NZD/USD Exchange Rate Today, Forecast & News

NZD/USD
New Zealand Dollar - US Dollar
Open
0.59583-0.00369 (-0.62%)
As of: Oct 02, 2023 14:31 UTC
Open
0.59954
High
0.60081
Low
0.59543

Stats

Prev. Close

0.59952

Open

0.59954

Day's Range

0.59543 - 0.60081

52 Week Range

0.54566 - 0.65920

YTD Change

-6.17%

1 Year Change

6.38%

Economic CalendarAll Events

Time zone: GMT

Friday, September 29th 2023
Time	Currency	Event	Impact	Actual	Consensus	Previous
16:45	USD	Fed Williams Speech	Medium

Monday, October 2nd 2023
Time	Currency	Event	Impact	Actual	Consensus	Previous
13:45	USD	S&P Global Manufacturing PMI FinalSep	Medium	49.8	48.9	47.9
14:00	USD	ISM Manufacturing PMISep	High	49	47.8	47.6
14:00	USD	ISM Manufacturing EmploymentSep	Medium	51.2	48.3	48.5
15:00	USD	Fed Harker Speech	Medium
15:00	USD	Fed Chair Powell Speech	Medium
17:00	USD	Fed Barr Speech	Medium

NZD/USD

The Kiwi Dollar is also referred to as the Kiwi is a commodity currency. Due to interest rate differentials in favor of the Kiwi, the Kiwi Dollar is a carry trade currency. Additionally, dairy prices and tourism influence the Kiwi Dollar. New Zealand is the world's largest exporter of milk powder, with tourism a key contributor to the NZ economy. Heavy export volumes to China make the Kiwi Dollar sensitive to economic data from China. The NZD/USD pairing is equal 7th most liquid pairing, accounting for 4% of total transaction volume.

	New Zealand		United States
Interest Rate	5.5% Aug 23		5.5% Sep 23
Inflation Rate	6% Jun 23		3.7% Aug 23
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AA+Stable	AaaStable	AA+Stable