AUDNZD Bank Forecasts New Zealand Dollar Banknotes

AUDNZD Forecasts

The Australian dollar against the New Zealand dollar exchange rate (AUDNZD) changes every second. This article shares bank forecasts to help you predict changes in the AUDNZD rate.

The 2022 Forecasts for the AUD to NZD are out now

With most of 2021 out of the way, attention turns to 2022.

Now that most economists have released their predictions for the Australian dollar, head here to find out the most up to date forecasts:

2021 AUD to NZD: slowly trending higher

Top banks in Australia and New Zealand have a less pessimistic outlook for both the Aussie (AUD) and the Kiwi (NZD) - reflected in their AUDNZD exchange rate forecasts in 2021. Generally, their outlook for the NZD is more negative than positive compared to the AUD.

AUDNZD forecasts from bank majors 2021

AUDNZD Forecast Chart

Source: International bank aggregate data

AUD to NZD

AUD
*Wholesale exchange rate updated

How will the AUDNZD perform in 2021?

Why is the AUDNZD rising?

There are many reasons why the Aussie dollar has been getting stronger relative to the Kiwi.

These are the most likely:

  • Tourism across the Tasman recommences, Australia bigger economy bounces compared to New Zealand
  • Central bank policies to stimulate the economy is more effective in Australia than New Zealand
  • New Zealand at greater risk of a recession, there’s only so much the government can do to help
  • China’s demand for Australian commodities grows relatively more than New Zealand commodities
AUDNZD performance
Bank expert AUDNZD forecasts 2021 Image

What do bank analysts think about the AUDNZD?

  • ANZ says it’s hard to be upbeat on the NZD and expects the AUD to NZD exchange rate to end 2021 at 1.0800
  • Westpac expects the AUD to NZD to rise to around 1.1100 by the end of the year
  • NAB predicts the AUD to NZD forecast exchange rates for the end of this year to be 1.0900

3 Things to know about the AUDNZD cross

  1. AUD/NZD tells you how many New Zealand dollars are needed to purchase one Australian dollar
  2. The AUD/USD and the NZD/USD usually moves in tandem against other currencies, so the AUD/NZD cross moves on changes in the local economy rather than global factors
  3. The AUD/NZD is heavily influenced by commodity (raw material) prices. Australia exports energy and metals, while New Zealand ships agricultural products

It is important to check rate alerts to help you get the best exchange rate

AUDNZD performance

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