The New Zealand dollar held below $0.62, hovering its lowest levels in over two years, as commodity currencies came under pressure from the Federal Reserve’s aggressive tightening plans and an escalating risk of a global recession. Recent data also showed 63% of businesses in New Zealand expect economic conditions to deteriorate over the coming year due mainly to supply disruptions and surging cost pressures, highlighting risks to the country’s economic trajectory. This presents a challenge to the Reserve Bank of New Zealand which is expected to stick to its aggressive tightening path to bring down inflation, even if it means risking a recession. Markets are priced for another hike of 50 basis points in July to take rates to 2.50%, and for rates to near 4% by the end of the year.

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 July of 2022.

The New Zealand Dollar is expected to trade at 0.61 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.58 in 12 months time.

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New Zealand Dollar


Majors Price Day Year
EURUSD 1.0183 -0.0081 -0.79% -13.68%
GBPUSD 1.1924 -0.0026 -0.22% -13.61%
AUDUSD 0.6784 -0.0008 -0.11% -9.36%
NZDUSD 0.6149 -0.0019 -0.31% -12.34%
USDJPY 135.8990 0.4210 0.31% 22.85%
USDCNY 6.7139 0.0021 0.03% 3.71%
USDCHF 0.9714 0.0031 0.32% 4.96%
USDCAD 1.3033 -0.0003 -0.03% 4.45%
USDMXN 20.6641 0.1479 0.72% 3.57%
USDINR 79.0200 -0.2510 -0.32% 5.66%
USDBRL 5.4180 0.0319 0.59% 3.56%
USDRUB 61.5000 1.5000 2.50% -17.44%
USDKRW 1,301.0690 -7.8810 -0.60% 13.98%
DXY 107.0778 0.5428 0.51% 15.58%
USDTRY 17.2267 0.2246 1.32% 98.38%
USDSEK 10.5340 0.0310 0.30% 22.19%
USDPLN 4.6946 0.0732 1.58% 22.18%
USDNOK 10.1262 0.0692 0.69% 16.00%
USDZAR 16.7858 0.2575 1.56% 17.35%
USDDKK 7.3090 0.0631 0.87% 15.94%
USDSGD 1.4047 -0.0004 -0.03% 4.14%
USDILS 3.4844 -0.0221 -0.63% 6.52%
USDHKD 7.8466 0 0% 1.02%
USDCLP 967.3000 14.4500 1.52% 29.19%
USDPKR 207.2900 0.7900 0.38% 30.95%
USDCZK 24.3319 0.2379 0.99% 11.34%
USDHUF 401.6900 4.9300 1.24% 32.81%
Crosses Price Day Year
NZDUSD 0.6149 -0.0019 -0.31% -12.34%
EURNZD 1.6559 -0.0075 -0.45% -1.52%
GBPNZD 1.9389 0.0020 0.10% -1.45%
AUDNZD 1.1034 0.0023 0.21% 3.41%
NZDJPY 83.5740 0.0112 0.01% 7.71%
NZDCNY 4.1204 -0.0194 -0.47% -9.26%
NZDCHF 0.5973 0 0% -7.99%
NZDCAD 0.8015 -0.0025 -0.31% -8.41%
NZDMXN 12.7073 0.0529 0.42% -9.20%
NZDINR 48.4898 -0.4045 -0.83% -7.57%
NZDBRL 3.3438 0.0216 0.65% -8.88%
NZDRUB 37.7450 0.7370 1.99% -27.76%
NZDKRW 800.2111 -7.1492 -0.89% -0.06%
NZDIDR 9,201.5318 -41.2162 -0.45% -9.42%
NZDARS 77.5018 -0.3260 -0.42% 15.06%
NZDCZK 14.9296 0.0684 0.46% -2.61%
NZDDKK 4.4856 0.0163 0.36% 1.44%
NZDHUF 247.4111 2.6895 1.10% 16.62%
NZDMYR 2.7144 -0.0106 -0.39% -6.98%


New Zealand Dollar
The NZDUSD spot exchange rate specifies how much one currency, the NZD, is currently worth 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
0.62 0.62 1.49 0.39 1971 - 2022 Daily