FX & Commodity Almanac

ECB fixings to 16 Oct 2026 · World Bank prices to September 2026

Currency pair (“kiwi”) · cross of two ECB reference rates

What is the NZD/USD reference rate and how has it moved?

The NZD/USD reference rate was 0.56639 on 16 Oct 2026: one NZD was worth 0.56639 USD. That is 1.3% below a year earlier and 15% of the way up its 52-week range. Annualised volatility over the year was 8.1%.

NZD/USD · 16 Oct 2026
0.56639Previous fixing 0.56006 (15 Oct 2026) · ▲ +1.13%
12-month change
▼ −1.3%from 0.57359 on 16 Oct 2025
52-week range
0.55891–0.60785low 8 Oct 2026 · high 29 Jan 2026
Volatility, 1 yr
8.1%annualised; full-year average since 2016: 10.2%

The past twelve months

NZD/USD daily ECB reference rate, past 12 monthsDaily NZD/USD from 16 Oct 2025 (0.57359) to 16 Oct 2026 (0.56639); 52-week high 0.60785 on 29 Jan 2026, low 0.55891 on 8 Oct 2026. 0.550.560.570.580.590.600.61 NovJanMarMayJulSept
Daily ECB reference fixings, 16 Oct 2025 – 16 Oct 2026 (255 fixings). Yellow dot: latest.

What the record shows

  1. Over the past year NZD/USD has been calmer than usual: 8.1% annualised volatility against a 10.2% average for full calendar years since 2016. Its calmest full year was 2019 (7.8%) and its busiest 2022 (13.3%).
  2. Since 4 Jan 2016 the rate has ranged from 0.55551 (13 Jan 2025) to 0.75188 (27 Jul 2017). Today's fixing is higher than 3% of the 2,763 daily fixings in that period.
  3. Five years ago, on 15 Oct 2021, the fixing was 0.70550, so the rate is 19.7% below that level. Over one month it is ▼ −1.71% (from 0.57624 on 16 Sept 2026).
  4. The largest single-day move of the past year was on 8 Apr 2026: 0.57024 → 0.58369 (▲ +2.36%).
  5. Read the other way round, 1 USD was worth 1.76557 NZD on 16 Oct 2026 (USD/NZD).

How is the NZD/USD figure on this page produced?

The ECB does not publish NZD/USD; it publishes each currency against the euro. The cross is the ratio of the two: USD per euro ÷ NZD per euro = 1.12530 ÷ 1.98680 = 0.56639 on 16 Oct 2026. Because both legs are fixed at the same moment, the cross is internally consistent, but it can differ slightly from a market quote at 14:10 CET. See how to calculate a cross rate.

Year by year

NZD/USD yearly close, change, high, low, average and volatility
YearCloseChangeHighLowAverageVol.
2026 to date 0.56639 ▼ −1.8% 0.60785 29 Jan 0.55891 8 Oct 0.58376 7.5%
2025 0.57655 ▲ +2.8% 0.61116 1 Jul 0.55551 13 Jan 0.58179 10.5%
2024 0.56060 ▼ −11.2% 0.63556 30 Sept 0.56060 31 Dec 0.60548 8.0%
2023 0.63128 ▼ −0.6% 0.65191 2 Feb 0.57976 26 Oct 0.61394 12.1%
2022 0.63496 ▼ −7.1% 0.70058 5 Apr 0.55829 10 Oct 0.63553 13.3%
2021 0.68315 ▼ −5.4% 0.74502 25 Feb 0.67189 20 Dec 0.70723 9.8%
2020 0.72250 ▲ +7.1% 0.72250 31 Dec 0.56935 23 Mar 0.65098 11.5%
2019 0.67459 ▲ +0.5% 0.69240 1 Feb 0.62175 1 Oct 0.65890 7.8%
2018 0.67132 ▼ −5.7% 0.74136 31 Jan 0.64299 9 Oct 0.69240 8.2%
2017 0.71175 ▲ +2.4% 0.75188 27 Jul 0.67897 17 Nov 0.71093 8.8%
2016 0.69541 — 0.74645 7 Sept 0.63657 20 Jan 0.69765 12.6%

Change = last fixing of the year against the last fixing of the previous year (2016 has no prior close in this record). Vol. = annualised standard deviation of daily log changes within the year. 2026 runs to 16 Oct 2026.

Since January 2016

NZD/USD ECB reference rate since January 2016NZD/USD from 0.67497 on 4 Jan 2016 to 0.56639 on 16 Oct 2026; highest 0.75188 on 27 Jul 2017, lowest 0.55551 on 13 Jan 2025. 0.550.600.650.700.750.80 201620182020202220242026
ECB reference fixings, thinned to about every fifth fixing for drawing; the tables use every fixing.

Largest one-day moves since 2016

DateFromToMove
17 Mar 20160.658220.68324▲ +3.80%
11 Nov 20220.586080.60564▲ +3.34%
4 Apr 20250.582610.56376▼ −3.24%
15 Nov 20230.586970.60428▲ +2.95%
13 Jul 20230.618590.63606▲ +2.83%

Moves are measured between consecutive ECB fixings, so a move after a holiday can span more than one calendar day.

Sources