NZD to AUD Exchange Rate

The lowdown on the Australian dollar

What is the Australian Dollar?

The Australian dollar (AUD), often nicknamed the Aussie, is the official currency of Australia and one of the most traded currencies in the world. It’s sometimes written as A$ to set it apart from other dollar-based currencies.

The AUD replaced the Australian pound in 1966, when the country switched to a decimal system. While quirky names like the roo, emu and boomer were floated, "Australian dollar" won out for simplicity.

Today, the AUD is recognised for its colourful, polymer banknotes. Not only are they harder to counterfeit, but they’re also waterproof and durable—perfect for a dip at Bondi.

NZD vs AUD: What Moves the Exchange Rate?

If you're comparing the NZD vs AUD, several factors influence the exchange rate between the two:

• Interest rates set by the Reserve Bank of Australia and the Reserve Bank of New Zealand
• Commodity prices, especially iron ore and coal for Australia
• Trade relationships and economic data, like inflation or employment reports
• Global market trends and investor confidence

These elements can cause daily shifts in the NZD to AUD exchange rate, so keeping an eye on the market helps you choose the best time to convert.

NZD to AUD Exchange Rate History

Over the past decade, the rate has seen its share of ups and downs:

• In 2015, the NZD was particularly strong, reaching nearly 1:1 parity with the AUD.
• In 2018, the NZD again climbed close to parity, trading at 0.95511 AUD in December.
• Since then, the rate has fluctuated between 0.88 to 0.95 AUD, reflecting ongoing changes in both countries' economies.

Want to make sure you convert New Zealand dollars at the best rate? Set a Travelex currency rate alert and we’ll let you know when the NZD to AUD rate hits your target.

^Sources:

^{1. XE - https://www.xe.com/currencycharts/?from=NZD&to=AUD&view=5Y. Based on mid-market rates.}