This article looks at what the banks are predicting for the AUD to NZD exchange rate over the long term in 2022.
AUD to NZD: slowly crawling higher in 2022
Top banks in Australia and New Zealand have a less pessimistic outlook for the Aussie (AUD) compared to the Kiwi (NZD) - reflected in their AUD to NZD exchange rate forecasts in 2022. Generally, their outlook for the NZD is more negative compared to the AUD.
AUDNZD forecasts from bank majors 2022
Source: Multinational bank aggregate data
AUD to NZD Predictions in 2022
In the short term
While the banks have predicted for the AUD to NZD to rise slightly (and slowly) over the long term, there are plenty of influences on both the Australian dollar and the New Zealand dollar that have an impact in the short term. These include:
- Tourism across the Tasman recommences, Australia bigger economy bounces faster 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
What do bank analysts think about the AUD NZD in the long term?
- ANZ says there’s too much uncertainty from Covid and expects the AUD to NZD exchange rate to end 2022 at 1.0400
- Westpac expects a focus on Central Banks, predicting the AUD to NZD to be steady around 1.0500 by the end of 2022
- NAB predicts the AUD to NZD forecast exchange rates for the end of next year to be 1.0800
The best time to exchange AUD to NZD
If you are travelling across the ditch and need to buy NZ dollars, the best AUD to NZD exchange rate is when it is high. Alternatively, if you are selling New Zealand currency either in cash or through a transfer, you want the rate to be as low as possible.
Whether you are buying or selling NZ dollars, no one can tell you when this "right" time is, but you can track the rate for free.
You set the rate you would like and let us to the work. We will email you when the AUD gets within the range you would like to buy NZ dollars.
Latest AUD NZD news
There are many different influences over the local currency, increasing commodity prices appear to be the key driver of the recent rise of the Australian dollar. Prices of commodities like oil, wheat and nickel have soared recently on the back of the war in Europe. This has increased the demand for ‘commodity’ currencies like the Aussie dollar, helping it move higher against most major currencies including the US dollar, Euro and British pound. According to the Reserve Bank Australia There has been a close relationship between the terms of trade and the value of the Australian dollar over […]
In the past 12 months, the Australian dollar has been sent lower against US dollar, New Zealand dollar and the British pound. The exchange rate is also slightly down against the Japanese yen and Euro. It’s largely because of two large influences over the Australia dollar – interest rates and commodity prices. The strength or weakness of the Australian dollar exchange rate is also impacted by the value of the other currency. For example, if the US dollar gets stronger in its own right, then all other things being equal, the Australian dollar will weaken and the AUD to […]
In the last 12 months, the best time to buy New Zealand Dollars with Australian dollars, was on the 29th of March 2021 when the AUD/NZD exchange rate reached 109.46. In contrast, the worst time was on the 16th of September, it traded below 1.03 for the first time since March 2020. While it’s nearly impossible to time the market perfectly, if you are travelling to New Zealand and need to buy NZ dollars, a higher AUD/NZD exchange rate rate is better for you. It means that you will receive more NZ dollars to spend for each Australian dollars […]