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2021 New Zealand Dollar Forecasts & Predictions

New Zealand dollar exchange rates and forecasts change all the time. This article looks at bank predictions and is updated regularly.

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2021 New Zealand Dollar forecasts upgraded

Since March 2020, the 'Kiwi' (New Zealand Dollar) has consistently moved higher towards 75 cents against the US dollar. Recently, the NZD hit a 35 month high of 0.7462 before easing a touch.

Many economists are predicting the New Zealand dollar (NZD) to reach and move higher than 75 US cents by the end of this year.

ANZCBANABWestpac
Jun 20210.75000.74000.74000.7400
Dec 20210.77000.77000.76000.7600

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NZD to USD chart

NZD to USD

Wholesale exchange rate updated
What do bank experts predict will happen to the NZD?

What do bank experts predict will happen to the NZD?

If you agree with the top banks in Australia and New Zealand, commodity currencies including the Australian Dollar or New Zealand Dollar will rise in 2021.

ANZ, CBA, NAB and Westpac expect the New Zealand Dollar to average about 75 cents against the US Dollar in 2021, about 5 cents higher than in 2020.

2021 New Zealand Dollar forecasts upgraded

Two of Australia's big banks have upgraded their forecast as the NZD/USD exchange rate hit a fresh 2 and a half year high above 74 cents.

Both the National Australia Bank (NAB) and Westpac now expect the New Zealand dollar to move up to 76 cents by the end of 2021.

Meanwhile, Australia and New Zealand (ANZ) bank are predicting a slightly higher rate of 77 cents by the end of the year.

Here's why:

  1. Rising Chinese demand for New Zealand commodities, especially agricultural commodities
  2. A stronger than expected recovery in the New Zealand economy
  3. A relatively weaker US dollar
2021 New Zealand Dollar forecasts upgraded
Why is the New Zealand dollar is rising? New Zealand dollar forecasts

Why is the New Zealand dollar is rising?

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

These are the most likely:

This doesn't mean the NZD won't decline. The Reserve Bank of New Zealand (RBNZ) could signal the currency is a risk to the country's growth potential if it continues to appreciate against the USD and manage it accordingly.

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