The New Zealand dollar was pinned at a four-month low around $0.572, as concerns about a prolonged energy shock from the Middle East conflict continued to weigh on the economic outlook. The Reserve Bank of New Zealand has cautioned that the country is vulnerable to surging energy costs, which are expected to push inflation higher while eroding household spending power. Governor Anna Breman said that the RBNZ will look through temporary, energy-driven spikes in inflation but signaled that interest rates could rise if price pressures begin to threaten longer-term inflation expectations. Markets currently see only a small chance of a rate hike in April but are pricing in around a 50% probability of a move in May. On the data front, business sentiment in New Zealand deteriorated sharply in March, falling to its weakest level since mid-2024, when the country was in recession, as the war dampened confidence in future earnings and investment.

The NZD/USD exchange rate rose to 0.5745 on March 31, 2026, up 0.40% from the previous session. Over the past month, the New Zealand Dollar has weakened 3.30%, but it's up by 0.88% 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 March 31 of 2026.

The NZD/USD exchange rate rose to 0.5745 on March 31, 2026, up 0.40% from the previous session. Over the past month, the New Zealand Dollar has weakened 3.30%, but it's up by 0.88% over the last 12 months. The New Zealand Dollar is expected to trade at 0.57 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.59 in 12 months time.



Crosses Price Day Year Date
NZDUSD 0.5745 0.0023 0.40% 0.89% Mar/31
EURNZD 2.0114 0.0067 0.33% 6.13% Mar/31
GBPNZD 2.3033 -0.0037 -0.16% 1.50% Mar/31
AUDNZD 1.2006 0.0013 0.11% 9.06% Mar/31
NZDJPY 91.1660 -0.2295 -0.25% 7.01% Mar/31
NZDCNY 3.9487 -0.0089 -0.23% -4.75% Mar/31
NZDCHF 0.4592 0.0017 0.36% -8.76% Mar/31
NZDCAD 0.7999 0.0032 0.40% -1.79% Mar/31
NZDMXN 10.2908 -0.0698 -0.67% -11.23% Mar/31
NZDINR 53.6367 -0.3183 -0.59% 10.05% Mar/31
NZDBRL 2.9707 -0.0420 -1.39% -8.21% Mar/31
NZDRUB 46.4419 -0.0780 -0.17% -3.48% Mar/31
NZDKRW 865.1660 -3.2219 -0.37% 3.28% Mar/31
NZDIDR 9,706.9762 -16.9906 -0.17% 1.85% Mar/31
NZDARS 792.0724 -8.0203 -1.00% 29.66% Mar/31
NZDCZK 12.1844 -0.0751 -0.61% -7.43% Mar/31
NZDDKK 3.7082 -0.0208 -0.56% -5.81% Mar/31
NZDHUF 190.9012 -3.0099 -1.55% -10.00% Mar/31
NZDMYR 2.3129 0.0163 0.71% -8.47% Mar/31
 Currencies
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Related Last Previous Unit Reference
United States Inflation Rate 2.40 2.40 percent Feb 2026
New Zealand Inflation Rate 3.10 3.00 percent Dec 2025
United States Fed Funds Interest Rate 3.75 3.75 percent Mar 2026
New Zealand Interest Rate 2.25 2.25 percent Feb 2026
United States Unemployment Rate 4.40 4.30 percent Feb 2026
New Zealand Unemployment Rate 5.40 5.30 percent Dec 2025

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
0.57 0.57 1.49 0.39 1971 - 2026 Daily

News Stream
New Zealand Dollar Hovers at 4-Month Low
The New Zealand dollar was pinned at a four-month low around $0.572, as concerns about a prolonged energy shock from the Middle East conflict continued to weigh on the economic outlook. The Reserve Bank of New Zealand has cautioned that the country is vulnerable to surging energy costs, which are expected to push inflation higher while eroding household spending power. Governor Anna Breman said that the RBNZ will look through temporary, energy-driven spikes in inflation but signaled that interest rates could rise if price pressures begin to threaten longer-term inflation expectations. Markets currently see only a small chance of a rate hike in April but are pricing in around a 50% probability of a move in May. On the data front, business sentiment in New Zealand deteriorated sharply in March, falling to its weakest level since mid-2024, when the country was in recession, as the war dampened confidence in future earnings and investment.
2026-03-31
New Zealand Dollar Falls to Lowest Level in 4 Months
The New Zealand dollar fell to $0.572, its lowest level since late November, as investors continued to weigh the Reserve Bank’s policy outlook amid the ongoing conflict in the Middle East. Governor Anna Breman said that the RBNZ will look through temporary energy-driven inflation but is prepared to hike rates if persistent price pressures threaten inflation expectations. Since the war began, investors have speculated that the RBNZ may need to tighten policy earlier than expected to offset the inflationary impact of rising energy costs. However, following Breman’s comments, markets trimmed bets on an imminent move. Traders are pricing in around a 50% chance of a rate hike in May, down from 68% before her remarks. Chief Economist Paul Conway also noted that the central bank continues to see lingering economic slack, which will influence how forcefully it responds to any inflationary pressures stemming from higher oil prices.
2026-03-25
New Zealand Dollar Weakens
The New Zealand dollar slipped to around $0.583 on Tuesday, following a volatile session on Monday in which it had closed higher, as investors digested RBNZ Governor Anna Breman's remarks. Breman said the central bank would look through a temporary surge in energy costs stemming from the Middle East conflict, but higher interest rates could become necessary if inflationary pressures persist. She emphasized that the duration of the energy shock would be a key factor in balancing the risk of higher inflation against its potential drag on economic growth. Since the conflict erupted, investors have speculated that the RBNZ may need to tighten policy sooner than previously expected to counter the inflationary impact of rising energy prices. Markets currently see little chance of a rate hike in April, but imply roughly a 60% probability of one in May.
2026-03-24