NZD to AUD Exchange Rate

About 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 currency code for the Australian dollar is AUD, its currency symbol is $. New Zealand shares that dollar sign but uses the code NZD.

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

Today, the AUD is known for its colourful polymer banknotes. They're durable and hard to counterfeit.

What moves the NZD to AUD rate?

The New Zealand dollar to Australian dollar exchange rate never sits still. Like any foreign exchange rate, it shifts through the day on the global forex market. Here's what nudges it.

• Interest rate decisions by the Reserve Bank of Australia and the Reserve Bank of New Zealand
• Commodity prices, including iron ore and coal prices in Australia
• Economic data such as inflation and employment figures
• Global investor demand for AUD and NZD

These factors can change the NZD to AUD rate throughout the day.

A closer look at NZD to AUD over the years

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

• In 2015, NZD moved close to parity with AUD.
• In 2018, the NZD again climbed close to parity, trading at 0.95511 AUD in December.
• Since then, the rate has moved into a different range, shaped by ongoing changes in both countries' economies.

If you have a target rate in mind, set a Travelex currency rate alert and we'll let you know when the NZD to AUD rate reaches it.

^Sources:

1. XE - https://www.xe.com/currencycharts/?from=NZD&to=AUD. Based on mid-market rates.