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CAD to NZD Forecasts – Canadian dollar to New Zealand dollar

Latest CAD to NZD forecasts including bank predictions, key market drivers and recent trends for CAD/NZD. See where analysts expect the pair to move and the factors likely to influence it.

 

CAD to NZD Forecast & Outlook

09 May 2026 • 00:48 GMT

CAD/NZD 1.2257

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 1.1910 – 1.2260
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

Currently, CAD/NZD is trading close to 60-day lows near 1.2257, supported by risk-off conditions and global risk sentiment. Over the next few sessions, the pair may face pressure if risk conditions persist, keeping the currency pair supported by safe-haven flows and commodities. Near-term conditions suggest the pair could remain under downward pressure.

💸 Transfer implications

  • Expats: sending money to New Zealand Dollar (NZD) may find current conditions less favourable than recent levels.
  • Travellers: buying NZD cash or loading currency cards might face less favourable exchange rates.
  • Businesses: paying overseas invoices in NZD using CAD could see this becoming less advantageous.

🧭 Key drivers

  • Rate gap: The CAD to NZD rate gap remains uncertain, with the pair trading near its 60-day lows, reflecting global risk-off and risk sentiment.
  • Risk/commodities: Global risk sentiment remains risk-off, supported by geopolitical factors, which pressures risk-sensitive currencies like CAD and NZD.
  • Global factors: Oil prices are stable but sensitive to geopolitical risks, impacting CAD, while trade concerns keep both currencies globally sensitive.

⚠️ What could change it

  • Upside risk: A sudden improvement in global risk sentiment or geopolitical stability could support a rebound in CAD/NZD.
  • Downside risk: Escalating geopolitical tensions or commodity price shocks, especially to oil, could deepen the pair's weakness.

Finding providers with lower margins can help offset less favourable exchange conditions.

CAD-NZD Rate Calculator

 
 
   
   
   
   
   
 
 

CAD to NZD Market Data

Canadian dollar (CAD) to New Zealand dollar (NZD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell CAD   →   Buy NZD
1 CAD =
1.2323We compare provider deals to this wholesale mid-market rate. Read more
NZD
1d0.0%⬦
CAD to NZD at 1.2266 is 1.0% below its 3-month average of 1.2394, having traded in a quite stable 4.1% range from 1.2122 to 1.2613
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  1 NZD = 0.8115 CAD

Compare & Save - Canadian dollar to New Zealand dollar

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to New Zealand dollar (NZD) rates from different sources before making a conversion.

Use our CAD to NZD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Loonie to Kiwi currency rates and the possible savings of using various providers.

 
 

Will the Canadian dollar rise against the New Zealand dollar?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Canadian dollar vs New Zealand dollar current value is to look the CAD/NZD historic rate and change over a range of periods.

The following table looks at the change in the CAD to NZD exchange rate over periods from the previous week back to the last 10 years.

DateCAD/NZDChangePeriod
29 Apr 2026
1.2526
1.9% ▼2 Week
12 Feb 2026
1.2180
0.9% ▲3 Month
13 May 2025
1.2092
1.6% ▲1 Year
14 May 2021
1.1388
7.9% ▲5 Year
15 May 2016
1.1416
7.7% ▲10 Year
18 May 2006
1.4339
14.3% ▼20 Year
CAD/NZD historic rates & change to 13-May-2026

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add CAD/NZD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more