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NZD to USD 2024 Forecasts

Analysis of recent Kiwi → Dollar forecasts for 2024. We collate forecasts from respected FX analysts together with the latest New Zealand dollar to US dollar performance and trends.

 

Forecasts for NZD to USD

 

According to recent forecasts and currency market updates, the New Zealand dollar (NZD) has faced downward pressure against the US dollar (USD) due to cautious market sentiment and declining risk appetite. The NZD saw losses against most major peers, slipping below US$0.61. Analysts attribute the NZD's underperformance in part to changing global rate expectations and falling commodity prices. Despite a strong labor market and potential interest rate increases, the NZD may continue to face downside pressure, fluctuating between 0.60 and 0.62 until there is more clarity on US rate cuts.

On the other hand, the USD has gained strength as investors reduced expectations for interest rate cuts by the Federal Reserve, particularly after a robust January jobs report. US economic performance has been resilient, with markets now eyeing a potential rate reduction in June. Given the correlation between the NZD and AUD with the USD, factors influencing the USD, such as inflation data and US rate decisions, will be crucial in shaping the direction of the NZD/USD exchange rate. Currently near 90-day lows around 0.5973, the NZD/USD pair remains below its 3-month average, indicating ongoing bearish sentiment toward the New Zealand dollar. FX analysts suggest monitoring US economic indicators and central bank policy updates for insights into future movements of the NZD/USD exchange rate.

 
@bestfxrates : NZD/USD slips below $0.61 as cautious sentiment prevails. Downward pressure persists, with NZD underperforming amid global rate shifts & commodity price drops. Despite strong labor data, outlook remains soft between $0.60-$0.62. USD strengthens, with eyes on June rate decisions. #NZDUSD hovers near 90-day lows (0.5973), reflecting bearish market view. Watch for US economic indicators & Fed moves for future rate cues. – FX Analysts

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NZD to USD Market Data

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

 
1 NZD =
0.5971We compare provider deals to this wholesale mid-market rate. Read more
USD
-0.5%
📉3M
NZD to USD is at 90-day lows near 0.5973, 2.6% below its 3-month average of 0.6136, having traded in a quite stable 6.0% range from 0.5973 to 0.6331
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Compare & Save - New Zealand dollar to US dollar

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

Use our NZD to USD 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 Dollar currency rates and the possible savings of using various providers.

 
DateNZD/USDChangePeriod
14 Mar 2024
0.6124
2.5% 2 Week
29 Dec 2023
0.6324
5.6% 3 Month
29 Mar 2023
0.6219
4% 1 Year
30 Mar 2019
0.6802
12.2% 5 Year
31 Mar 2014
0.8678
31.2% 10 Year
02 Apr 2004
0.6631
9.9% 20 Year
NZD/USD historic rates & change to 28-Mar-2024
 

Will the New Zealand dollar rise against the US dollar?

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.

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Read our Currency guide to the United States - a practical currency and money guide to travel, living and doing business in the United States with the US dollar.

 
 

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