And perhaps move a touch higher by the end of the year. Those who have moved to overseas locations will see a decline in overall spending power if they're servicing their lifestyles with NZD payments. If you want to have some certainty for your money transfers even when the New Zealand dollar is weak, you can check out our currency calculator for the best rate.
With the NZD falling, New Zealanders would normally expect an increase in tourists, usually from neighbouring Australia. However, with the coronavirus pandemic preventing travel plans indefinitely, it isn't likely that travel between the two countries will happen until at least The New Zealand economy is under pressure from the coronavirus pandemic.
What the Big 4 Banks Forecast for the New Zealand Dollar in 2021
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