![]() It is not investment advice or a solution to buy or sell securities. 0.6130 and 0.6061 are providing supportĬontent is for general information purposes only.NZD/USD is testing resistance at 0.6208.Two consecutive quarters of negative growth technically indicate a recession, although the New Zealand dollar is unlikely to react negatively unless GDP is lower than expected. GDP is expected to have contracted by 0.1% in the first quarter after a -0.6% reading in Q4 2022. With the financial markets focussing on the Fed, New Zealand’s GDP release could be overshadowed. That could well be Powell’s message to the markets, as he must tread a narrow path between Fed members who want to ease up on rates and those who favor more tightening in order to curb inflation. The greenback could rebound if the rate statement and Jerome Powell’s follow-up remarks are hawkish enough to convince the markets that the Fed is pausing but leaving the door open for more hikes. The New Zealand dollar has surged higher, as a pause makes the US dollar less attractive. The rate pause may have been priced in, but the forex markets are busy ahead of the Fed meeting. Tuesday’s inflation report appears to have cemented a pause, as traders have priced in a 98% probability of a pause, according to the CME’s FedWatch. ![]() The markets have had a tough time in recent weeks trying to figure out the Fed’s rate path, having priced in a pause, then a rate hike and back again to a pause. In the North American session, NZD/USD is trading at 0.6229, up 1.36%.Īll eyes are fixated on the Federal Reserve, which is widely expected to pause its rate hikes after increasing rates ten straight times. ![]() The New Zealand dollar has surged today as the markets anxiously await the Fed rate decision later in the day. New Zealand GDP is expected to decline marginally.Fed is widely expected to hold off increasing rates.Once you see the historical exchange rate graph appear, scroll anywhere along the graph line to see the historical exchange rate for that particular day in that year. You can select the specific year for which you wish to see the historical exchange rates. ValutaFX has 10 years of history for most currency pairs. Yes, you can see historical conversion rates from New Zealand Dollars to US Dollars on the New Zealand Dollar to US Dollar history page. Can I see historical conversion rates for NZD to USD? Yes, you can convert over 120 global currencies to US Dollars using the ValutaFX currency converter. The highest New Zealand Dollar to US Dollars exchange rate in the last 5 years was 0.7443 US Dollars per New Zealand Dollar on Wednesday, February 24, 2021. What is the highest NZD to USD rate in the last 5 years? The current exchange rate between the New Zealand Dollar and the US Dollar is 1 NZD = 0.6204 USD. What is the current exchange rate between NZD and USD? In the last 5 years, the New Zealand Dollar has depreciated -7.58% relative to the US Dollar. The New Zealand Dollar is weaker than the US Dollar at this time. If you execute a trade from New Zealand Dollars to US Dollars late in the week, please bear in mind that the trade might not settle until the following week. However, between 3-4 PM GMT is often a good time if you want to convert New Zealand Dollars to US Dollars because trading volumes tend to be highest at this time. What time of the day is best for NZD to USD conversions?Ĭurrency pairs are traded throughout the day, and consequently, their values can fluctuate constantly. In the last 5 years, the US Dollar reached a high of 1.7979 New Zealand Dollars to one US Dollar on Friday, October 14, 2022. When was the US Dollar at its highest compared the New Zealand Dollar in the last 5 years? What is $100 NZD in US Dollars?ġ00 New Zealand Dollars = 62.036 US Dollars as of Monday, J10:45 PM UTC. You can get live exchange rates between New Zealand Dollars and US Dollars using the ValutaFX free online currency converter. NZD to USD Converter - FAQs What is the value of one New Zealand Dollar in US Dollars?ġ New Zealand Dollar = 0.6204 US Dollars as of Monday, J10:45 PM UTC.
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