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NZD to AUD Forecasts – New Zealand dollar to Australian dollar

Latest NZD to AUD forecasts including bank predictions, key market drivers and recent trends for NZD/AUD. See where analysts expect the pair to move and the factors likely to influence it.

 

NZD to AUD Forecast & Outlook

21 Jul 2026 • 00:26 GMT

NZD/AUD 0.8360

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 0.8230 – 0.8370
  • Dominant driver: ⚖️ Interest-rate differentials
  • 3-month trend: 🟢 Uptrend

Currently, NZD/AUD is trading close to the range highs, supported by the rate differential and trading near its 90-day average. The pair remains supported by NZD’s attractive rate outlook, despite risk-off conditions pushing safe havens. Near-term conditions suggest the pair may continue to face downward pressure if risk sentiment sharpens, keeping the pair subdued within its recent range.

💸 Transfer implications

  • Expats: sending money to Australia may find conditions slightly less favourable for receiving more AUD.
  • Travellers: buying AUD cash might encounter marginally higher costs compared to recent levels.
  • Businesses: paying AUD invoices with NZD could see less advantageous exchange rates in the short term.

🧭 Key drivers

  • Rate gap: NZD supportive due to RBNZ's aggressive rate hikes and strong growth data, widening the yield advantage over Australia.
  • Risk/commodities: Sentiment remains risk-off, pressuring risk-sensitive currencies like NZD and AUD.
  • Global factors: Persistent geopolitical tensions keep safe-haven currencies supported and risk assets pressured.

⚠️ What could change it

  • Upside risk: A shift toward risk-on sentiment could reduce safe-haven demand, easing pressure on NZD.
  • Downside risk: Further sharp risk-off moves or escalation in geopolitical tensions might intensify downside pressure.

BER suggests shopping around for the lowest margin provider to help offset less favourable exchange conditions. Comparing FX providers may help to reduce overall transfer costs.

 

AUDNZD Bank Forecasts to end of the year

The long-term outlook for AUDNZD is mixed, with forecasts suggesting some stability but with differing views on end-of-year targets. Bank of America anticipates AUDNZD rising to 1.20 by mid-2026, indicating an upward trend largely due to expected NZD weakness and rate differentials. Meanwhile, UBS has a more conservative outlook, setting its year-end target at 1.1400. NAB further expects a gradual easing in the pair towards 1.13-1.11 by the end of 2026.

Big bank views

  • Bank of America expects AUDNZD to reach 1.20 by mid-2026, driven by NZD downside risks.
  • UBS targets 1.1400 for end-2025, highlighting stronger AUD fundamentals.
  • NAB forecasts a gradual decline to 1.13-1.11 by end-2026, implying slight easing.

What could change the outlook

  • Further changes in interest rate policies between the RBA and RBNZ could alter the projected rate differentials.
  • Shifts in global economic conditions impacting commodity prices and trade balances may influence AUD and NZD strength.
 

NZD-AUD Rate Calculator

 
 
   
   
   
   
   
 
 

NZD to AUD Market Data

New Zealand dollar (NZD) to Australian dollar (AUD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell NZD   →   Buy AUD
1 NZD =
0.8335We compare provider deals to this wholesale mid-market rate. Read more
AUD
1d−0.2%▼
90dHighs◓
NZD to AUD at 0.8360 is 1.5% above its 3-month average of 0.8238, having traded in a very stable 2.8% range from 0.8143 to 0.8373
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  1 AUD = 1.1998 NZD

Compare & Save - New Zealand dollar to Australian dollar

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare New Zealand dollar (NZD) to Australian dollar (AUD) rates from different sources before making a conversion.

Use our NZD to AUD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Kiwi to Aussie currency rates and the possible savings of using various providers.

 
 

Will the New Zealand dollar rise against the Australian dollar?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the New Zealand dollar vs Australian dollar current value is to look the NZD/AUD historic rate and change over a range of periods.

The following table looks at the change in the NZD to AUD exchange rate over periods from the previous week back to the last 10 years.

DateNZD/AUDChangePeriod
07 Jul 2026
0.8199
2.1% ▲2 Week
22 Apr 2026
0.8250
1.5% ▲3 Month
21 Jul 2025
0.9144
8.5% ▼1 Year
22 Jul 2021
0.9458
11.5% ▼5 Year
23 Jul 2016
0.9366
10.6% ▼10 Year
26 Jul 2006
0.8213
1.9% ▲20 Year
NZD/AUD historic rates & change to 21-Jul-2026

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add NZD/AUD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more