ANZ Bank

Exchange Rate AUD To NZD ANZ Bank

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Exchange rates can be quite different depending on where you go for currency exchange. So, before you change your Australian dollars (AUD) to New Zealand dollars (NZD), it’s smart to compare rates from different places.

ANZ, like many big banks, provides various ways for its customers to deal with different currencies. Remember, you need to be an ANZ Bank customer to use their currency exchange services.

Exchange Rate AUD To NZD ANZ Bank

When it comes to the AUD/NZD currency pair, ANZ thinks that the New Zealand Dollar (NZD) will probably stay within a certain range in the coming week. They suggest a strategy of buying when the exchange rate dips for AUD/NZD.

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However, ANZ also points out that the potential to make good trades based on the differences between the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) is getting weaker as market expectations for the RBA’s cash rate rise.

For the USD/JPY currency pair, ANZ predicts that it might lose some of the gains it recently made due to the recent meetings of the Bank of Japan (BoJ) and the Federal Open Market Committee (FOMC).

ANZ believes that as the volatility from these meetings settles down, the USD/JPY pair could decrease. They think that a drop in U.S. yields could contribute to this decline in the USD/JPY exchange rate.

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