NZD Forecast – Where Next for the Kiwi Dollar?

The NZD has seen its levels improve against Sterling of late but is still struggling to make any impact under 1.90. The Pound has found plenty of support around this key threshold, despite the on-going concerns surrounding the UK economy. Brexit talks have come back into focus and the Bank of England’s (BoE) recent decision not to raise interest rates, has also sapped investor confidence in the Pound. The Reserve Bank of New Zealand (RBNZ) on the other hand were fairly bullish, citing strong export figures and...
New Zealand Dollar: NZD Falls on Declaration of Pandemic and Europe Travel Ban

New Zealand Dollar Strength as Trade War Cools

The New Zealand dollar has been boosted after a cooling off in tensions between the US and China over trade. US Treasury Secretary Steven Mnuchin has stated that the US / China trade battle is now on hold which has been received well in the global context. The New Zealand dollar is heavily impacted by these kind of developments owing to its standing as a commodity currency. In time of global uncertainty the commodity currencies which includes the kiwi dollar are seen as higher...

Will GBPNZD reach 2? Inflation data this week key…

The pound to New Zealand dollar exchange rates has come very close to hitting 1 GBP to 2 NZD hitting 1.98 on the interbank rate before Christmas. In 2018 we have 1.96 as the highest point but with rates very close to breaking the 2018 highs, will we see 1 GBP buying 2 New Zealand dollars anytime soon? Let us look at some of the factors which will shape GBPNZD exchange rates and try to gauge and assess the likelihood of this happening in the...
4-Year High Targeted Amid COVID-19 Fears

New Zealand dollar strengthens across the board

Throughout yesterdays trading session risk appetite returned to the market and commodity currencies including the New Zealand dollar benefited. President Xi Jingping of China gave a speech at the annual Boao Forum and explained that China want to open up to world and relax some tariffs making worldwide trade easier. In addition the key message of the speech was that he avoided any negative rhetoric toward Donald Trump and the US, leading investors to believe that the trade wars could be coming to an...
GBPNZD Exchange Rate: New Zealand Dollar Gains Over Sterling as Coronavirus Cases Dwindle

New Zealand Dollar has gained 7% on Australian Dollar since October 2017

Looking back over the past 6 months and one currency pairing of note is NZD/AUD which has shown a vast increase in value for the New Zealand Dollar. This pairing has had a funny 12 months as a whole, in June we were seeing rates up near the 0.96 level, this swiftly dropped by roughly 8% by October and hit a yearly low of 0.88, only to make a fightback in recent times and claw back almost all of those losses. The Australian Dollar is starting...

What can we expect next on GBPNZD rates?

The pound to New Zealand dollar exchange rate is still at a very good level, they have been over 1.90 once again trading in the 1.93-1.94 range today. There is a general belief rates could improve further but we will need to see some more positive news to rise back above the December high of 1.98. April sees a whole new set of economic news and events to move the market, the key information will be the New Zealand interest rate decision on May 10th....

New Zealand Dollar remains strong, hitting an 8-year high versus the Australian Dollar (Joseph...

Although many of our readers tend to be concerned with the Pound to New Zealand Dollar rate, looking into how the Kiwi is performing against other major currency pairs can be useful as it provides you with an idea of how the currency is performing on the whole. Despite losing quite a lot of value against the Pound recently, mostly owning to Sterling strength after the currency has been boosted as the Brexit transitional agreement has been made, the Kiwi has been performing well recently...

GBP NZD Breaks over 1.90 ahead of GDP Data

New Zealand Gross Domestic Product (GDP) numbers are released tomorrow evening and are expected to see a jump higher to 3.1%. A positive number could help lift the kiwi dollar creating some better opportunities for those clients looking to sell New Zealand dollars. The Reserve Bank of New Zealand (RBNZ) meet next Wednesday and will announce its latest interest rate decision. The RBNZ meeting will be hugely important for the future of the kiwi dollar especially considering developments in the US and how many times...
New Zealand Dollar: NZD Falls on Declaration of Pandemic and Europe Travel Ban

Where next for GBPNZD and USDNZD?

Over the last 2 years the New Zealand dollar has had a strong run against sterling and the US dollar. Ultimately you can suggest that Brexit has put pressure on sterling and Donald Trump's antics have put pressure on the US dollar, nevertheless the New Zealand dollar has been performing well. Many economists believe that the New Zealand dollar strength comes from the gains they have received from high interest rates coupled with low volatility, apart from an General Election, which failed to spring to...

NZD gains off the back of Trump – Kim Jong Un meeting news (Joseph...

The New Zealand Dollar has benefited from the surprising news that US President, Donald Trump is now prepared to meet North Korean leader, Kim Jong Un possibly before May. The NZD along with the Australian Dollar has softened at times of increases tensions between the two leaders over the last year, due to uncertainty in the region. The boost to the Kiwi's value is understandable as the news is considered a positive for the NZD's value moving forward. As it stands Kim Jong Un has offered...