🇳🇿 NZD vs 🇺🇸 USD: Currency Strength Comparison
Data updated: September 23, 2026
As of September 23, 2026, the US Dollar (USD) is the stronger of the two: over the past 12 months NZD weakened by 2.9% against USD.
Adjusted for consumer-price inflation in both economies, NZD lost 2.7% in real terms against USD over the same period.
NZD relative to USD
Positive values mean NZD strengthened against USD.
Performance against 15 major currencies
| Currency | 12-month change vs basket | Rank |
|---|---|---|
| 🇳🇿 New Zealand Dollar (NZD) | -1.1% | #8 of 16 |
| 🇺🇸 US Dollar (USD) | +2.1% | #5 of 16 |
Open the interactive NZD/USD 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 NZD's index by USD'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 NZD stronger than USD right now?
Measured over the past 12 months, USD is the stronger currency: NZD lost 2.9% against USD.
How do NZD and USD perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, NZD ranks #8 of 16 (-1.1%) while USD ranks #5 (+2.1%).
What does the NZD vs USD 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.