Currency
NZD/USD exchange-rate chart
NZD/USD quotes the New Zealand dollar, issued by the Reserve Bank of New Zealand (RBNZ), against the US dollar, issued by the Federal Reserve. The New Zealand dollar (commonly called the 'kiwi') is the base currency and the US dollar is the quote currency, so the figure shown is how many US dollars one New Zealand dollar buys.
This is an interbank spot mid-market quote. New Zealand's economy has a large agricultural export base, particularly dairy, giving the currency a commodity-linked character alongside the usual interest-rate and risk-sentiment drivers.
NZD / USD chart
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At a glance
| Full name | New Zealand Dollar / United States Dollar |
|---|---|
| Pair code | NZD/USD |
| TradingView symbol | FX:NZDUSD |
| Instrument type | Spot FX interbank quote (mid-market) |
| Base currency | New Zealand dollar (NZD) |
| Quote currency | US dollar (USD) |
| What one unit represents | How many US dollars one New Zealand dollar buys |
| Market schedule | Roughly 24 hours a day, Sunday evening to Friday evening UTC; closed at weekends |
| Central banks involved | Reserve Bank of New Zealand; US Federal Reserve |
| Liquidity/session notes | Most active during the Asia-Pacific session; generally thinner liquidity than the larger G10 pairs |
| Data delay note | Chart data may be delayed; this page is not a dealing or payment rate |
What is NZD / USD?
The Reserve Bank of New Zealand issues the New Zealand dollar and sets policy for a small, open economy with heavy exposure to agricultural exports, particularly dairy. The Federal Reserve issues the dollar.
Dairy and other agricultural commodities make up a large share of New Zealand's exports, so global dairy prices and demand from major buyers can move the currency, on top of the usual interest-rate and risk-sentiment factors.
How to read this chart
A rising line means the New Zealand dollar is strengthening: one kiwi dollar buys more US dollars. A falling line means it's weakening.
A New Zealand exporter selling dairy or other goods priced in US dollars gets fewer New Zealand dollars per sale when NZD/USD rises, and more when it falls. The chart is a mid-market reference rate, not a payment or dealing rate.
What moves it?
- Dairy and agricultural commodity prices
- As a major dairy exporter, New Zealand's currency is sensitive to global dairy auction results and broader agricultural commodity prices.
- Reserve Bank of New Zealand policy
- RBNZ rate decisions and inflation guidance directly affect the New Zealand dollar side of the pair.
- US Federal Reserve policy
- Fed decisions and US data affect the US dollar side of the pair, as with other USD crosses.
- Risk sentiment
- As a smaller, higher-beta currency, the New Zealand dollar tends to weaken more sharply than larger currencies during episodes of broad risk aversion.
- Trading partner demand, especially China and Australia
- New Zealand's export demand tracks conditions in its major trading partners closely, feeding through into currency sentiment.
Why people watch it
Businesses trading with New Zealand counterparties, particularly in agriculture and food exports, use NZD/USD to price contracts and manage currency risk on cross-border sales.
The New Zealand dollar tends to move more sharply than larger currencies during shifts in risk sentiment, so treasury teams with kiwi exposure often build wider hedging buffers around this pair.
NZD/USD vs AUD/USD
The New Zealand and Australian dollars often move together, given their shared status as commodity-linked, Asia-Pacific currencies with similar sensitivity to risk sentiment and Chinese demand.
Comparing NZD/USD with AUD/USD shows whether a move reflects broad regional currency sentiment or factors specific to New Zealand, such as dairy prices or RBNZ policy.
Frequently asked questions
Why is the New Zealand dollar called the 'kiwi'?
The nickname refers to the kiwi bird, a national symbol of New Zealand, and by extension the country's currency.
Why do dairy prices affect NZD/USD?
Dairy is one of New Zealand's largest export categories, so global dairy prices and demand influence export revenue and, in turn, sentiment towards the currency.
What does a weaker New Zealand dollar mean for an exporter?
A weaker kiwi (falling NZD/USD) means US-dollar export sales convert into more New Zealand dollars, which can support exporter revenue, all else equal.
Why is my bank's rate different from the NZD/USD chart?
The chart is an interbank mid-market rate; actual transfers carry an added margin set by the bank or payment provider.
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Sources
- Reserve Bank of New Zealand statistics
- Federal Reserve H.10 foreign exchange rates
- BIS triennial FX survey
Written and maintained by the StandardsDesk editorial team. Last reviewed 2026-08-06. The text here is deliberately evergreen: it is not rewritten every time the market moves, and no price or level is quoted anywhere outside the chart itself.
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