AUD to NZD Forecast

In 2018, the New Zealand exchange rate has been steadily falling, just like the Australian dollar. The result? A fairly tight AUD to NZD exchange rate range between 1.0800-1.1000 in the last month.

Going forward, will the AUD to NZD exchange rates stay in this range, or will it break out? This article presents top 4 bank outlooks for the AUD to NZD in 2019 and is updated regularly.

All the major banks have released their forecasts for the AUD NZD exchange rate for 2020.

For the latest look at these forecasts, read our AUD NZD Forecasts for 2020.

AUD to NZD Bank Predictions for 2019

The top banks in Australia and New Zealand mostly have a pessimistic outlook for both the Kiwi (NZD) and the Aussie (AUD) for the rest of this year. With both currencies falling further and faster than expectations, the top banks have lowered their NZD/USD and AUD/USD outlooks.

Despite this, the AUD to NZD does appear to be rising, which suggests the Aussie currency performing slightly better than its Kiwi counterpart. The top banks are expecting the AUD to NZD exchange rate to gradually decline in 2019.

Check today's AUD/NZD RateCurrency Converter and Graph.

What are the AUD to NZD Bank Forecasts Today?


ANZ changed their expectation to its AUD to NZD forecast recently. ANZ says it's hard to be upbeat on the NZD and expects the AUD to NZD exchange rate to end 2019 at 1.0900.

The Commonwealth Bank (CBA) sees the AUD to NZD exchange rate remaining around 1.1100 by the end of 2018.

National Australia Bank recently raised its AUD to NZD forecast exchange rates for the end of the year to 1.0700.


Westpac tweaked their AUD to NZD forecast down for their forecasts and is still fairly negative. Westpac expects the AUD to NZD to fall to around 1.0200 by the end of the year.

Compare Kiwi Dollar Exchange Rates

Compare exchange rates from Australian banks and foreign exchange leaders.

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What about AUD to NZD Long Term Forecasts?

The banks outlooks for the AUD to NZD exchange rate in 2019 remains negative. Most of the banks are expecting a flat to lower trend by the end of the year.

  • ANZ bank is even more negative in 2019, with the AUD to NZD rate expected to rise up to 1.1500 by the end of 2019.
  • CBA has an expectation that the AUD to NZD rate will gradually rise towards 1.1000 by the end of the year.
  • In 2019, NAB is expecting the AUD to NZD rate to decline slightly by the end the year to 1.0900.
  • Similarly, Westpac expects the AUD to NZD rate to slowly fall to 1.0900 by the end of 2019.
AUD to NZD 2018 and 2019 Graph

NZD to AUD Forecasts

Hand holding Australian dollar in office with computer screen showing foreign exchange table in background

Exchange rates are the relative prices between two currencies and this is why currencies are expressed in pairs. The major Australian bank forecasts are in Australian dollar terms, or the currency pair AUD/NZD. But if you're interested in bank forecasts in New Zealand or "Kiwi" Dollar terms or NZD/AUD you can calculate it.

To convert from NZD to AUD all you need to do is divide 1 by the rate.

For example, if the AUD to NZD exchange rate is 1.1000, then $1.00 Australian dollar is worth NZD $1.10. You divide 1 by 1.1000 to find the NZD/AUD exchange rate of 0.9090.

In this example, $1.00 New Zealand dollar is equivalent to AUD $0.9090 or approximately 91 Australian cents.

To save you some time, we have already calculated the "Big 4" bank December 2019 forecasts for you in the table below.

AUD to NZD Forecast NZD to AUD Forecast
ANZ 1.1500 0.8696
CBA 1.1100 0.9009
Westpac 1.0900 0.9174
NAB 1.0900 0.9174
Average 1.1100 0.9013

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By Natalie Robertson Updated March 4th, 2021