The New Zealand dollar slipped to around $0.586 as the US dollar edged higher, with investors awaiting US inflation data for fresh clues on the Federal Reserve’s interest-rate path. A hotter-than-expected CPI reading could reinforce expectations for tighter US monetary policy, boosting the greenback. On the domestic front, markets remain set on a rate increase from the Reserve Bank of New Zealand in September after the central bank signalled that further tightening may be needed to remove monetary stimulus and keep inflation under control. However, last week’s soft jobs data has raised questions about how aggressively the RBNZ can continue raising rates. Meanwhile, uncertainty over the prospects for a Middle East peace deal that could reopen the Strait of Hormuz weighed on market confidence. In other news, NZ Prime Minister Christopher Luxon retained his position after a leadership vote among lawmakers from his own party, less than three months before the election.
The NZD/USD exchange rate fell to 0.5860 on August 13, 2026, down 0.34% from the previous session. Over the past month, the New Zealand Dollar has strengthened 1.92%, but it's down by 2.00% over the last 12 months. Historically, the New Zealand Dollar reached an all time high of 1.49 in October of 1973. New Zealand Dollar - data, forecasts, historical chart - was last updated on August 13 of 2026.
The NZD/USD exchange rate fell to 0.5860 on August 13, 2026, down 0.34% from the previous session. Over the past month, the New Zealand Dollar has strengthened 1.92%, but it's down by 2.00% over the last 12 months. The New Zealand Dollar is expected to trade at 0.59 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.61 in 12 months time.