🇦🇺 AUD vs 🇳🇿 NZD: Currency Strength Comparison
Data updated: November 6, 2026
On November 6, 2026, one Australian Dollar bought 1.2394 NZD at the official reference rate, so per unit the Australian Dollar is worth more. A higher unit value only reflects how each currency is denominated, not which one is gaining: over the past 12 months AUD strengthened by 7.8% against NZD, so on momentum the Australian Dollar (AUD) is the stronger of the two.
Adjusted for consumer-price inflation in both economies, AUD gained 7.6% in real terms against NZD over the same period.
AUD relative to NZD
Positive values mean AUD strengthened against NZD.
AUD vs NZD over the last three years
AUD against NZD, index 100 on November 6, 2023. A rising line means AUD gained on NZD. Dashed: the same, adjusted for consumer-price inflation in both economies. Green dot: 3-year high, red: 3-year low.
- 3-year high: 115.1 on October 28, 2026, when AUD was at its strongest against NZD in the period.
- 3-year low: 97.3 on February 23, 2024.
- Now: 113.9, 1.1% below the high and 17% above the low.
- Sharpest one-month move: AUD rose 4.3% against NZD between August 20, 2026 and September 18, 2026, around the time of “RBNZ hikes again, OCR to 2.75%” (🇳🇿 September 2, 2026).
What moved AUD and NZD
- · 🇳🇿 RBNZ hikes OCR to 2.50% — New Zealand's central bank raises rates again to bring inflation back to target
- · 🇦🇺 RBA hikes to 4.35%, full reversal — A third straight 2026 hike fully unwinds all of 2025's rate cuts within nine months
- · 🇦🇺 RBA reverses course, hikes to 3.85% — RBA delivers its first hike since 2023, reversing 2025's easing
- · 🇳🇿 RBNZ cuts to 2.25%, signals end — RBNZ cuts to a three-year low while signaling its easing cycle is complete
- · 🇦🇺 RBA starts cutting — RBA cuts rate to 4.10%, first cut since 2020
- · 🇳🇿 RBNZ starts cutting — RBNZ begins easing cycle, cuts from 5.50% peak
Major central-bank decisions, elections and shocks for the two currencies since November 6, 2023. The interactive chart marks them on the line.
Performance against 15 major currencies
| Currency | 12-month change vs basket | Rank |
|---|---|---|
| 🇦🇺 Australian Dollar (AUD) | +7% | #2 of 16 |
| 🇳🇿 New Zealand Dollar (NZD) | -1.2% | #9 of 16 |
Open the interactive AUD/NZD chart →
How this comparison works
Each currency's strength index starts at 100 and accumulates its daily change against 15 other major currencies (a geometric mean of pairwise exchange-rate moves), using European Central Bank reference rates and other official sources. The relative figures above divide AUD's index by NZD's, so they reflect the two currencies' performance against each other while accounting for the whole basket. The real variant additionally adjusts each currency for its domestic CPI inflation.
Read the full methodology →Frequently asked questions
Is AUD stronger than NZD right now?
It depends on the question. Per unit, 1 AUD = 1.2394 NZD (reference rate, November 6, 2026), so the Australian Dollar is worth more. As for which one is gaining, over the past 12 months AUD strengthened by 7.8% against NZD, so on momentum the Australian Dollar (AUD) is the stronger of the two.
How do AUD and NZD perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, AUD ranks #2 of 16 (+7%) while NZD ranks #9 (-1.2%).
What does the AUD vs NZD strength comparison show?
Rather than a single exchange rate, this page compares how each currency performed against a basket of 15 major currencies, then derives their relative strength. It filters out moves caused by the other currency alone and shows who is truly stronger.
How often is the data updated?
Every trading day (Monday to Friday), after the European Central Bank publishes its reference rates, usually around 16:00 CET.