This is the current NZD-USD 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 NZD-USD 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 NZD vs USD, you should pay attention to both New Zealand Dollar and United States Dollar news and forecasts.
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.
1-January-19: Against a basket of currencies, the US dollar struck an 18-month high in mid-December before giving up some ground in the final weeks of the year. When 2018 was done, the US Dollar Index had gained 6 percent, making the greenback one of 2018’s best performing currencies; however, it was still worth 7.5 percent less than its 2017 high.
The consensus is for dollar weakness in 2019. Big players have long been skeptical of the Fed’s projected path for interest rates and this skepticism appeared justified when, in December, the Fed lowered its expectations for 2019 hikes due to so-called “cross currents” (China, Brexit, trade wars etc.).
In the aftermath of the Fed’s December meeting, Scotiabank said the dollar was “poised to weaken.”
ING said the dollar “is now overvalued against a host of currencies, particularly those in emerging markets.”
JP Morgan had been dollar-bearish prior to the Fed meeting.
SEB suggested that the dollar might weaken against the pound to $1.37 per GBP, or worse upon very positive Brexit developments.
A CIBC analyst said the dollar would weaken against the Australian dollar from $0.70 per AUD to levels “well north of $0.75,” and perhaps as weak as $0.78.
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