Exchange Rate in New Zealand
New Zealand - Exchange Rate
New Zealand Dollar weakens to multi-year low in September
The New Zealand dollar (NZD) depreciated to 0.63 NZD per USD on 7 September, which was 5.5% weaker than on the same day of the previous month and 24.8% weaker than on the same day of the previous year, bringing the exchange rate to the lowest level in over six years. Despite a slight recovery in recent days, the NZD has been broadly stable since then.
The currency depreciated steadily over the course of the year, largely due to the sharp fall in dairy prices, the country’s key export market. Weaker than expected GDP growth in Q2 and expectations of a rate hike by the Federal Reserve have been putting additional pressure on the currency in recent months, as well as the devaluation of the yuan and ongoing turmoil in emerging markets.
In the RBNZ’s most recent monetary policy meeting on 10 September, the Bank decreased its Official Cash Rate for the third consecutive time, accentuating the depreciation of the NZD against the U.S. dollar. The Bank suggested that further cuts are possible, which could lead to further downward pressure on the currency.
FocusEconomics Consensus Forecast panelists see the New Zealand dollar trading at 0.65 USD per NZD at the end of 2015. For 2016, panelists see the exchange rate closing the year at 0.65 USD per NZD.
New Zealand - Exchange Rate Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 0.68 | 0.69 | 0.71 | 0.67 | 0.67 |
New Zealand Exchange Rate Chart
Source: Thomson Reuters.
New Zealand Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.67 | 1.20 % | Dec 30 |
| Exchange Rate | 0.67 | -1.69 % | Jan 01 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
New Zealand: Consumer optimism softens in July
July 30, 2021
The ANZ-Roy Morgan consumer confidence indicator edged down to 113.1 in July from June’s 114.1.
-
New Zealand: Inflation jumps to nearly 10-year high in Q2
July 16, 2021
Consumer prices soared 1.3% from the previous quarter in the second quarter, coming in above Q1’s 0.8% rise.
-
New Zealand: RBNZ ends quantitative easing amid mounting price pressures
July 14, 2021
At its meeting on 14 July, the Reserve Bank of New Zealand (RBNZ) announced that it will halt bond buying under its large-scale asset purchase program by 23 July, while at the same time it decided to hold the official cash rate steady at its record low of 0.25% and leave the funding for lending program unchanged.
-
New Zealand: Consumer confidence steady in June
July 5, 2021
The ANZ-Roy Morgan consumer confidence indicator inched up to 114.1 in June from May’s 114.0.
-
New Zealand: Economy rebounds strongly in Q1 amid booming housing market and low interest rates
June 18, 2021
GDP expanded 1.6% in seasonally-adjusted quarter-on-quarter terms in Q1, as growth in domestic demand surged amid a booming housing market and favorable financing conditions.
© Copyright: 2021. | New Zealand Exchange Rate | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
