The New Zealand dollar edged lower to around $0.582 on Wednesday, extending the previous session’s losses as investors reassessed the Reserve Bank’s policy outlook following comments from the central bank. Governor Anna Breman said on Tuesday the RBNZ will look through temporary energy-driven inflation but is prepared to hike rates if persistent price pressures threaten inflation expectations. Since the conflict erupted, investors have speculated that the RBNZ may need to tighten policy earlier than expected to offset the inflationary impact of rising energy costs. However, Breman’s comments prompted markets to trim bets on an imminent move. Markets are pricing in a 44% chance of a rate hike in May, down from 68% at the start of the week. Chief Economist Paul Conway also noted that the central bank continues to see lingering economic slack, which will influence how forcefully it responds to any inflationary pressures stemming from higher oil prices.
The NZD/USD exchange rate fell to 0.5822 on March 25, 2026, down 0.25% from the previous session. Over the past month, the New Zealand Dollar has weakened 2.67%, but it's up by 1.62% 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 March 25 of 2026.
The NZD/USD exchange rate fell to 0.5822 on March 25, 2026, down 0.25% from the previous session. Over the past month, the New Zealand Dollar has weakened 2.67%, but it's up by 1.62% over the last 12 months. The New Zealand Dollar is expected to trade at 0.58 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.60 in 12 months time.