NZ dollar NZD forecasts 2021

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Bullish NZ dollar forecasts were all surpassed last year with the NZD hitting US71c by year-end. So far in 2021 the kiwi has traded in a band between US71c and US72c.

Forecasts Updated: Jul 27, 2021

NZD/USD – The Kiwi edged lower against the US Dollar to 0.6975 Friday close from 0.7002 a week ago. Broad based US Dollar strength provided a headwind for NZD/USD. The Kiwi had a choppy week, trading between a low of 0.6881 (Wednesday) and 0.7004 (Tuesday).

1 NZD = 0.6974 USD

NZD to USD at 0.6974 has fallen 1.8% below its 90-day average, range 0.6919-0.7295.

30-JUL 6PM-NY 11PM-LON 31-JUL 6AM-HK 8AM-SYD

1-DAY▲+0.6%

14-DAY▲HIGH1d

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The kiwi dollar rose sharply in late May after the NZ Reserve Bank left the official cash rate unchanged but forecast it will begin hiking rates in the second half of next year.

The RBNZ sees inflation reaching 2.6 per cent in the second quarter of this year.

In the current low-yield environment, this helped lift the NZD to three-month highs. Attentions now turn to any signal that the RBNZ will continue to lead major central banks in tapering accommodative monetary policy.

NAB’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

The recent decision by the RBNZ to end its QE program, triggered a sharp drop in the AUD to NZD rate. AUD-NZD Forecasts

1 NZD = 0.9494 AUD

NZD to AUD at 0.9494 has risen 1.6% above its 90-day average, range 0.9247-0.9494.

30-JUL 6PM-NY 11PM-LON 31-JUL 6AM-HK 8AM-SYD

1-DAY▲+0.6%

90-DAY▲HIGH

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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
23 Jul 2021 → 0.6972	0% ▲	1 Week
30 Jun 2021 → 0.6996	0.3% ▼	30 Days
01 May 2021 → 0.7162	2.6% ▼	90 Days
30 Jul 2020 → 0.6695	4.2% ▲	1 Year
31 Jul 2016 → 0.7198	3.1% ▼	5 Years
02 Aug 2011 → 0.8691	19.8% ▼	10 Years

NZD/USD rate change to 30-Jul-2021 → 0.6974

NZD/AUD	Change	Period
23 Jul 2021 → 0.9464	0.3% ▲	1 Week
30 Jun 2021 → 0.9331	1.7% ▲	30 Days
01 May 2021 → 0.9281	2.3% ▲	90 Days
30 Jul 2020 → 0.9296	2.1% ▲	1 Year
31 Jul 2016 → 0.9478	0.2% ▲	5 Years
02 Aug 2011 → 0.8029	18.2% ▲	10 Years

NZD/AUD rate change to 30-Jul-2021 → 0.9494

NZD/GBP	Change	Period
23 Jul 2021 → 0.5069	1% ▼	1 Week
30 Jun 2021 → 0.5059	0.8% ▼	30 Days
01 May 2021 → 0.5183	3.2% ▼	90 Days
30 Jul 2020 → 0.5105	1.7% ▼	1 Year
31 Jul 2016 → 0.5449	7.9% ▼	5 Years
02 Aug 2011 → 0.5339	6% ▼	10 Years

NZD/GBP rate change to 30-Jul-2021 → 0.5016

NZD/FJD	Change	Period
23 Jul 2021 → 1.4572	0.2% ▼	1 Week
30 Jun 2021 → 1.4484	0.4% ▲	30 Days
01 May 2021 → 1.4525	0.1% ▲	90 Days
30 Jul 2020 → 1.4203	2.3% ▲	1 Year
31 Jul 2016 → 1.4876	2.3% ▼	5 Years
02 Aug 2011 → 1.4952	2.8% ▼	10 Years

NZD/FJD rate change to 30-Jul-2021 → 1.4536

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.

Rate Forecasts

Disclaimer: Please note that the currency forecasts and opinions of our authors should not be taken as a reference to buy or sell any financial product.