1 New Zealand dollar to US dollars Exchange Rate Convert NZD USD

Set an alert now, and we’ll tell you when it gets better. And with our daily summaries, you’ll never miss out on the latest news. The U.S. dollar is the currency most used in Beyond Technical Analysis international transactions. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. Need to know when a currency hits a specific rate? The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs.

The performance of the Chinese economy tends to move the Kiwi because China is New Zealand’s biggest trading partner. Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency. Another factor moving NZD is dairy prices as the dairy industry is New Zealand’s main export. High dairy prices boost export income, contributing positively to the economy and thus to the NZD.

Quick Conversions from New Zealand Dollar to United States Dollar : 1 NZD = 0.5840179 USD

The Reserve Bank of New Zealand (RBNZ) aims to achieve and maintain an inflation rate between 1% and 3% over the medium How to buy cumrocket term, with a focus to keep it near the 2% mid-point. To this end, the bank sets an appropriate level of interest rates. On the contrary, lower interest rates tend to weaken NZD. The so-called rate differential, or how rates in New Zealand are or are expected to be compared to the ones set by the US Federal Reserve, can also play a key role in moving the NZD/USD pair.

On Thursday, New Zealand’s Treasury Chief Economic Adviser, Dominick Stephens, said it would likely revise down its economic and fiscal forecasts due to a prolonged slowdown in productivity. This led investors to fully anticipate a 50 basis point (bps) rate cut, with a 12% chance of a larger 75 bps reduction in November’s policy meeting. Scott Bessent’s nomination as US Treasury Secretary clears a major point of uncertainty for markets. The author has not received compensation for writing this article, other than from FXStreet.

Macroeconomic data releases in New Zealand are key to assess the state of the economy and can impact the New Zealand Dollar’s (NZD) valuation. A strong economy, based on high economic growth, low unemployment and high confidence is good for NZD. High economic growth attracts foreign investment and may encourage the Reserve Bank of New Zealand to increase interest rates, if this economic strength comes together with elevated inflation.

New Zealand Dollar Exchange Rate

However, the period between 3-4 PM GMT is often a good time to convert New Zealand Dollars to US Dollars because asset pricing and portfolio choice theory currency market liquidity and trading volume tend to be the highest during this time. Additionally, it’s advisable to convert New Zealand Dollars to US Dollars early in the week if you need USD urgently. We partner with leading data providers to bring you the latest and most accurate prices for all major currencies, cryptocurrencies and precious metals. Compare our rate and fee with our competitors and see the difference for yourself.

Central Bank Rates

To view rates between the US Dollar and the New Zealand Dollar for a particular year, click on one of the links below. To view rates between the New Zealand Dollar and the US Dollar for a particular year, click on one of the links below.

USD to NZD Exchange Rates

1. Additionally, it’s advisable to convert New Zealand Dollars to US Dollars early in the week if you need USD urgently.
2. To this end, the bank sets an appropriate level of interest rates.
3. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity.
4. Traders will be closely monitoring the US weekly Initial Jobless Claims, the Philadelphia Fed Manufacturing Index, and Existing Home Sales, all of which are scheduled for release later on Thursday.

Meanwhile, Fed Governor Michelle Bowman highlighted that inflation remains elevated over the past few months and stressed the need for the Fed to proceed cautiously with rate cuts. The US Dollar may appreciate further due to the cautious remarks from Federal Reserve (Fed) officials. Additionally, market expectations suggest that the incoming Donald Trump administration will spur inflation, thereby slowing the rate cut trajectory from the Fed, lending support to the Greenback. All investment services are provided by the respective Wise Assets entity in your location.

The USD and NZD can be traded 24×5, starting from the time markets open on Monday mornings in Sydney until they close on Fridays at 5 PM in New York. Exchange rates can fluctuate by the minute while markets are open. However, the period between 3-4 PM GMT is often a good time to convert US Dollars to New Zealand Dollars because currency market liquidity and trading volume tend to be the highest during this time. Additionally, it’s advisable to convert US Dollars to New Zealand Dollars early in the week if you need NZD urgently. Executing a trade late in the week might result in a delayed settlement until the following week, as forex markets are closed on weekends. The NZD and USD can be traded 24×5, starting from the time markets open on Monday mornings in Sydney until they close on Fridays at 5 PM in New York.

Conversely, if economic data is weak, NZD is likely to depreciate. Whether you need to make cross-border payments or FX risk management solutions, we’ve got you covered. Schedule international transfers and manage foreign exchange risk across 130 currencies in 190+ countries. Exchange-rates.org has been a leading provider of currency, cryptocurrency and precious metal prices for nearly 20 years. Our information is trusted by millions of users across the globe each month .