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For over a decade BestExchangeRates.com has been a trusted voice in foreign exchange in New Zealand and globally.
BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.
We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.
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To offer an up-to-date and comprehensive outlook on currency trends, BestExchangeRates.com tracks and compiles data from a range of reputable FX analysts for our users tracking popular New Zealand dollar exchange rates. The reports and data we review covers various aspects of the foreign exchange market, such as economic indicators, geopolitical events, central bank policies, and technical analysis.
Here are some New Zealand dollar forecasts popular with our users in New Zealand:
The New Zealand dollar has been experiencing downward pressure due to a stronger US dollar and the economic impacts of natural disasters. With inflation and near-term rate hikes remaining primary drivers, the NZD is expected to face sustained downward pressure through March. Without a correction in the current narrative, key support points at US$0.6150 and US$0.61 are likely to be tested, and the NZD could trade between US$0.60 and US$0.64 in March. It is also worth noting that NZD/USD and AUD/USD are said to be correlated due to their geographical proximity and dependence on commodity markets, and often move in the same direction.
More analysis: Compare NZD/USD rates
According to recent FX analyst forecasts, the New Zealand dollar (NZD) has faced a reversal in fortunes through February due to a stronger US dollar and continued economic impacts from natural disasters. The NZD has given up its 6-month highs above US$0.65 and tumbled back below US$0.62. The narrative surrounding inflation and central bank policy expectations flipped through the latter half of the month and forced investors to re-adjust near-term expectations and NZD value. Without a correction in the current narrative, key support points at US$0.6150 and $US0.61 are likely to be tested, and the NZD could trade between US$0.60 and US$0.64 through March.
More analysis: Compare NZD/AUD rates
Here are our latest updated forecasts and currency outlooks:
Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.
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