The NZD had a strong performance in November, up 6% against the USD and also enjoying strong gains against other major counterparts including EUR, AUD and JPY. A shift in risk demand could prompt a correction. NZD could trade between 0.69-0.74 depending on shifting risk sentiment. December Update
The NZD advance was driven by improved global optimism, strong domestic economic conditions, and a shift in monetary policy expectations. With improving business conditions, rising house prices and hopes of a recovery thanks to a vaccine, markets have moved away from an expectation the RBNZ will cut interest rates below 0% in the first quarter of 2021.
This correction has driven NZD gains against the AUD however the pace of further appreciation is expected by OFX to most likely slow through December.
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 saw the NZD at US68c by year-end, up from a predicted US66c however as mentioned above these forecasts have already been proven too conservative.
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.
NZDEUR at 0.5907 is 1.8% above its 90-DAY average , range 0.5565 -0.5943 .
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NZ Dollar to Euro Invert Rate
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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 .
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: Turkmenistani Manat TND : Tunisian Dinar TOP : Tongan Paanga TRY : Turkish Lira TTD : Trinidad and Tobago TWD : New Taiwan Dollar TZS : Tanzanian Shilling UAH : Ukrainian Hryvnia UGX : Ugandan Shilling USD : US Dollar UYU : Uruguayan Peso UZS : Uzbekistan Som VND : Vietnamese Dong VEF : Venezuelan bolívar VUV : Vanuatu Vatu WST : Samoan Tala XAF : Central African Fran XAU : Gold XAG : Silver XPD : Palladium XPT : Platinum XCD : East Caribbean Dolla XDR : Special Drawing Righ XOF : West African Franc XPF : CFP Franc XRP : Ripple YER : Yemeni Rial ZAR : South African Rand ZMW : Zambian Kwacha ZWL : Zimbabwean Dollar X : US dollar Index BTC : Bitcoin ETH : Ethereum XRP : Ripple USD : United States Dollar CAD : Canadian Dollar GBP : Pound Sterling EUR : Euro AUD : Australian Dollar BRL : Brazilian Real CLP : Chilean Peso INR : Indian Rupee JPY : Japanese Yen MXN : Mexican Peso NZD : New Zealand Dollar SGD : Singapore Dollar AED : United Arab Emirates AFN : Afghan Afghani ALL : Albanian Lek AMD : Armenian Dram ANG : Netherlands Antillea AOA : Angolan Kwanza ARS : Argentine Peso AUD : Australian Dollar AWG : Aruban Florin AZN : Azerbaijani Manat BAM : Bosnia-Herzegovina C BBD : Barbadian Dollar BDT : Bangladeshi Taka BGN : Bulgarian Lev BHD : Bahraini Dinar BIF : Burundian Franc BMD : Bermudan Dollar BND : Brunei Dollar BOB : Bolivian Boliviano BRL : Brazilian Real BSD : Bahamian Dollar BTC : Bitcoin BTN : Bhutanese Ngultrum BWP : Botswanan Pula BZD : Belize Dollar CAD : Canadian Dollar CDF : Congolese Franc CHF : Swiss Franc CLP : Chilean Peso CNY : Chinese Yuan COP : Colombian Peso CUP : Cuban Peso CVE : Cape Verdean Escudo CZK : Czech Republic Korun DJF : Djiboutian Franc DKK : Danish Krone DOP : Dominican Peso DZD : Algerian Dinar EGP : Egyptian Pound ETB : Ethiopian Birr ETH : Etherium EUR : Euro FJD : Fijian Dollar FKP : Falkland Islands Pou GBP : Pound Sterling GEL : Georgian Lari GHS : Ghanaian Cedi GIP : Gibraltar Pound GMD : Gambian Dalasi GNF : Guinean Franc GTQ : Guatemalan Quetzal GYD : Guyanaese Dollar HKD : Hong Kong Dollar HNL : Honduran Lempira HRK : Croatian Kuna HTG : Haitian Gourde HUF : Hungarian Forint IDR : Indonesian Rupiah ILS : Israeli New Sheqel INR : Indian Rupee IQD : Iraqi Dinar IRR : Iranian Rial ISK : Icelandic Krona JMD : Jamaican Dollar JOD : Jordanian Dinar JPY : Japanese Yen KES : Kenyan Shilling KGS : Kyrgystani Som KHR : Cambodian Riel KMF : Comorian Franc KPW : North Korean Won KRW : South Korean Won KWD : Kuwaiti Dinar KYD : Cayman Islands Dolla KZT : Kazakhstani Tenge LAK : Laotian Kip LBP : Lebanese Pound LKR : Sri Lankan Rupee LRD : Liberian Dollar LSL : Lesotho Loti LYD : Libyan Dinar MAD : Moroccan Dirham MDL : Moldovan Leu MGA : Malagasy Ariary MKD : Macedonian Denar MMK : Myanma Kyat MNT : Mongolian Tugrik MOP : Macanese Pataca MRO : Mauritanian Ouguiya MUR : Mauritian Rupee MVR : Maldivian Rufiyaa MWK : Malawian Kwacha MXN : Mexican Peso MYR : Malaysian Ringgit MZN : Mozambican Metical NAD : Namibian Dollar NGN : Nigerian Naira NOK : Norwegian Krone NPR : Nepalese Rupee NZD : NZ Dollar OMR : Omani Rial PAB : Panamanian Balboa PEN : Peruvian Nuevo Sol PGK : Papua New Guinean Ki PHP : Philippine Peso PKR : Pakistani Rupee PLN : Polish Zloty PYG : Paraguayan Guarani QAR : Qatari Rial RON : Romanian Leu RSD : Serbian Dinar RUB : Russian Ruble RWF : Rwandan Franc SAR : Saudi Riyal SBD : Solomon Islands Doll SCR : Seychellois Rupee SDG : Sudanese Pound SEK : Swedish Krona SGD : Singapore Dollar SHP : Saint Helena Pound SLL : Sierra Leonean Leone SOS : Somali Shilling SRD : Surinnse Dollar SYP : Syrian Pound SZL : Swazi Lilangeni THB : Thai Baht TJS : Tajikistani Somoni TMT : Turkmenistani Manat TND : Tunisian Dinar TOP : Tongan Paanga TRY : Turkish Lira TTD : Trinidad and Tobago TWD : New Taiwan Dollar TZS : Tanzanian Shilling UAH : Ukrainian Hryvnia UGX : Ugandan Shilling USD : US Dollar UYU : Uruguayan Peso UZS : Uzbekistan Som VND : Vietnamese Dong VEF : Venezuelan bolívar VUV : Vanuatu Vatu WST : Samoan Tala XAF : Central African Fran XAU : Gold XAG : Silver XPD : Palladium XPT : Platinum XCD : East Caribbean Dolla XDR : Special Drawing Righ XOF : West African Franc XPF : CFP Franc XRP : Ripple YER : Yemeni Rial ZAR : South African Rand ZMW : Zambian Kwacha ZWL : Zimbabwean Dollar X : US dollar Index BTC : Bitcoin ETH : Ethereum XRP : Ripple
NZDAUD at 0.9273 is 1.3% below its 90-DAY average , range 0.9205 -0.9583 .
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NZ Dollar to Australian Dollar Invert Rate
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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 Change Period 0.7266
07 Jan 2021
0.6% ▼ 1 Week 0.7087
15 Dec 2020
1.9% ▲ 30 Days 0.6607
16 Oct 2020
9.3% ▲ 90 Days 0.6619
15 Jan 2020
9.1% ▲ 1 Year 0.6465
16 Jan 2016
11.7% ▲ 5 Years 0.7722
17 Jan 2011
6.5% ▼ 10 Years
NZD/USD 10 year historic rates & change to 14-Jan-2021 : 0.7222
NZD/AUD Change Period 0.9354
07 Jan 2021
0.8% ▼ 1 Week 0.9377
15 Dec 2020
1% ▼ 30 Days 0.9330
16 Oct 2020
0.5% ▼ 90 Days 0.9582
15 Jan 2020
3.1% ▼ 1 Year 0.9422
16 Jan 2016
1.5% ▼ 5 Years 0.7770
17 Jan 2011
19.5% ▲ 10 Years
NZD/AUD 10 year historic rates & change to 14-Jan-2021 : 0.9283
NZD/GBP Change Period 0.5354
07 Jan 2021
1.4% ▼ 1 Week 0.5270
15 Dec 2020
0.1% ▲ 30 Days 0.5115
16 Oct 2020
3.2% ▲ 90 Days 0.5076
15 Jan 2020
4% ▲ 1 Year 0.4534
16 Jan 2016
16.4% ▲ 5 Years 0.4856
17 Jan 2011
8.7% ▲ 10 Years
NZD/GBP 10 year historic rates & change to 14-Jan-2021 : 0.5277
NZD/FJD Change Period 1.4750
07 Jan 2021
0.5% ▼ 1 Week 1.4583
15 Dec 2020
0.6% ▲ 30 Days 1.4145
16 Oct 2020
3.8% ▲ 90 Days 1.4324
15 Jan 2020
2.5% ▲ 1 Year 1.3934
16 Jan 2016
5.3% ▲ 5 Years 1.4066
17 Jan 2011
4.3% ▲ 10 Years
NZD/FJD 10 year historic rates & change to 14-Jan-2021 : 1.4677
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.