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 |
|---|---|---|
0.6961 04 Oct 2021 | 1.8% ▲ | 2 Weeks |
0.6922 20 Jul 2021 | 2.4% ▲ | 90 Days |
0.6617 18 Oct 2020 | 7.1% ▲ | 1 Year |
0.7235 19 Oct 2016 | 2% ▼ | 5 Years |
0.8004 21 Oct 2011 | 11.5% ▼ | 10 Years |
0.4177 23 Oct 2001 | 69.7% ▲ | 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 0.9558 is near its 90-day average, range 0.9429-0.9697. NZD/AUD Rates
NZD to GBP at 0.5175 has risen 1.6% above its 90-day average, range 0.5003-0.5175. NZD/GBP Rates
NZD to FJD at 1.4849 has risen 1.3% above its 90-day average, range 1.4396-1.4898. 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.