US Dollar

Symbol	Last	Change	%	High	Low
NZD / USD	0.5601	+0.0067	+1.21%	0.5623	0.5531
Open Last Trade : 08:45		GMT Time : Tue Apr 08 2025 08:45

NZD/USD : Intraday Live Chart

NZD/USD : Technical Signal Buy & Sell

5 Min Signal	1 Hour Signal	1 Day Signal
Buy	Sell	Buy

NZD/USD : Moving Averages

Period	MA 20	MA 50	MA 100
5 Minutes	0.56	0.56	0.56
1 Hour	0.56	0.56	0.56
1 Day	0.57	0.57	0.57
1 Week	0.58	0.60	0.60

NZD/USD : Technical Resistance Level

Resistance 1 - R1	Resistance 2 - R2	Resistance 3 - r3
0.5540	0.5545	0.5558

NZD/USD : Technical Support Level

Support 1 - S1	Support 2 - S2	Support 3 - S3
0.5522	0.5509	0.5504

NZD/USD : Periodical High, Low & Average

Period	High Change from Last	Low Change from Last	Average Change from Last
1 Week	0.5549 +0.0052	0.5531 +0.0070	0.5533 +0.0068
1 Month	0.5830 -0.0229	0.5531 +0.0070	0.5728 -0.0127
3 Month	0.5830 -0.0229	0.5520 +0.0081	0.5684 -0.0083
6 Month	0.6150 -0.0549	0.5520 +0.0081	0.5777 -0.0176
1 Year	0.6380 -0.0779	0.5520 +0.0081	0.5941 -0.0340

NZD/USD : Historical Chart

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About NZD / USD

NZD to USD Exchange Rate: Commodity Correlation and Fed vs RBNZ Policy Driving Volatility

The NZD to USD exchange rate encapsulates the performance of a commodity-export-driven small economy (New Zealand) against the world’s dominant reserve currency (the US dollar). This pair is sensitive to shifts in global risk sentiment, interest rate differentials, and commodity cycles—especially dairy, meat, and wool, which are major New Zealand exports.

1990s: Structural Reforms and USD Dominance

In the 1990s:

NZD/USD mostly ranged between 0.50–0.70, with high volatility.
New Zealand was undergoing economic liberalization, removing subsidies and shifting to a market-based framework.
Meanwhile, the USD remained strong on the back of post-Cold War dominance and a booming US economy.

NZD appreciated during global growth cycles but remained vulnerable to external shocks, particularly from Asia-Pacific.

2000–2008: Commodity Boom Favors NZD

The early 2000s saw a strong NZD recovery:

NZD/USD climbed from ~0.39 in 2001 to ~0.80 by 2008.
This coincided with the global commodity supercycle, driven by Chinese demand and rising dairy prices.
The RBNZ kept rates high (6–8%) to manage inflation, drawing in capital flows.

The USD weakened during this period, weighed down by twin deficits and early signs of the US housing bubble.

2008–2012: Financial Crisis and Safe-Haven Flows

The 2008 global financial crisis reversed these gains:

NZD/USD plummeted to ~0.49 in late 2008, as risk aversion surged and investors fled to the safety of the dollar.
New Zealand entered a mild recession, and the RBNZ slashed rates rapidly.
The USD strengthened as the world’s reserve currency, despite domestic turmoil.

The pair rebounded gradually post-crisis but remained sensitive to Fed actions and commodity prices.

2013–2019: Fed Normalization vs RBNZ Divergence

This decade featured alternating strength:

NZD/USD fluctuated between 0.65 and 0.88, peaking in 2014.
While the RBNZ hiked briefly, the Fed began gradual rate normalization, supporting USD strength post-2016.
Weak dairy prices and soft inflation capped NZD upside.

Overall, the decade ended with the USD on top, but the NZD remained resilient due to strong economic fundamentals.

2020–2024: Pandemic Shock, Commodity Rebound, and Diverging Central Banks

A highly volatile era:

NZD/USD fell to 0.56 in March 2020 due to the COVID-19 panic.
It rebounded strongly as global stimulus, rising dairy exports, and RBNZ’s early rate hikes supported the kiwi.
By mid-2021, NZD/USD hit ~0.74, before retreating on Fed tightening expectations.
In 2023–24, the USD gained ground again as Fed rates peaked at 5.5%, while the RBNZ paused hikes around 5.5%.

The pair has since traded in a tight 0.59–0.63 range, influenced by shifting yield spreads and commodity demand.

April 2025 Snapshot: Dollar Reasserts Control

As of April 2025, NZD/USD trades near 0.605, reflecting:

A stronger USD as the Fed delays rate cuts amid sticky US inflation.
Weaker global demand for New Zealand exports, especially as China’s growth slows.
NZD pressure from a potential RBNZ rate cut later this year.

The pair remains vulnerable to external shocks, especially if the Fed maintains a hawkish tone through Q2.

✅ Key

🟢 = NZD appreciated vs USD
❌ = NZD depreciated vs USD
⚠️ = Mixed or sideways movement

📊 NZD to USD Exchange Rate by Decade

Decade	Avg. NZD/USD Rate (Approx)	Change vs. Previous Decade	Key Events
1990s	0.63	⚠️ Range-bound	NZ reforms, USD strength, Asian crisis
2000s	0.68	🟢 NZD gains	Commodity boom, USD weakness, high NZ rates
2010s	0.72	⚠️ Mixed	Fed hikes, NZ dairy volatility, global uncertainty
2020s (till 2025)	0.64	❌ NZD underperforms	Pandemic, Fed hawkish pivot, NZ export challenges

While the NZD to USD exchange rate reflects a relatively minor economy against the world’s financial powerhouse, it serves as a proxy for global risk appetite and commodity market sentiment. With central bank divergence continuing into 2025, traders will closely watch Fed inflation rhetoric, China’s growth path, and New Zealand’s trade metrics to assess near-term direction.