NZ dollar NZD forecasts 2021
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.
BER ResearchKiwi dollar Outlook
In mid-October the NZ dollar surged to US71¢ on the news from Statistics NZ that quarterly CPI rose 2.2 per cent and annual inflation accelerated to 4.9 per cent. The uptick in the NZD comes from expectations the RBNZ may raise interest rates more than and sooner than expected.
| NZD/USD was | Change | Period |
|---|---|---|
0.6813 04 Jan 2022 | 0.7% ▼ | 2 Weeks |
0.7198 20 Oct 2021 | 6% ▼ | 90 Days |
0.7115 18 Jan 2021 | 4.9% ▼ | 1 Year |
0.7192 19 Jan 2017 | 5.9% ▼ | 5 Years |
0.8045 21 Jan 2012 | 15.9% ▼ | 10 Years |
0.4284 23 Jan 2002 | 58% ▲ | 20 Years |
NZ Dollar – Market News
The Reserve Bank of New Zealand’s anticipated August rate hike was deferred on the early detection of a Delta variant outbreak.
This, as well as rising US inflation predictions, has added downward pressure on the NZD through to October, with the currency touching YTD lows nearing 0.68 against USD.
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.
NZD to AUD at 0.9422 has fallen 1.1% below average of its 90-day range 0.9402-0.9685. NZD/AUD Rates
NZD to GBP at 0.4978 has fallen 2.9% below average of its 90-day range 0.4977-0.5283. NZD/GBP Rates
NZD to FJD at 1.4416 has fallen 1.2% below average of its 90-day range 1.4348-1.4935. 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.