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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.


 

NZDEUR Trend & Alerts

NZDEUR at 0.5643 is near its 90-DAY average, range 0.551-0.5762.
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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.


 

NZDAUD Trend & Alerts

NZDAUD at 0.9377 is 1.5% above its 90-DAY average, range 0.9086-0.9381.
🔔 NZDAUD is at 90-DAY HIGHS.
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Alert:90-DAY HIGHS |


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
16 Oct 2020 : 0.66071.3% ▲1 Week
23 Sep 2020 : 0.65432.3% ▲30 Days
25 Jul 2020 : 0.66470.7% ▲90 Days
24 Oct 2019 : 0.63785% ▲1 Year
25 Oct 2015 : 0.67520.8% ▼5 Years
26 Oct 2010 : 0.749510.7% ▼10 Years

NZD/USD 10 year historic rates & change to 23-Oct-2020 : 0.6695

NZD/AUD rateChangePeriod
16 Oct 2020 : 0.93300.5% ▲1 Week
23 Sep 2020 : 0.92611.3% ▲30 Days
25 Jul 2020 : 0.93550.2% ▲90 Days
24 Oct 2019 : 0.93570.2% ▲1 Year
25 Oct 2015 : 0.93550.2% ▲5 Years
26 Oct 2010 : 0.760623.3% ▲10 Years

NZD/AUD 10 year historic rates & change to 23-Oct-2020 : 0.9377

NZD/GBP rateChangePeriod
16 Oct 2020 : 0.51150.4% ▲1 Week
23 Sep 2020 : 0.51460.3% ▼30 Days
25 Jul 2020 : 0.51961.2% ▼90 Days
24 Oct 2019 : 0.49683.3% ▲1 Year
25 Oct 2015 : 0.440916.4% ▲5 Years
26 Oct 2010 : 0.47268.6% ▲10 Years

NZD/GBP 10 year historic rates & change to 23-Oct-2020 : 0.5133

NZD/FJD rateChangePeriod
16 Oct 2020 : 1.41450.9% ▲1 Week
23 Sep 2020 : 1.40311.7% ▲30 Days
25 Jul 2020 : 1.41640.8% ▲90 Days
24 Oct 2019 : 1.39562.3% ▲1 Year
25 Oct 2015 : 1.43430.5% ▼5 Years
26 Oct 2010 : 1.38293.2% ▲10 Years

NZD/FJD 10 year historic rates & change to 23-Oct-2020 : 1.4276

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.