The NZD to XPF exchange rate has recently shown mixed movements, influenced by various economic developments in New Zealand and New Caledonia. Recent card spending figures from New Zealand were disappointing, leading to an initial retreat in the NZD; however, a rebound occurred as risk appetite improved in the market, supported by better-than-expected manufacturing PMI figures.
Analysts have noted several critical factors impacting the New Zealand dollar recently. The unemployment rate rose to 5.3% in Q3 2025, the highest level since 2016, which raises concerns about the labor market and overall economic health. Additionally, the Reserve Bank of New Zealand's decision to implement a surprise 50-basis-point cut to the official cash rate, now at 2.5%, illustrates heightened concerns regarding economic growth amid a reported contraction of 0.9% in Q2 2025. Inflation is also at risk, having reached 3% in Q3 2025, indicating potential pressures on consumer prices.
In terms of the CFP Franc (XPF), the currency experienced a slight decline, with the USD/XPF exchange rate recently at 103.1440. While the XPF has depreciated by 0.36% over the past month, it has appreciated 7.72% over the last year. New Caledonia maintains a steady interest rate of 2.00%, and recent inflation data shows a decrease to 0.30% in September, reflecting a period of relative stability in the XPF.
Looking at the recent exchange rate data, the NZD to XPF is currently experiencing a robust phase, trading near 58.33, which is 1.8% less than its three-month average of 59.37. The pair has remained within a stable range of 58.01 to 60.78 over this period. Forecasters suggest that future movements may depend on ongoing developments in both local economies and prevailing global market trends.
Overall, while the New Zealand dollar faces challenges amid domestic economic indicators, the XPF remains relatively stable, influenced by consistent policy measures in New Caledonia. As always, fluctuations in the exchange rates can present both risks and opportunities for individuals and businesses engaging in international transactions.
