CAD/NZD Exchange Rates

Find the latest updates on the CAD/NZD exchange rate here. Our aim is to demystify the complexities of these currencies, offering you a straightforward view.

Exchange Rates

£
1.00 British Pound =1.15 Euros
1.00 BGR =1.15300946 EUR1.00 EUR =0.85300946 BGR
Our currence converter displays mid-market exchange rates. You won’t receive these rates when making transfers.
Last updated: Jan 1, 2024

About the Canadian Dollar

  • The Canadian Dollar was introduced in 1858, replacing the Canadian pound.
  • The Canadian Dollar is used in Canada.
  • The Canadian Dollar is considered one of the world’s major currencies, known for being stable due to Canada’s stable economy and political system.
  • The symbol for the Canadian Dollar is $ (CAD), with variations like Can$, C$, and CA$ used to distinguish it from other dollar-denominated currencies.
  • It is regulated by the Bank of Canada.

CAD/NZD History

2023

In 2023, the CAD/NZD average exchange rate was approximately 1.207.
The highest rate point of the year was on September 15, 2023, when the rate was 1.25314.
The lowest rate point of the year was on January 19, 2023, when the rate was 1.14948.

2010-2023

Between 2010 and 2023, the CAD/NZD average exchange rate was approximately 1.170.
The highest rate in this period was on June 7, 2010, when the rate was 1.4324.
The lowest rate in this period was on November 4, 2016, when the rate was 1.0181.

CAD/NZD Predictions and Expectations

The Canadian Dollar (CAD) to New Zealand Dollar (NZD) exchange rate has exhibited fluctuations influenced by several economic factors and central bank policies. As we look towards 2024, 2025, and beyond, expert analysis combined with recent performance trends provides insight into potential future movements of this currency pair.

Predictions for 2024

The CAD is expected to experience variability against the NZD in 2024. Analysts suggest that the CAD’s sensitivity to oil prices and a lack of significant domestic data may contribute to its fluctuating performance. A stronger US Dollar (USD) against the CAD is anticipated, potentially affecting the CAD/NZD exchange rate negatively in the short term. However, there are optimistic prospects for the CAD in the latter part of 2024 and into 2025, driven by global economic conditions and oil demand​.

The NZD might face challenges in early 2024 due to declining risk appetite but could see gains against the CAD, particularly if the USD weakens. The Reserve Bank of New Zealand (RBNZ) may adjust interest rates in response to economic indicators, which could further influence the CAD/NZD exchange rate. Analysts are cautiously optimistic about the NZD’s performance, especially in the second quarter of 2024, as potential Federal Reserve easing could shift market dynamics.

CAD NZD exchange rate predictions for 2024

Long-term Outlook (2025 and Beyond)

Looking further ahead, projections suggest a gradual increase in the CAD/NZD exchange rate. WalletInvestor, for instance, forecasts the CAD/NZD pair could reach 1.250 within a year and potentially rise to 1.383 over the next five years, indicating a positive long-term investment opportunity. This expectation is based on technical analysis and assumes a stable increase in the Forex rate prognosis by 2029​.

CAD NZD exchange rate from 2025 and beyond

Learn more about related currencies: