This is the current AUD-NZD mid-market exchange rate. The Total Cost of buying foreign currency in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market AUD-NZD exchange rate.
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the AUD vs NZD, you should pay attention to both Australian Dollar and New Zealand Dollar news and forecasts.
11-January-19: The Australian dollar recovered strongly following a "flash crash" in early January which saw it briefly trade at a 10-year low of 67.4 US cents.
By the time of this report, AUD/USD was back above $0.72 and roughly in line with December’s median exchange rate. The Aussie was similarly strong against other major currencies following its mini crash.
At current levels the Aussie “is very undervalued” versus the US dollar, a CIBC analyst said in late December; it was his “best bet” for 2019. The analyst’s view was based upon there being a positive resolution to the US-China trade spat. In the second half of 2019, the Aussie could be quoted as high as $0.78, the analyst said — 8 percent higher than rates at the time of writing.
For AUD/NZD, TD Securities expects near-term appreciation from NZ$1.05 to NZ$1.1.
Against other major currencies, the Aussie’s outlook is less optimistic. In recent months, investors have become increasingly certain that no increase to Australian interest rates will be seen until 2020. Inaction on interest rates will force capital away from Australia and towards countries where rates are higher or are expected to increase.
22-December-18: Of late, the 2019 outlook for the New Zealand dollar has taken a turn for the worse. Late in 2018, traders began to speculate that the next move by the RBNZ (probably still a year away or more) might be a rate cut, rather than a hike. A slowdown in global growth was expected and traders sought safer currencies amid a 20 percent October-December fall in US equity markets. December’s NZ GDP report also came in way below economists’ expectations.
In the weeks leading up to this report, the kiwi lost close to 4 percent of its value against both the US dollar and euro, to respective rates of $0.67 and €0.59, and it lost 5.5 percent against the yen, to ¥74.55. Year-to-date values versus the dollar, euro and yen at the time of writing were -5.4, -0.2 and -6.7 percent respectively.
In December, the team at TradingEconomics.com were forecasting NZD/USD 4.4 percent lower 12 months ahead, at $0.64.
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