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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.
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The New Zealand dollar (NZD) has shown resilience recently, experiencing a rise alongside the Australian dollar despite the Reserve Bank of New Zealand’s (RBNZ) decision to cut interest rates. On Wednesday, the NZD strengthened even as investors navigated the implications of a 10% tariff imposed by U.S. President Donald Trump on imports from New Zealand. Analysts suggest that while such tariffs may dampen demand for key commodities that New Zealand exports, the market sentiment has momentarily buoyed the 'kiwi'.
Current trading highlights include the NZD/USD, which has reached 90-day highs near 0.5822, representing a 2.4% increase over its three-month average of 0.5683. This currency pair has traded in a stable range of 5.2% between 0.5534 and 0.5822, indicating strong upward momentum. This link is particularly notable as analysts point out that the NZD/USD pair and AUD/USD are highly correlated, often reacting similarly due to their geographic and economic ties.
BestExchangeRates.com keeps you up-to-date on New Zealand dollar forecasts by collating the views of reliable FX forecasters and economists together with recent NZD price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.
Recent popular articles from our research team
The Swiss franc has experienced a significant surge, reaching a decade-high against the U.S. dollar, following President Donald Trump's announcement of increased tariffs on Chinese imports. This development has intensified market volatility and heightened demand for safe-haven assets.
The Chinese yuan has weakened following the United States' decision to impose a 125% tariff on Chinese imports, prompting the People's Bank of China to intervene to stabilize the currency.
We compare the features, exchange rates and security of the three best multi-currency accounts available today — the Wise Account, the WorldFirst World Account, and the OFX Global Currency Account.
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