The New Zealand dollar appreciated to $0.586 on Friday, drawing support from a broadly weaker US dollar ahead of the highly anticipated US non-farm payrolls report later in the day. The data will be closely monitored as it could influence the Federal Reserve’s upcoming policy decision, with traders widely expecting an interest rate cut later this month. Domestically, however, expectations of further monetary easing by the Reserve Bank of New Zealand continued to limit gains for the kiwi. Markets are pricing in a rate cut at the central bank’s next meeting in October, with rates seen falling to around 2.50% by early next year. The currency has been on the defensive since the RBNZ lowered its official cash rate to 3.0% last month and signaled scope for more cuts to stimulate a sluggish economy. Despite Friday’s uptick, the New Zealand dollar is still down 0.6% for the week, reflecting a tug-of-war between external support and domestic headwinds.
The NZD/USD exchange rate rose to 0.5870 on September 5, 2025, up 0.33% from the previous session. Over the past month, the New Zealand Dollar has weakened 0.97%, and is down by 4.92% 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 September 5 of 2025.
The NZD/USD exchange rate rose to 0.5870 on September 5, 2025, up 0.33% from the previous session. Over the past month, the New Zealand Dollar has weakened 0.97%, and is down by 4.92% 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 0.57 in 12 months time.