🇪🇺 EUR vs 🇳🇿 NZD: Currency Strength Comparison
Data updated: November 6, 2026
On November 6, 2026, one Euro bought 2.0141 NZD at the official reference rate, so per unit the Euro is worth more. A higher unit value only reflects how each currency is denominated, not which one is gaining: over the past 12 months EUR weakened by 1% against NZD, so on momentum the New Zealand Dollar (NZD) is the stronger of the two.
Adjusted for consumer-price inflation in both economies, EUR lost 1.3% in real terms against NZD over the same period.
EUR relative to NZD
Positive values mean EUR strengthened against NZD.
EUR vs NZD over the last three years
EUR against NZD, index 100 on November 6, 2023. A rising line means EUR 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: 114.5 on November 25, 2025, when EUR was at its strongest against NZD in the period.
- 3-year low: 96.8 on June 14, 2024.
- Now: 112.0, 2.2% below the high and 15.6% above the low.
- Sharpest one-month move: EUR rose 6% against NZD between March 26, 2025 and April 9, 2025.
What moved EUR and NZD
- · 🇳🇿 RBNZ hikes OCR to 2.50% — New Zealand's central bank raises rates again to bring inflation back to target
- · 🇪🇺 ECB unexpectedly hikes to 2.25% — ECB reverses course with a surprise hike, defying market expectations of a hold
- · 🇳🇿 RBNZ cuts to 2.25%, signals end — RBNZ cuts to a three-year low while signaling its easing cycle is complete
- · 🇪🇺 EU-US agree 15% tariff deal — Von der Leyen and Trump strike a deal capping most EU exports at a 15% tariff
- · 🇪🇺 ECB cuts to 2.00%, pauses easing — ECB's eighth cut since June 2024 brings the deposit rate to 2.00%
- · 🇪🇺 Merz elected German chancellor — Friedrich Merz becomes chancellor after a rare failed first vote, then wins a repeat ballot
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 |
|---|---|---|
| 🇪🇺 Euro (EUR) | -2.3% | #11 of 16 |
| 🇳🇿 New Zealand Dollar (NZD) | -1.2% | #9 of 16 |
Open the interactive EUR/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 EUR'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 EUR stronger than NZD right now?
It depends on the question. Per unit, 1 EUR = 2.0141 NZD (reference rate, November 6, 2026), so the Euro is worth more. As for which one is gaining, over the past 12 months EUR weakened by 1% against NZD, so on momentum the New Zealand Dollar (NZD) is the stronger of the two.
How do EUR and NZD perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, EUR ranks #11 of 16 (-2.3%) while NZD ranks #9 (-1.2%).
What does the EUR 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.