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New Zealand dollar Exchange Update, Chart & History

NZD Markets Update - Our review of New Zealand dollar Forecasts and News plus Charts and Historic Rates. Check NZD Trends over various time periods.

 

New Zealand dollar (NZD) Market Update

The New Zealand Dollar (NZD) faced a challenging period amid declining risk appetite and changing global rate expectations. In February, the NZD weakened against the USD and other major currencies due to US inflation data and lower commodity prices. The currency continued to track lower through early February, breaking below US$0.6100 following robust US Consumer Price Index (CPI) inflation figures. The NZD slid against key counterparts like the AUD, Euro, GBP, and JPY, facing pressure after touching decade highs above 93.

FX analysts are closely monitoring the NZD's performance as it fluctuates between 0.60 and 0.62 against the USD. The outlook remains uncertain as markets await clearer signals on the trajectory of US rate cuts. While domestic data and global growth projections will influence the NZD's direction, the focus remains on US activity, labor market conditions, and inflation indicators for insights into Federal Reserve policy changes. Despite the recent underperformance of the NZD, economists believe the currency could see future gains driven by sustained labor market strength, potential interest rate increases by the Reserve Bank of New Zealand (RBNZ), and elevated calls for additional monetary tightening, which could attract investor interest.

Looking ahead, analysts expect the NZD to face near-term downside pressure but anticipate the currency to navigate within a range until clearer signals on US rate cuts emerge. The NZD's performance against key currency pairs has been relatively stable, with the NZD to USD hovering near 7-day lows at 0.6130, the NZD to EUR at 0.5632, the NZD to GBP at 0.4807, and the NZD to JPY at 90.89. Despite recent setbacks, the overall sentiment among market watchers is cautiously optimistic for the NZD in 2024, driven by potential rally opportunities, positioning as the highest-yielding G10 currency after the USD, and the prospect of favorable RBNZ policy adjustments.

 

New Zealand dollar to US dollar - NZD/USD Trend

 
NZD to USD is at 30-day lows near 0.6085, 1.3% below its 3-month average of 0.6168, having traded in a quite stable 4.7% range from 0.6054 to 0.6340
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USD
 
-0.0%
📉1M
 
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Top NZD Rates


New Zealand dollar to US dollar

NZD to USD is at 30-day lows near 0.6085, 1.3% below its 3-month average of 0.6168, having traded in a quite stable 4.7% range from 0.6054 to 0.6340
NZD to USD
0.6051
-0.0%
📉1M

New Zealand dollar to Australian dollar

NZD to AUD at 0.9278 is just below its 3-month average, having traded in a very stable 2.3% range from 0.9245 to 0.9457
NZD to AUD
0.9281
-0.0%
📉1M

New Zealand dollar to Pound Sterling

NZD to GBP at 0.4781 is 1.6% below its 3-month average of 0.4859, having traded in a quite stable 4.1% range from 0.4778 to 0.4974
NZD to GBP
0.4763
+0.0%
📉3M

New Zealand dollar to Japanese yen

NZD to JPY at 90.76 is near its 3-month average, having traded in a quite stable 5.1% range from 88.74 to 93.31
NZD to JPY
90.95
+0.0%
📉1M

New Zealand dollar to Fijian dollar

NZD to FJD is at 14-day highs near 1.3817, just above its 3-month average, having traded in a very stable 2.8% range from 1.3630 to 1.4014
NZD to FJD
1.3724
+1.0%
📈2W

New Zealand dollar to Tongan paanga

NZD to TOP at 1.4411 is just 0.9% below its 3-month average of 1.4547, having traded in a very stable 3.3% range from 1.4328 to 1.4800
NZD to TOP
1.4334
+0.1%
📉2W

New Zealand dollar to Malaysian ringgit

NZD to MYR at 2.8716 is 1.1% below its 3-month average of 2.9033, having traded in a very stable 3.6% range from 2.8602 to 2.9635
NZD to MYR
2.8632
+0.3%
📉1M

New Zealand dollar to Samoan tala

NZD to WST is at 30-day lows near 1.7037, 1.3% below its 3-month average of 1.7271, having traded in a quite stable 4.7% range from 1.6952 to 1.7751
NZD to WST
1.6942
-0.0%
📉1M

A-Z


New Zealand dollar to Australian dollar

NZD to AUD at 0.9278 is just below its 3-month average, having traded in a very stable 2.3% range from 0.9245 to 0.9457
NZD to AUD
0.9281
-0.0%
📉1M

New Zealand dollar to Canadian dollar

NZD to CAD is at 30-day lows near 0.8233, just 0.7% below its 3-month average of 0.829, having traded in a very stable 2.7% range from 0.8170 to 0.8388
NZD to CAD
0.8207
-0.1%
📉1M

New Zealand dollar to Swiss franc

NZD to CHF at 0.5402 is just 0.9% above its 3-month average of 0.5353, having traded in a very stable 3.9% range from 0.5254 to 0.5460
NZD to CHF
0.5380
+0.4%
📈2W

New Zealand dollar to Chinese yuan

NZD to CNY at 4.3808 is just 0.6% below its 3-month average of 4.4058, having traded in a quite stable 5.0% range from 4.3100 to 4.5276
NZD to CNY
4.3561
+0.9%
📉2W

New Zealand dollar to Euro

NZD to EUR at 0.5598 is 1.2% below its 3-month average of 0.5665, having traded in a very stable 2.7% range from 0.5582 to 0.5732
NZD to EUR
0.5571
+0.1%
📉1M

New Zealand dollar to Fijian dollar

NZD to FJD is at 14-day highs near 1.3817, just above its 3-month average, having traded in a very stable 2.8% range from 1.3630 to 1.4014
NZD to FJD
1.3724
+1.0%
📈2W

New Zealand dollar to Pound Sterling

NZD to GBP at 0.4781 is 1.6% below its 3-month average of 0.4859, having traded in a quite stable 4.1% range from 0.4778 to 0.4974
NZD to GBP
0.4763
+0.0%
📉3M

New Zealand dollar to Hong Kong dollar

NZD to HKD is at 30-day lows near 4.7583, 1.3% below its 3-month average of 4.8223, having traded in a quite stable 4.6% range from 4.7354 to 4.9524
NZD to HKD
4.7321
-0.1%
📉1M

New Zealand dollar to Indian rupee

NZD to INR at 50.47 is 1.4% below its 3-month average of 51.21, having traded in a quite stable 5.0% range from 50.28 to 52.79
NZD to INR
50.21
+0.0%
📉2W

New Zealand dollar to Japanese yen

NZD to JPY at 90.76 is near its 3-month average, having traded in a quite stable 5.1% range from 88.74 to 93.31
NZD to JPY
90.95
+0.0%
📉1M

New Zealand dollar to Malaysian ringgit

NZD to MYR at 2.8716 is 1.1% below its 3-month average of 2.9033, having traded in a very stable 3.6% range from 2.8602 to 2.9635
NZD to MYR
2.8632
+0.3%
📉1M

New Zealand dollar to Philippine peso

NZD to PHP at 33.88 is 1.7% below its 3-month average of 34.45, having traded in a quite stable 4.3% range from 33.84 to 35.28
NZD to PHP
33.81
+0.1%
📉3M

New Zealand dollar to Solomon Islands dollar

NZD to SBD at 5.1579 is 1.0% below its 3-month average of 5.2101, having traded in a quite stable 5.9% range from 5.0841 to 5.3862
NZD to SBD
5.1280
+0.5%
📉2W

New Zealand dollar to Singapore dollar

NZD to SGD at 0.8153 is 1.1% below its 3-month average of 0.8247, having traded in a very stable 2.9% range from 0.8137 to 0.8376
NZD to SGD
0.8118
+0.1%
📉3M

New Zealand dollar to Thai baht

NZD to THB at 21.90 is just above its 3-month average, having traded in a quite stable 4.1% range from 21.41 to 22.28
NZD to THB
21.81
+0.5%
📉1M

New Zealand dollar to New Taiwan dollar

NZD to TWD at 19.26 is just below its 3-month average, having traded in a very stable 3.4% range from 19.01 to 19.65
NZD to TWD
19.22
+0.1%
📉1W

New Zealand dollar to US dollar

NZD to USD is at 30-day lows near 0.6085, 1.3% below its 3-month average of 0.6168, having traded in a quite stable 4.7% range from 0.6054 to 0.6340
NZD to USD
0.6051
-0.0%
📉1M

New Zealand dollar to Vietnamese dong

NZD to VND is at 7-day lows near 15041, just below its 3-month average, having traded in a quite stable 4.6% range from 14763 to 15444
NZD to VND
14954.6
-0.0%
📉1W

New Zealand dollar to Samoan tala

NZD to WST is at 30-day lows near 1.7037, 1.3% below its 3-month average of 1.7271, having traded in a quite stable 4.7% range from 1.6952 to 1.7751
NZD to WST
1.6942
-0.0%
📉1M

New Zealand dollar to CFP franc

NZD to XPF at 66.80 is 1.2% below its 3-month average of 67.61, having traded in a very stable 2.7% range from 66.61 to 68.40
NZD to XPF
66.48
+0.1%
📉1M

New Zealand dollar to South African rand

NZD to ZAR is at 7-day highs near 11.55, just below its 3-month average, having traded in a quite stable 4.7% range from 11.42 to 11.96
NZD to ZAR
11.49
+1.0%
📈1W