The New Zealand dollar rose to $0.597 but stayed close to its lowest level in almost two weeks, amid reduced bets for an imminent rate hike from the Reserve Bank. A mixed jobs report earlier in the week, showing an unexpected rise in unemployment to a decade high, while employment increased more than forecast, prompted markets to push back expectations for a near-term rate hike. Traders are not fully pricing in an increase until October, while the implied probability of a September move stands at about 70%. The RBNZ is set to meet later this month in what will be the first meeting under its new governor, Anna Breman, and policymakers are widely expected to leave rates unchanged. The central bank will also release updated economic and interest-rate projections, with markets closely watching whether it maintains its guidance for a first rate increase around mid-2027. For the week, the kiwi has fallen about 1%, on track to snap a three-week winning streak.

The NZD/USD exchange rate rose to 0.6021 on February 6, 2026, up 1.17% from the previous session. Over the past month, the New Zealand Dollar has strengthened 4.29%, and is up by 6.36% 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 February 6 of 2026.

The NZD/USD exchange rate rose to 0.6021 on February 6, 2026, up 1.17% from the previous session. Over the past month, the New Zealand Dollar has strengthened 4.29%, and is up by 6.36% over the last 12 months. The New Zealand Dollar is expected to trade at 0.61 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.62 in 12 months time.



Crosses Price Day Year Date
NZDUSD 0.6021 0.0070 1.17% 6.37% Feb/06
EURNZD 1.9631 -0.0087 -0.44% 7.58% Feb/06
GBPNZD 2.2615 -0.0026 -0.11% 3.25% Feb/06
AUDNZD 1.1662 0.0016 0.13% 5.21% Feb/06
NZDJPY 94.6330 1.1728 1.25% 10.40% Feb/06
NZDCNY 4.1718 0.0415 1.01% 0.90% Feb/06
NZDCHF 0.4669 0.0037 0.80% -9.37% Feb/06
NZDCAD 0.8217 0.0058 0.71% 1.55% Feb/06
NZDMXN 10.3878 -0.0299 -0.29% -10.73% Feb/06
NZDINR 54.5018 0.7522 1.40% 9.68% Feb/06
NZDBRL 3.1399 0.0020 0.06% -4.45% Feb/06
NZDRUB 46.3532 0.6793 1.49% -15.57% Feb/06
NZDKRW 880.8438 5.0292 0.57% 6.96% Feb/06
NZDIDR 10,147.1434 97.6897 0.97% 9.79% Feb/06
NZDARS 861.9233 3.6436 0.42% 44.53% Feb/06
NZDCZK 12.3301 0.0725 0.59% -10.49% Feb/06
NZDDKK 3.8025 0.0292 0.77% -7.00% Feb/06
NZDHUF 192.4273 0.2511 0.13% -13.72% Feb/06
NZDMYR 2.3761 0.0272 1.16% -5.47% Feb/06
 Currencies
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Related Last Previous Unit Reference
United States Inflation Rate 2.70 2.70 percent Dec 2025
New Zealand Inflation Rate 3.10 3.00 percent Dec 2025
United States Fed Funds Interest Rate 3.75 3.75 percent Jan 2026
New Zealand Interest Rate 2.25 2.25 percent Dec 2025
United States Unemployment Rate 4.40 4.50 percent Dec 2025
New Zealand Unemployment Rate 5.40 5.30 percent Dec 2025

New Zealand Dollar
The NZDUSD spot exchange rate specifies how much one currency, the NZD, is currently worh in terms of the other, the USD. While the NZDUSD spot exchange rate is quoted and exchanged in the same day, the NZDUSD forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.60 1.49 0.39 1971 - 2026 Daily

News Stream
New Zealand Dollar Remains Near 2-Week Lows
The New Zealand dollar rose to $0.597 but stayed close to its lowest level in almost two weeks, amid reduced bets for an imminent rate hike from the Reserve Bank. A mixed jobs report earlier in the week, showing an unexpected rise in unemployment to a decade high, while employment increased more than forecast, prompted markets to push back expectations for a near-term rate hike. Traders are not fully pricing in an increase until October, while the implied probability of a September move stands at about 70%. The RBNZ is set to meet later this month in what will be the first meeting under its new governor, Anna Breman, and policymakers are widely expected to leave rates unchanged. The central bank will also release updated economic and interest-rate projections, with markets closely watching whether it maintains its guidance for a first rate increase around mid-2027. For the week, the kiwi has fallen about 1%, on track to snap a three-week winning streak.
2026-02-06
New Zealand Dollar Falls After Mixed Jobs Report
The New Zealand dollar fell to $0.599, moving away from a near seven-month high, as mixed labor market data reinforced views that the Reserve Bank may keep interest rates unchanged for now. The unemployment rate ticked up to 5.4% in the fourth quarter, its highest level since 2015, slightly above both the previous reading and market forecasts of 5.3%. However, employment rose by 0.5% over the quarter, stronger than the estimated 0.3% growth. Overall, the figures were broadly in line with the RBNZ’s projections and are unlikely to prompt an immediate shift in monetary policy. As a result, markets reduced bets for a near-term rate hike, with expectations for a move pushed back from September to October. Some economists expect the first increase by December, while others see it occurring in 2027. Meanwhile, a strong dairy auction offered some support, helping to limit deeper losses for the kiwi.
2026-02-04
New Zealand Dollar Rebounds
The New Zealand dollar climbed to around $0.605, moving back toward a seven-month high after a two-day decline, as markets increasingly priced in expectations that the RBNZ will start raising rates later this year. Attention has now turned to labor market data due this week, with the Q4 unemployment rate expected to hold at 5.3%, its highest level since 2016, while employment is forecast to grow by 0.3%. While the data may justify delaying policy tightening until the second half of the year, above-target inflation and firming economic growth leave little doubt that the next policy move will be a rate hike. Policymakers meet on February 18, marking the first decision under new Governor Anna Breman, who is expected to outline her policy vision. Meanwhile, gains were capped by renewed strength in the US dollar after President Donald Trump nominated Kevin Warsh as Fed chair, a move markets view as hawkish and less supportive of aggressive rate cuts.
2026-02-03