The New Zealand dollar traded around $0.579, its lowest in two months, as traders remained wary amid escalating tensions in the Middle East. The US conducted new strikes on several targets in Iran, prompting Iran to order the complete closure of the Strait of Hormuz to all shipping. The strikes came just a day after the US struck Iran following the crash of a military helicopter near the strait, which President Donald Trump blamed on Tehran. The latest attacks further clouded prospects for a peace deal between the two countries and added strain to an already fragile ceasefire. Limiting the kiwi's losses, however, were expectations of higher interest rates following a hawkish outlook from the Reserve Bank of New Zealand. Markets are now pricing in an 85% chance of a 25-basis-point rate hike in July, with expectations of two additional increases that would take rates to 3.0% by year-end. The OCR is also seen to peak at around 3.5% late next year.

The NZD/USD exchange rate rose to 0.5834 on June 11, 2026, up 0.64% from the previous session. Over the past month, the New Zealand Dollar has weakened 2.00%, and is down by 3.80% over the last 12 months. Historically, the New Zealand Dollar reached an all time high of 1.49 in October of 1973. New Zealand Dollar - data, forecasts, historical chart - was last updated on June 11 of 2026.

The NZD/USD exchange rate rose to 0.5834 on June 11, 2026, up 0.64% from the previous session. Over the past month, the New Zealand Dollar has weakened 2.00%, and is down by 3.80% over the last 12 months. The New Zealand Dollar is expected to trade at 0.58 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.60 in 12 months time.



Crosses Price Day Year Date
NZDUSD 0.5834 0.0037 0.64% -3.80% Jun/11
EURNZD 1.9821 -0.0013 -0.06% 3.82% Jun/11
GBPNZD 2.3028 -0.0003 -0.01% 2.71% Jun/11
AUDNZD 1.2082 0.0015 0.13% 12.21% Jun/11
NZDJPY 93.2985 0.2308 0.25% 7.23% Jun/11
NZDCNY 3.9341 0.0025 0.06% -9.57% Jun/11
NZDCHF 0.4637 0.0001 0.02% -5.62% Jun/11
NZDCAD 0.8149 0.0066 0.81% -1.23% Jun/11
NZDMXN 10.0547 -0.0445 -0.44% -12.21% Jun/11
NZDINR 55.3946 0.0377 0.07% 6.73% Jun/11
NZDBRL 2.9750 -0.0363 -1.20% -11.40% Jun/11
NZDRUB 41.9679 0.0846 0.20% -13.50% Jun/11
NZDKRW 884.5838 1.5326 0.17% 7.64% Jun/11
NZDIDR 10,432.7308 36.3910 0.35% 6.08% Jun/11
NZDARS 831.9875 1.1010 0.13% 15.83% Jun/11
NZDCZK 12.1699 0.0146 0.12% -6.20% Jun/11
NZDDKK 3.7590 0.0028 0.07% -3.74% Jun/11
NZDHUF 178.3473 -0.9128 -0.51% -15.14% Jun/11
NZDMYR 2.3489 -0.0101 -0.43% -8.24% Jun/11
 Currencies
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Related Last Previous Unit Reference
United States Inflation Rate 4.20 3.80 percent May 2026
New Zealand Inflation Rate 3.10 3.10 percent Mar 2026
United States Fed Funds Interest Rate 3.75 3.75 percent May 2026
New Zealand Interest Rate 2.25 2.25 percent May 2026
United States Unemployment Rate 4.30 4.30 percent May 2026
New Zealand Unemployment Rate 5.30 5.40 percent Mar 2026

New Zealand Dollar
The NZDUSD spot exchange rate specifies how much one currency, the NZD, is currently worh in terms of the other, the USD. While the NZDUSD spot exchange rate is quoted and exchanged in the same day, the NZDUSD forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
0.58 0.58 1.49 0.39 1971 - 2026 Daily

News Stream
New Zealand Dollar Hovers at 2-Month Low
The New Zealand dollar traded around $0.579, its lowest in two months, as traders remained wary amid escalating tensions in the Middle East. The US conducted new strikes on several targets in Iran, prompting Iran to order the complete closure of the Strait of Hormuz to all shipping. The strikes came just a day after the US struck Iran following the crash of a military helicopter near the strait, which President Donald Trump blamed on Tehran. The latest attacks further clouded prospects for a peace deal between the two countries and added strain to an already fragile ceasefire. Limiting the kiwi's losses, however, were expectations of higher interest rates following a hawkish outlook from the Reserve Bank of New Zealand. Markets are now pricing in an 85% chance of a 25-basis-point rate hike in July, with expectations of two additional increases that would take rates to 3.0% by year-end. The OCR is also seen to peak at around 3.5% late next year.
2026-06-10
New Zealand Dollar Attempts to Rise
The New Zealand dollar traded around $0.581, attempting to rise from a two-month low, as risk sentiment improved following a recent concession of strikes in the Middle East. Israel and Iran both agreed to halt mutual attacks after an earlier escalation in violence, raising hopes of a possible restart of talks toward a broader ceasefire agreement in the region. Meanwhile, the Kiwi dollar remained supported by expectations of central bank tightening, as the Reserve Bank has recently taken a more hawkish turn. Following the central bank’s split decision to hold rates in late May, policymakers signaled that interest rates could rise earlier and by a larger-than-expected margin to offset the impact of the energy shock. Markets now imply a chance that the RBNZ will lift its 2.25% cash rate by a quarter point at its next meeting on July 8 and peak around 3.50% late next year.
2026-06-09
New Zealand Dollar Holds at 2-Month Low
The New Zealand dollar hovered around $0.579 on Monday, its lowest level in two months, as rising tensions in the Middle East weighed on investor sentiment. Iran and Israel exchanged missile attacks for the first time since agreeing to a ceasefire in April, raising concerns over the stability of the truce and complicating efforts to negotiate an end to the conflict. The latest escalation occurred despite calls from US President Donald Trump for both sides to stop fighting and allow peace negotiations to move forward. Further losses in the kiwi, however, were partly cushioned by expectations of tighter monetary policy from the Reserve Bank of New Zealand. Markets continue to price in a possible rate hike as early as July, with the OCR seen to peak around 3.50% late next year.
2026-06-08