Exchange Rate
0.58161
Daily Change
-0.0076 -1.29%
Monthly
-0.95%
Yearly
-1.10%
Q3 Forecast
0.59294
New Zealand Dollar - Summary

The New Zealand dollar fell to around $0.581 on Wednesday, its lowest level in nearly five weeks, as the Reserve Bank of New Zealand delivered a second consecutive rate hike but signaled a more measured pace of further tightening than markets had anticipated. The RBNZ raised the official cash rate by 25 basis points to 2.75%, as widely expected, stepping up efforts to curb inflationary pressures and reaffirming its commitment to returning inflation to its 1%-3% target range. Its latest projections point to the policy rate reaching 2.81% by December and 3.15% by the end of 2027, below market expectations for a peak of around 3.5%. Governor Anna Breman said the OCR trajectory is broadly consistent with the May forecast, while indicating that further rate increases are likely but the timing remains highly uncertain. Swaps data showed that the probability of an October rate hike fell to around 36%, down from 65% before the meeting.

New Zealand Dollar - Stats

The NZD/USD exchange rate fell to 0.5811 on September 2, 2026, down 1.38% from the previous session. Over the past month, the New Zealand Dollar has weakened 1.04%, and is down by 1.19% 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 2 of 2026.

New Zealand Dollar - Forecast

The NZD/USD exchange rate fell to 0.5811 on September 2, 2026, down 1.38% from the previous session. Over the past month, the New Zealand Dollar has weakened 1.04%, and is down by 1.19% over the last 12 months. The New Zealand Dollar is expected to trade at 0.59 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.61 in 12 months time.



Crosses Price Day Year Date
NZDUSD 0.5816 -0.0076 -1.29% -1.10% Sep/02
EURNZD 1.9890 0.0219 1.12% 0.31% Sep/02
GBPNZD 2.3178 0.0242 1.06% 1.41% Sep/02
AUDNZD 1.2257 0.0127 1.04% 10.14% Sep/02
NZDJPY 93.0000 -1.3772 -1.46% 6.87% Sep/02
NZDCNY 3.9102 -0.0504 -1.27% -6.54% Sep/02
NZDCHF 0.4742 -0.0040 -0.83% 0.32% Sep/02
NZDCAD 0.8103 -0.0084 -1.03% -0.10% Sep/02
NZDMXN 9.8900 -0.1242 -1.24% -9.91% Sep/02
NZDINR 55.1998 -0.7577 -1.35% 7.02% Sep/02
NZDRUB 50.7331 -0.4242 -0.83% 7.46% Sep/02
NZDKRW 793.7614 -15.6403 -1.93% -2.97% Sep/02
NZDIDR 10,326.5802 -123.4710 -1.18% 7.09% Sep/02
NZDARS 879.7188 -11.5400 -1.29% 10.42% Sep/02
NZDCZK 12.1542 -0.1502 -1.22% -1.46% Sep/02
NZDDKK 3.7547 -0.0445 -1.17% -0.13% Sep/02
NZDHUF 185.3473 -1.9845 -1.06% -6.97% Sep/02
NZDMYR 2.3517 -0.0277 -1.16% -5.12% Sep/02
NZDBRL 3.0369 -0.0306 -1.00% -5.18% Sep/01
 Currencies
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Related Last Previous Unit Reference
United States Inflation Rate 3.40 3.50 percent Jul 2026
New Zealand Inflation Rate 4.10 3.10 percent Jun 2026
New Zealand Interest Rate 2.75 2.50 percent Sep 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Aug 2026
United States Unemployment Rate 4.10 4.20 percent Jul 2026
New Zealand Unemployment Rate 5.60 5.40 percent Jun 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 0.59 1.49 0.39 1971 - 2026 Daily

News Stream
New Zealand Dollar Drops After RBNZ Rate Decision
The New Zealand dollar fell to around $0.581 on Wednesday, its lowest level in nearly five weeks, as the Reserve Bank of New Zealand delivered a second consecutive rate hike but signaled a more measured pace of further tightening than markets had anticipated. The RBNZ raised the official cash rate by 25 basis points to 2.75%, as widely expected, stepping up efforts to curb inflationary pressures and reaffirming its commitment to returning inflation to its 1%-3% target range. Its latest projections point to the policy rate reaching 2.81% by December and 3.15% by the end of 2027, below market expectations for a peak of around 3.5%. Governor Anna Breman said the OCR trajectory is broadly consistent with the May forecast, while indicating that further rate increases are likely but the timing remains highly uncertain. Swaps data showed that the probability of an October rate hike fell to around 36%, down from 65% before the meeting.
2026-09-02
New Zealand Dollar Weakens
The New Zealand dollar slipped to around $0.59 on Tuesday, hovering at a two-week low, as cautious investor sentiment overshadowed expectations of a rate hike at home. Global bond yields rose to multi-decade highs as concerns over higher inflation fueled expectations of a Federal Reserve interest-rate increase later this month, curbing appetite for riskier assets. At the same time, fresh fighting in the Middle East also pressured currencies of economies exposed to higher energy costs. Limiting the kiwi’s losses, the Reserve Bank of New Zealand is widely expected to raise its official cash rate by 25 basis points to 2.75% on Wednesday. Markets also anticipate the OCR to reach around 3% by December and 3.5% next year, particularly after the central bank signaled that monetary policy needs to become less accommodative.
2026-09-01
Kiwi Dollar Edges Up Ahead of RBNZ Decision
The New Zealand dollar edged up to $0.592 on Monday, recovering some of its losses from the previous session as investors turned their focus to the Reserve Bank of New Zealand’s upcoming policy decision. The RBNZ is widely expected to raise its cash rate by another 25 bps later this week, with the OCR seen reaching 3% by December and 3.5% next year, particularly after the central bank signalled that monetary policy needs to become less accommodative. On the data front, New Zealand’s business confidence eased slightly in August from July’s five-month high but stayed strong overall. However, gains in the kiwi were limited by a firm US dollar after hawkish comments from Federal Reserve Chair Kevin Warsh fueled bets for a September rate hike. The resulting increase in US rate expectations could keep pressure on the kiwi despite the RBNZ’s tightening outlook.
2026-08-31