The New Zealand dollar hovered around $0.597 on Monday, close to three-month highs, supported by broad weakness in the US dollar. The greenback remained under pressure following the US Treasury’s announcement last week that it would increase its purchases of longer-dated government bonds. Meanwhile, investors awaited details on what the US has billed as its toughest-ever sanctions campaign against Iran. Tehran, however, dismissed the threat of intensified sanctions over the weekend, keeping tensions elevated. On the data front, New Zealand retail sales fell 0.5% in the June quarter, missing expectations for a 0.1% gain and reversing a 1% increase in the previous quarter. This points to weakening consumer demand, raising concerns about the country’s economic recovery and potentially limiting the scope for further rate hikes. Still, the Reserve Bank of New Zealand is widely expected to raise interest rates again in September as inflation remains elevated.
The NZD/USD exchange rate fell to 0.5974 on August 24, 2026, down 0.10% from the previous session. Over the past month, the New Zealand Dollar has strengthened 3.48%, and is up by 2.15% 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 24 of 2026.
The NZD/USD exchange rate fell to 0.5974 on August 24, 2026, down 0.10% from the previous session. Over the past month, the New Zealand Dollar has strengthened 3.48%, and is up by 2.15% over the last 12 months. The New Zealand Dollar is expected to trade at 0.60 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.