New Zealand dollar (NZD) Forecasts
Divergent expectations for inflation and interest rates between the New Zealand and the US have been pushing down the NZ dollar this year.
BER ResearchKiwi dollar Outlook
The New Zealand dollar weakened 10 percent as a result of the risk-off trade encouraged by the Ukraine situation and a hawkish Federal Reserve. The NZD dollar has fallen as investors head for safer assets.
| Date | NZD/USD | Change | Period |
|---|---|---|---|
13 Sep 2022 | 0.6002 | 6% ▼ | 2 Week |
29 Jun 2022 | 0.6223 | 9.4% ▼ | 3 Month |
27 Sep 2021 | 0.7007 | 19.5% ▼ | 1 Year |
28 Sep 2017 | 0.7222 | 21.9% ▼ | 5 Year |
29 Sep 2012 | 0.8302 | 32.1% ▼ | 10 Year |
02 Oct 2002 | 0.4742 | 18.9% ▲ | 20 Year |
Factors that affect NZD exchange rates
New Zealand will reopen its border to the world in April and will end the “fortress” settings that kept Covid-19 out for much of the pandemic.
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.
NZD to AUD at 0.8761 is 2.4% below its 90-day average 0.8977 with range 0.8730-0.9108. NZD/AUD Rates
NZD to GBP at 0.5236 is just above its 90-day average 0.5214 with range 0.5124-0.5318. NZD/GBP Rates
NZD to FJD at 1.2948 is 5.0% below its 90-day average 1.3631 with range 1.2910-1.4084. NZD/FJD Rates
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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.
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Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.