Bullish NZ dollar forecasts have all been surpassed with the NZD hitting US71c at year-end.
National Australia Bank’s forecast for NZD/USD is for the kiwi to rise to 0.76 by the end of the year against the greenback.
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.
NZD to AUD
National Australia Bank (NAB) have revised upwards their Aussie/Kiwi dollar forecasts now expecting the AUD/NZD rate at NZ$1.09 by June 2021, up from their previous forecast of NZ$1.06. AUD-NZD Forecasts
What is a good NZD dollar exchange rate?
Whether the NZ dollar will rise or drop in the future 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 | Change | Period |
|---|---|---|
| 0.7037 09 Apr 2021 | 1.5% ▲ | 1 Week |
| 0.7252 17 Mar 2021 | 1.5% ▼ | 30 Days |
| 0.7141 16 Jan 2021 | 0% ▲ | 90 Days |
| 0.5999 16 Apr 2020 | 19.1% ▲ | 1 Year |
| 0.6895 17 Apr 2016 | 3.6% ▲ | 5 Years |
| 0.7877 19 Apr 2011 | 9.3% ▼ | 10 Years |
NZD/USD 10 year historic rates & change to 16-Apr-2021 : 0.7144
| NZD/AUD | Change | Period |
|---|---|---|
| 0.9230 09 Apr 2021 | 0% ▲ | 1 Week |
| 0.9280 17 Mar 2021 | 0.5% ▼ | 30 Days |
| 0.9270 16 Jan 2021 | 0.4% ▼ | 90 Days |
| 0.9434 16 Apr 2020 | 2.2% ▼ | 1 Year |
| 0.8997 17 Apr 2016 | 2.6% ▲ | 5 Years |
| 0.7495 19 Apr 2011 | 23.2% ▲ | 10 Years |
NZD/AUD 10 year historic rates & change to 16-Apr-2021 : 0.9231
| NZD/GBP | Change | Period |
|---|---|---|
| 0.5133 09 Apr 2021 | 0.6% ▲ | 1 Week |
| 0.5189 17 Mar 2021 | 0.5% ▼ | 30 Days |
| 0.5255 16 Jan 2021 | 1.7% ▼ | 90 Days |
| 0.4804 16 Apr 2020 | 7.5% ▲ | 1 Year |
| 0.4863 17 Apr 2016 | 6.2% ▲ | 5 Years |
| 0.4831 19 Apr 2011 | 6.9% ▲ | 10 Years |
NZD/GBP 10 year historic rates & change to 16-Apr-2021 : 0.5164
| NZD/FJD | Change | Period |
|---|---|---|
| 1.4488 09 Apr 2021 | 1.2% ▲ | 1 Week |
| 1.4747 17 Mar 2021 | 0.5% ▼ | 30 Days |
| 1.4496 16 Jan 2021 | 1.2% ▲ | 90 Days |
| 1.3642 16 Apr 2020 | 7.5% ▲ | 1 Year |
| 1.4248 17 Apr 2016 | 3% ▲ | 5 Years |
| 1.4050 19 Apr 2011 | 4.4% ▲ | 10 Years |
NZD/FJD 10 year historic rates & change to 16-Apr-2021 : 1.4669
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.
You can also read our full Foreign Exchange Guide to New Zealand.
