zealand economy’s reliance on tourism, the NZD has been well supported by positive risk sentiment, higher NZ–US short term yields and robust commodity prices.


NZD/EUR - 90 day trend
ALERTS:1-DAY0.7% | 60-DAY LOWS |
NZD to EUR at 0.5541 was trading 2.3% below AVG:0.5673 with LO:0.5486 and HI:0.5821 (90 days). ALERTS: Today NZD/EUR was DOWN 0.7% and also dropped to 60-DAY LOWS.

You can also read our full Foreign Exchange Guide to New Zealand.

NZD to AUD

Read more about FX Broker and Bank analysts’ predictions for AUD to NZD future trends in our blog article BER Review of AUD to NZD Broker & Bank Forecasts.


NZD/AUD - 90 day trend
ALERT:90-DAY LOWS |
NZD to AUD at 0.916 was trading 1.9% below AVG:0.9337 with LO:0.9159 and HI:0.9459 (90 days). ALERT: NZD/AUD dropped to 90-DAY LOWS.


What is a good NZD dollar exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate’s current relative value is to look at the rate’s history against a range of currencies and in particular against the currency you are interested in exchanging it with.

For example, the following tables look at the change in the NZD exchange rate to the present day for periods going back 10 years for popular SGD exchange rates.

NZD/USD rateChangePeriod
06 Aug 2020 : 0.66832% ▼1 Week
14 Jul 2020 : 0.65440.1% ▲30 Days
15 May 2020 : 0.593410.4% ▲90 Days
14 Aug 2019 : 0.64391.7% ▲1 Year
15 Aug 2015 : 0.65390.2% ▲5 Years
16 Aug 2010 : 0.70607.2% ▼10 Years

NZD/USD 10 year historic rates & change to 13-Aug-2020 : 0.6550

NZD/AUD rateChangePeriod
06 Aug 2020 : 0.92420.9% ▼1 Week
14 Jul 2020 : 0.93642.2% ▼30 Days
15 May 2020 : 0.92501% ▼90 Days
14 Aug 2019 : 0.95333.9% ▼1 Year
15 Aug 2015 : 0.88623.4% ▲5 Years
16 Aug 2010 : 0.788416.2% ▲10 Years

NZD/AUD 10 year historic rates & change to 13-Aug-2020 : 0.9159

NZD/GBP rateChangePeriod
06 Aug 2020 : 0.50871.4% ▼1 Week
14 Jul 2020 : 0.52063.7% ▼30 Days
15 May 2020 : 0.49022.3% ▲90 Days
14 Aug 2019 : 0.53396.1% ▼1 Year
15 Aug 2015 : 0.418020% ▲5 Years
16 Aug 2010 : 0.451311.1% ▲10 Years

NZD/GBP 10 year historic rates & change to 13-Aug-2020 : 0.5014

NZD/FJD rateChangePeriod
06 Aug 2020 : 1.41531% ▼1 Week
14 Jul 2020 : 1.41240.8% ▼30 Days
15 May 2020 : 1.33654.8% ▲90 Days
14 Aug 2019 : 1.40070% ▲1 Year
15 Aug 2015 : 1.38860.9% ▲5 Years
16 Aug 2010 : 1.38451.2% ▲10 Years

NZD/FJD 10 year historic rates & change to 13-Aug-2020 : 1.4009

Forecasts for the New Zealand dollar change all the time, affected by news events and relative sentiment towards the New Zealand economy. This continually updated article reviews the latest forecasts from banks and FX experts as well as news and recent movements of NZD in the currency markets.

 
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.