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Last modified on December 12th, 2017 4:47 am

When converting New Zealand dollars (NZD) to Canadian dollars (CAD) or CAD to NZD, by exchanging via Direct FX, you will save a significant amount of money. Our wholesale currency exchange rates for money transfers are significantly more competitive than bank foreign exchange rates. Being Australasian based, we specialise in knowing what drives NZD/CAD currency conversion rates.

NZD to CAD Overview:Both the New Zealand and Canadian dollars are regarded are commodity currencies. NZD/CAD is a relatively stable currency pair. The CAD fortunes are more closely aligned with those of the US and the NZD fortunes more aligned with those of Australia and Asian emerging markets. A break down in correlation can happen in periods of dislocated global growth.

Historical Ranges: 1 year 5 years 10 years
NZD/CAD .9081 – .9922 .7633 – .9922 .6143 – .9922

Current Official Cash Rates:
Reserve Bank of New Zealand (RBNZ): 1.75%         Bank of Canada (BoC): 0.75%

NZD/CAD

Click here for NZDCAD charts

The Canadian dollar (CAD) ended last week buoyed by more solid data, but news of the new RBNZ governor yesterday boosted the New Zealand dollar (NZD). Now around 0.8890, the NZD is over 100 pips higher than 0.8783 that started the week for the on this cross. Immediate resistance is at 0.8926 but we doubt if the Kiwi has wings to push past this level, especially since Canadian data is CAD supportive. Those looking to transfer NZD to CAD should take advantage of this period of NZD strength.

NZD/CAD Exchange Rates

Current Level: 0.8883

Support: 0.8700

Resistance: 0.8930

Last week’s range: 0.8691 – 0.8902

NZD/CAD

Click here for NZDCAD charts

The New Zealand dollar (NZD) closes the week higher against the Canadian dollar (CAD) at 0.8760, up from 0.8683 on Monday. Immediate resistance is around 0.8770 now not far away. Support still at 0.8700 should stay in a narrow range to end this week and open next.

Exchange Rates

The current interbank midrate is: NZDCAD 0.8763

The interbank range this week has been: NZDCAD 0.8642-0.8772

NZD/CAD

Click here for NZDCAD charts

Not much movement on this cross, with the NZD/CAD now at 0.8715 after closing at 0.8701 on Friday and no clear trend. Immediate resistance is at 0.8750 with downside at 0.8700. There is little data this week so should trade within existing ranges over the week.

NZD/CAD Exchange Rates:

Current Level: 0.8710

Support: 0.8700

Resistance: 0.8870

Last week’s range: 0.8642 – 0.8818

NZD/CAD

Click here for NZDCAD charts

We have seen a gradual drift lower for the New Zealand dollar (NZD) on this cross as the Canadian dollar (CAD) has enjoyed support from firmer crude oil prices and better economic data. The NZD/CAD is now at 0.8740 after a week high at 0.8818 two days ago. Immediate support is at 0.8720 level which if broken could extend to 0.8685. Canadian CPI data tonight should provide further direction. NZD lower is favoured on this cross.

Exchange Rates:

The current interbank midrate is: NZDCAD 0.8746

The interbank range this week has been: NZDCAD 0.8725 – 0.8820

NZD/CAD

Click here for NZDCAD charts

Impact on this currency pair:

The New Zealand dollar (NZD) has drifted lower against the Canadian dollar (CAD) over the last 3 days. Now at 0.8755 and we expect a test of 0.8750 support later tonight, which if broken could extend to 0.8685. The continued firm crude oil price is CAD supportive and we now favour further NZD downside over the week.

NZD/CAD Exchange Rates:

Current Level Support Resistance Last week’s range
NZD/CAD 0.8750 0.8750 0.9000 0.8745 – 0.8872
 

NZD/CAD

Impact on this currency pair:

There is no clear direction on this cross but the New Zealand dollar (NZD) is lower around 0.8810 after a weekly high of 0.8871 in the wake of yesterday’s RBNZ rate statement. The Canadian dollar (CAD) remains supported by continued firm oil prices and the pair should hold around current levels with immediate support at 0.8775 holding to end the week. Click here to access NZD/CAD currency charts .

Exchange Rates: 

The current interbank midrate is: NZDCAD 0.8809

The interbank range this week has been: NZDCAD 0.8781 – 0.8902

NZD/CAD

The NZD/CAD has dropped to 0.8823 on this cross after the better than expected Canadian jobs figures on Friday and the extra support the Canadian dollar is enjoying from stronger oil prices. Immediate support is at 0.8775. CAD is the favourite of this pair as such the New Zealand dollar should struggle to make significant gains for now. Click here for NZD/CAD exchange rate chart.

Current Level Support Resistance Last week’s range
NZD/CAD 0.8826 0.8750 0.9000 0.8781 – 0.8929

NZD/CAD

Impact on this currency pair:

The New Zealand dollar is around 0.8862 vs the CAD in choppy trading over the week that has seen a range of 0.8764-0.8926. Canadian jobs data tonight may pressure this cross further. Immediate support is 0.8842 then 0.8777. Click here for NZD/CAD exchange rate chart.

The current interbank midrate is: NZDCAD 0.8862

 

To access our live interbank midrate widget click here

The interbank range this week has been: NZDCAD 0.8768 – 0.8929

 

Below is the interbank chart for the last five trading days.   

NZD/CAD

Choppy trading for this pair now back at 0.8780 with no clear direction. A bounce in the New Zealand dollar would see a break of 0.8820 but with offshore influence likely to drive both currencies this week we expect this cross to stay within the current 0.8750-0.8820 range mover the next few days. Click here for NZD/CAD exchange rate chart.

Current Level Support Resistance Last week’s range
NZD/CAD 0.8796 0.8750 0.9000 0.8711 – 0.8857

NZD/CAD

Impact on this currency pair:

We have seen a volatile week for this pairing, but overall the market’s ended up close the where it started. The lows came in at 0.8711 just ahead of the Bank of Canada’s rate meeting. Their more dovish than expected rhetoric saw the Canadian dollar come under pressure and that drove the cross rate back up toward 0.8820. Although we expect further choppy trading over next week, we suspect a low may have been put in place and the pair may try to text back up toward 0.8820. A break above there would open the way for a move toward 0.8900. Click here for NZD/CAD exchange rate chart.

Rates:

The current interbank midrate is: NZDCAD 0.8788

 

To access our live interbank midrate widget click here

The interbank range this week has been: NZDCAD 0.8711 – 0.8842

 

Below is the interbank chart for the last five trading days.

NZD/CAD

The NZD opens the week stronger against the CAD at 0.8995 after the CAD slipped against the USD…may push up above  0.9000 to 0.9015 on tonight’s dairy auction. Click here for NZD/CAD exchange rate chart.

Current Level Support Resistance Last week’s range
NZD/CAD 0.8994 0.8885 0.9050 0.8881 – 0.9048

NZD/CAD

The NZD is back at 0.8975 after the Canadian dollar drifted lower to 0.8877 on the BoC Governor’s comments on Wednesday. No clear direction and should close tonight /open Monday around current levels. Click here for NZD/CAD exchange rate chart.

Rates:

The current interbank midrate is:    NZDCAD 0.8972

The interbank range this week has been:    NZDCAD 0.8881 – 0.9062

NZD/CAD

The New Zealand dollar is pretty much unchanged on this cross. Now at 0.8960 but with Canadian data disappointing a move back to the 0.8940 region looks likely in the next few days. Click here for NZD/CAD exchange rate chart.

Current Level Support Resistance Last week’s range
NZD/CAD 0.8956 0.8885 0.9000 0.8943 – 0.9084

NZD/CAD

The NZD is now at 0.8978 on this cross as the Canadian dollar is hit with softer oil prices. However with tonight’s Canadian economic data expected to be solid look for further slides towards the 0.8920/30 mark. Click here for NZD/CAD exchange rate chart.

Rates:

The current interbank midrate is:    NZDCAD 0.8976

The interbank range this week has been:    NZDCAD 0.8802 – 0.9084

NZD to CAD

The NZD is back at 0.8800 after a low of 0.8738 earlier in the week as weaker oil prices have dented CAD rises. However Bank of Canada future rate hike speculation should help CAD over the medium term look for 0.8780-0.8820 rage into next week. Click here for NZD/CAD exchange rate chart.

Rates:

The current interbank midrate is:    NZDCAD 0.8804

The interbank range this week has been:    NZDCAD 0.8743 – 0.8884

NZD/CAD

The New Zealand dollar is back at 0.8775 after a low of 0.8750 on Friday as the Canadian dollar opens softer on weaker oil prices. There is little data from either country this week and as such we expected the pair to hold around current levels which would see it broadly consolidate around 0.8800. Click here for NZD/CAD exchange rate chart.

Current Level Support Resistance Last week’s range
NZD/CAD 0.8760 0.8720 0.8900 0.8759 – 0.8981

NZD/CAD

After a high on the CAD at 0.8978 early this week this was hit by the surprise BoC rate hike which saw a sharp drop to the 0.8753 mark…should consolidate at current levels heading into next week but downside is favored. Click here for NZD/CAD exchange rate chart.

Rates:

The current interbank midrate is:    NZDCAD 0.8815

The interbank range this week has been:    NZDCAD 0.8759 – 0.8981

The Canadian dollar continues to lead on this cross, now at 0.8887 traffic has been all one-way for the New Zealand dollar. It made a 0.8854 low on Friday and should retest this level. BoC meeting on Wednesday may provide further ammunition for further CAD advances.

Current Level Support Resistance Last week’s range
NZD/CAD 0.8889 0.8850 0.9110 0.8865 – 0.9113

The NZD has had a big dump against the Canadian dollar, down from 0.9110 to 0.8931 over the last 4 days. It is now at 0.8935 with immediate support at 0.8900 and continues to look vulnerable.

The current interbank midrate is:    NZDCAD 0.8936

The interbank range this week has been:    NZDCAD 0.8941 – 0.9113

The NZD has ground back to 0.9048 against the Canadian dollar in spite of an increase in oil prices. The CAD may be negatively affected by the NAFTA trade talks starting on Friday which given hostile US rhetoric may induce some CAD weakness. Expect trading around current levels for the next 2-3 days.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9034 0.9000 0.9185 0.9007 – 0.9201

The stronger CAD trend has continued throughout the week, now at 0.9023 after support at 0.9185 broke on Tuesday night. CAD is supported by firmer oil prices and should hold around current levels heading into next week.
The current interbank midrate is:    NZDCAD 0.9027

The interbank range this week has been:    NZDCAD 0.9007 – 0.9275

The stronger CAD has pressured the New Zealand dollar on this cross. Now at 0.9171 as the stronger oil/commodity prices have helped the Canadian dollar. Don’t see huge downside for the NZD on tis cross with support at 0.9185 should hold over the next few days. NAFTA trade re-negotiations have the potential to cause volatility in the CAD.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9190 0.9185 0.9350 0.9190 – 0.9304

The NZD has failed to consolidate moves higher on this cross and is now down around 0.9228,,support is at 0.9203 but this should into early next week.

The current interbank midrate is:    NZDCAD 0.9226

The interbank range this week has been:    NZDCAD 0.9207 – 0.9304

The New Zealand dollar bounce back has pressured the Canadian dollar on this cross. It is now trading at 0.9290 should test 0.9300, which if broken would see 0.9350 targeted.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9298 0.9220 0.9350 0.9225 – 0.9354

The better Canadian dollar performance has kept pressure on the New Zealand dollar this week. It is now at 0.9260 with support very close at 0.9250 a break of which would target 0.9220. For now the risks remain to the downside.

The current interbank midrate is:    NZDCAD 0.9255

The interbank range this week has been:    NZDCAD 0.9225 – 0.9389

The NZD/CAD is currently around 0.9317 and should remain in the 0.9300-0.9400 range seen over the last two weeks. Canadian fundamentals remain mixed and we would favour the New Zealand dollar but a break of 0.9300 would expose 0.9250/60.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9314 0.9300 0.9400 0.9305 – 0.9395

The New Zealand dollar has traded in a choppy manner against the CAD but within a broad 0.9300-0.9400 rang over the week. It is now at 0.9344 looks to close the week at current levels but given weaker Canadian dollar fundamentals we still favour a move back over the 0.9400 level next week.
The current interbank midrate is:    NZDCAD 0.9342

The interbank range this week has been:    NZDCAD 0.9305 – 0.9403

The New Zealand dollar has outperformed the Canadian dollar this week, during what has been volatility trading in the wider market. That volatility was driven by sharp declines in the value of the USD and as the NZD lept higher over this period, it drove the NZDCAD cross rate up to a high yesterday of 0.9416. The pair is currently trading not far below that high at 0.9400 and for now the risks remain skewed toward further gains. Support should be seen on any dips toward 0.9350.
The current interbank midrate is:    NZDCAD 0.9402

The interbank range this week has been:    NZDCAD 0.9263 – 0.9416

The New Zealand dollar staged something of a recovery against the Canadian dollar late last week driving the cross up to a 0.9375 high. Positive comments from NZ Finance Minister Joyce helped to support the move, but decent data from Canada on Friday night, in the form of Wholesale Trade Sales, once again saw the CAD take the ascendancy. The pair currently trades around the 0.9300 level and while we suspect it may test a little lower yet, we don’t have a firm view on near term direction. Support comes in around 0.9220 while on the topside there is resistance around 0.9380.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9301 0.9220 0.9380 0.9221 – 0.9375

There has been little overall direction for this pair over the past week. Choppy trading back and forth between the broad parameters of 0.9220 and 0.9330 has dominated the price action. The Canadian dollar remains in demand thanks to the hawkish rate hike from the Bank of Canada last week, while on the NZD side of the equation we’ve seen the local currency recover from its post inflation data lows to head into the end of the week showing some strength. Tonight’s Canadian data, in the form of inflation and retail sales, will draw attention and may well dictate near term direction.

The current interbank midrate is:    NZDCAD 0.9321

The interbank range this week has been:    NZDCAD 0.9221 – 0.9367

The New Zealand dollar has seen a choppy week of trading vs the Canadian dollar. The lows at 0.9219 traded in the immediate aftermath of the Bank of Canada’s interest rate hike last week. The NZD then managed a decent recovery all the way to 0.9395, but it now looks like a retest of the lows is back on the cards. Soft NZ inflation data this morning has hurt the NZD and it’s likely to remain under pressure over the coming 24 – 48 hours. A dairy auction tonight may well influence, but unless it comes in very strong, the risks for the NZDCAD remain on the downside.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9233 0.9200 0.9400 0.9219 – 0.9399

For much of this week the Canadian dollar has outperformed the NZD driving the cross relentlessly lower. The Bank of Canada interest rate hike, and hawkish statement have been key factors behind the move and for the time being the CAD should remain well supported.

We did however see the New Zealand dollar stage a sharp recovery off last night’s 0.9219 low and that will give sellers some pause for thought. For now the downtrend remains intact, but if key support around 0.9200 continues to contain the downside, a much broader recovery may develop. That level has put a floor under the pair for the past 12 months. Those looking to sell CAD and buy NZD should take advantage of dips toward the 0.9200 area.

The current interbank midrate is:    NZDCAD 0.9317

The interbank range this week has been:    NZDCAD 0.9219 – 0.9469

The Canadian dollar has been a strong performer over the past couple of weeks, buoyed by increasing expectation of an interest rate hike from Bank of Canada (BOC) this week. Friday’s strong Canadian employment numbers have only added to this expectation and they helped to push the NZDCAD cross down to is 0.9350 low.  There is solid support around 0.9325 however and that may well contain the downside leading into Wednesday night’s’ BOC announcement. Direction after that will largely depend on what the BOC signal going forward.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9352 0.9325 0.9525 0.9346 – 0.9473

The NZD has continued on its lower track against the Canadian dollar hitting 0.9368 yesterday, is now back around 0.9458, but we still favour a firmer CAD on this cross if oil prices continue to firm.
The current interbank midrate is:    NZDCAD 0.9463

The interbank range this week has been:    NZDCAD 0.9373 – 0.9527

The NZD continues to track lower on the Canadian dollar strength, is now around 0.9458 with next support at 0.9415 , given current CAD positive tone look for a test of this level in the next couple of days.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9460 0.9400 0.9600 0.9440 – 0.9710

The NZD has bit hit lower against the Canadian dollar. It is now at 0.9507 after a high of 0.9714, should consolidate after the short sharp drop, but next week’s US data will impact the CAD.
The current interbank midrate is:    NZDCAD 0.9514

The interbank range this week has been:    NZDCAD 0.9470 – 0.9710

NZD is holding firm against the Canadian dollar, around 0.9660 and given continued weak oil prices, the NZD is favoured on this cross. It has been at 0.9695 last week and we look for a move back towards this level over the week.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9662 0.9550 0.9700 0.9551 – 0.9691

Currently the New Zealand dollar is at 0.9554 well back from last week’s high at 0.9706, given continuing softness in the crude oil price we expect the NZD to trade higher back towards the 0.9600/50 level.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9558 0.9550 0.9700 0.9531 – 0.9676

The New Zealand dollar had a brief spike up toward 0.9680 vs the Canadian dollar mid-week, but it was short lived. The pair was quickly pushed back down toward initial support around 0.9530 on the back of softer than forecast NZ GDP data. If the 0.9530 level gives way then further losses are likely to follow. So far however it’s managed to contain the downside.
The current interbank midrate is:    NZDCAD 0.9562

The interbank range this week has been:    NZDCAD 0.9533 – 0.9758

The NZD has drifted lower against the Canadian dollar. Now at 0.9580 as BoC rate hike speculation mounts. Weaker oil prices will put pressure back on the CAD.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9594 0.9550 0.9650 0.9578 – 0.9758

After a high at 0.9659 on Friday night the New Zealand dollar is now back around 0.9623 vs the CAD. The weaker crude oil price has helped the NZD break over the 0.9600 level and should this weakness continue, look for the NZD to have another push towards 0.9650 over the next few days.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9626 0.9500 0.9650 0.9491 – 0.9661

Now up at 0.9546 the New Zealand dollar continues to build on the CAD. It will close the week around current levels but may struggle to get above 0.9600 next week if the CAD supportive oil price continues to move higher.
The current interbank midrate is:    NZDCAD 0.9550

The interbank range this week has been:    NZDCAD 0.9454 – 0.9601

The New Zealand dollar continues to build on its CAD gains, currently at 0.9492 down from 0.9533 seen overnight but the trend is a slow grind higher, immediate support is at 0.9450 but we look for a move back over 0.9500 in the next day or so.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9496 0.9450 0.9550 0.9419 – 0.9536

The stronger NZD is back at 0.9455 on this cross, next extension level is at 0.9523, but we expect some time around current levels before an attempt is made at these elevated levels over the next few days. If oil prices continue to firm this will favour CAD.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9452 0.9325 0.9465 0.9341 – 0.9469

The New Zealand dollar opens the week higher against the CAD. It’s currently at 0.9389 after a high yesterday at 0.9424 and should remain firm. However increased oil prices should help the Canadian dollar with any moves to above 0.9424 encountering resistance.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9381 0.9350 0.9450 0.9334 – 0.9526

The New Zealand dollar continues lower against the Canadian dollar. It’s now at 0.9365 and on target to test 0.9350, but fundamentally the NZD is better supported and we look for a move back over 0.9400 next week.
The current interbank midrate is:    NZDCAD 0.9363

The interbank range this week has been:    NZDCAD 0.9335 – 0.9526

The New Zealand dollar has drifted lower against the CAD over the last week, currently at 0.9462 after a 0.9550 high last Wednesday. With lower oil prices set to continue look for the NZD to break back over 0.9500 in the next few days.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9455 0.9350 0.9520 0.9389 – 0.9551

The New Zealand dollar jumped around in a 0.9356-0.9550 range against the Canadian dollar over the week. It’s now at 0.9450 with no clear trend. Given trade issues with the US we look for more NZD strength heading into next week, a push back into the 0.95+ level is expected.
The current interbank midrate is:    NZDCAD 0.9450

The interbank range this week has been:    NZDCAD 0.9356 – 0.9552

Choppy trading on this cross ranging over a 0.9504 – 0.9315 range for the week as the Canadian dollar was hit by trade tariffs for timber imposed by the Trump administration. It’s now sitting around 0.9460 the New Zealand dollar is favoured on this cross and we see potential for a move back to the 0.9500 level over the week.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9455 0.9300 0.9500 0.9321 – 0.9477