AUD to NZD Exchange Rate Forecasts for 2023

This article looks at what the banks are predicting for the AUD to NZD exchange rate over the long term in 2023.

The 2024 AUD NZD Forecasts are out now

With most of 2023 out of the way, attention turns to 2024.

Now that most economists have released their predictions for the AUD NZD exchange rate, head here to find out the most up to date forecasts:

AUD to NZD: slowly declining in 2023

Compared with the current rate of 1.0823, top banks in Australia and New Zealand have a fairly negative outlook for the AUD NZD reflected in their forecasts in 2023.

Like many Australian Dollar forecasts in 2023, the AUD to NZD is expected to stay flat in the first half of next year, before declining in the second half of the year.

AUDNZD forecasts from bank majors 2023

AUDNZD Forecast Chart 2023

Source: Multinational bank aggregate data


*Wholesale exchange rate updated


Wholesale exchange rate updated

AUD to NZD Predictions in 2023

In the short term

While the banks predict the AUD to NZD to rise slightly near term, there are plenty of influences on both the Australian dollar and the New Zealand dollar that can impact the direction. These include:

  • Australia's bigger economy falls less than expected and New Zealand's economy declines
  • Central bank policies to stimulate the economy is more effective in Australia than New Zealand
  • China’s demand for Australia's commodities grows relatively more than New Zealand commodities
AUDUSD performance

What do bank analysts think about the AUD NZD in the long term?

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 order New Zealand dollars.

Latest AUD NZD news

2024 AUD NZD Forecasts

The outlook for the Australian dollar (AUD) against the New Zealand Dollar (NZD) is relatively flat in 2024. New Zealand is a relatively small country but its currency punches above its weight. The New Zealand dollar (NZD) is traded on global exchange markets far more than the country’s relative share of global GDP. Its value is also of crucial interest to Australians, given New Zealand remains our most popular travel destination. In 2022-23, Australians made more than 1.19 million trips to the country, according to ABS data. While the two countries have close cultural and economic links, the exchange rate […]

Updated: Posted on