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NZD live macro board

New Zealand Macro Data Board

New Zealand dollar — high-beta commodity currency tied to dairy, agriculture, and global risk.

The New Zealand dollar (NZD), nicknamed the 'kiwi', is the official currency of New Zealand and several Pacific dependencies. It is one of the smaller G10 currencies but is among the most traded thanks to its role as a high-yielding commodity proxy.

Open NZD/USD dashboard Latest readings Release calendar New Zealand bond yields New Zealand indicators API coverage

New Zealand latest macro readings

A scan-ready view of the main NZD indicators, linking each series to its country page, latest announcement, and API endpoint.

Indicator Latest Previous Change Updated Source Links
Central Bank Policy Rate
Monetary Policy
 2.75 2.5 +0.25 2026-09-02 RBNZ Page /Release /API
Inflation Rate (CPI/HICP)
Economy
 4.1 3.1 +1 2026-07-20 Stats NZ Page /Release /API
Core Inflation
Economy
 2.7 2.7 0 2026-07-20 National Statistics Office Page /Release /API
Gross Domestic Product (GDP)
Economy
 74.135 73.869 +0.266 2026-09-16 Stats NZ Page /Release /API
Unemployment Rate
Labor Market
 5.6 5.4 +0.2 2026-08-04 Stats NZ Page /Release /API
Trade Balance
Economy
 1,566 43 +1,523 2026-09-15 Stats NZ Page /Release /API
10-Year Government Bond Yield
Government Bond Yields
 5.11 5.11 0 2026-10-08 NZDMO Page /API
Current Account Balance
Economy
 -1,670 -1,085 -585 2026-09-15 Stats NZ Page /Release /API
Dairy Exports
Economy
 1,194.28 1,897.23 -702.951 2026-09-17 Stats NZ Page /Release /API
Trade-Weighted Index (NEER)
Economy
 94.01 93.09 +0.92 2026-09-15 RBNZ Page /Release /API
Employment Level
Labor Market
 2,905,000 2,892,000 +13,000 2026-08-04 Stats NZ Page /Release /API
Labor Force Participation Rate
Labor Market
 70.7 70.4 +0.3 2026-08-04 Stats NZ Page /Release /API

New Zealand release calendar

Upcoming and recent macro events for the NZD country view.

Tracked
Building Consents Stats NZ release calendar

Building Consents

Latest
3,525
Prior
3,337
Tracked
Average Weekly Earnings / Wages Stats NZ release calendar

Wages (Labour Cost Index)

Latest
2
Prior
2

NZD currency market profile

Core identifiers, trading context, and product links for the NZD market.

Currency code
NZD

New Zealand Dollar

Policy institution
Reserve Bank of New Zealand

Primary central-bank or monetary authority reference.

Primary USD pair
NZD/USD

Fast path into the FX pair dashboard and market profile.

Trading session
Sydney

Approximate primary liquidity window used across FXMacroData pages.

Symbol
NZ$

Display symbol used in product surfaces.

Also known as
kiwi

Common market shorthand where available.

New Zealand macro brief

The highest-signal pages for New Zealand include Central Bank Policy Rate, Inflation Rate (CPI/HICP), Core Inflation, Gross Domestic Product (GDP), with each page linking back to the source metadata, release history, and API endpoint.

The Reserve Bank of New Zealand (RBNZ) Monetary Policy Committee sets the Official Cash Rate (OCR) seven times per year. The RBNZ has a 1–3% CPI inflation target with a midpoint of 2%, and four of its decisions each year are accompanied by a Monetary Policy Statement.

For NZD research, combine the country-level release map with the NZD/USD dashboard, release calendar, and API reference so macro events, source metadata, and FX context stay connected.

The pages below are organized by indicator rather than API route. That keeps the public website useful for research while still preserving the versioned API contract for developers.

What to watch
  • RBNZ OCR decision and Monetary Policy Statement.
  • Quarterly CPI from Stats NZ.
  • Monthly Stats NZ dairy export values and GDT dairy auctions.
  • Quarterly Household Labour Force Survey.
  • China activity and AUD/NZD cross.

New Zealand source map

Publisher groups represented in the checked-in coverage catalogue for this market.

Stats NZ 12 series
RBNZ 10 series
National Statistics Office 8 series
NZDMO 5 series
Central Bank 1 series
Stats NZ/RBNZ 1 series

New Zealand coverage by category

The country hub keeps rate, inflation, labour, growth, trade, credit, and market data grouped into the same reusable structure across countries.

Economy 7 / 9
Labor Market 3 / 5
Money & Credit 0 / 9
Monetary Policy 3 / 4
Government Bond Yields 4 / 5
Interest Rates 1 / 1
Additional Indicators 1 / 4

Key New Zealand indicators

Highest-signal tracked releases for rates, inflation, growth, labour markets, and external balances.

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

Published page ~7x/year % Starts 1999-03-17 Monetary Policy
Open page

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Published page Quarterly %YoY Starts 1988-03-31 Economy
Open page

Core Inflation

CPI excluding volatile items like food and energy.

Published page Quarterly %YoY Starts 1993-09-30 Economy
Open page

Gross Domestic Product (GDP)

Gross domestic product: the total value of goods and services produced in the economy, its broadest measure of activity. Depending on the country, the headline series is published as a level or as a growth rate; the unit shown with each series says which.

Published page Quarterly NZD bn Starts 2000-03-31 Economy
Open page

Unemployment Rate

Percentage of the labor force that is unemployed.

Published page Quarterly % Starts 1994-03-31 Labor Market
Open page

Trade Balance

The difference between the value of a country's exports and imports.

Published page Monthly NZD mn Starts 2000-03-31 Economy
Open page

10-Year Government Bond Yield

Published page Daily % Starts 2009-01-29 Government Bond Yields
Open page

Current Account Balance

Measures trade in goods and services and income flows.

Published page Quarterly NZD mn Starts 1987-03-31 Economy
Open page

Published New Zealand indicator pages

Filter by indicator name, source, cadence, or category.

Economy 7 pages

Core Inflation

CPI excluding volatile items like food and energy.

Quarterly %YoY Starts 1993-09-30
Country page Country list

Current Account Balance

Measures trade in goods and services and income flows.

Quarterly NZD mn Starts 1987-03-31
Country page Country list

Dairy Exports

Monthly New Zealand dairy export value from official Stats NZ overseas merchandise trade HS10 export data.

Monthly NZD mn Starts 2015-01-31
Country page Country list

Gross Domestic Product (GDP)

Gross domestic product: the total value of goods and services produced in the economy, its broadest measure of activity. Depending on the country, the headline series is published as a level or as a growth rate; the unit shown with each series says which.

Quarterly NZD bn Starts 2000-03-31
Country page Country list

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Quarterly %YoY Starts 1988-03-31
Country page Country list

Trade Balance

The difference between the value of a country's exports and imports.

Monthly NZD mn Starts 2000-03-31
Country page Country list

Trade-Weighted Index (NEER)

Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.

Monthly Index (2020=100) Starts 2015-01-31
Country page Country list
Labor Market 3 pages

Labor Force Participation Rate

Ratio of the labor force to the working-age population.

Quarterly % Starts 1994-03-31
Country page Country list

Unemployment Rate

Percentage of the labor force that is unemployed.

Quarterly % Starts 1994-03-31
Country page Country list
Monetary Policy 3 pages

Foreign Exchange Reserves

Assets held by the central bank in foreign currencies, used to support the exchange rate and manage monetary policy. Key indicator of a country's external financial position.

Monthly NZD mn Starts 2000-03-01
Country page Country list

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

~7x/year % Starts 1999-03-17
Country page Country list
Government Bond Yields 4 pages
Interest Rates 1 pages

Overnight Deposit Rate

Overnight deposit rate at registered banks. RBNZ daily banking rates.

Monthly % Starts 2018-01-03
Country page Country list
Additional Indicators 1 pages

Terms of Trade

Ratio of export prices to import prices. A rise means each unit of exports buys more imports.

Quarterly Index Starts 1990-03-31
Country page Country list

Tracked New Zealand data catalogue

Coverage families already represented in the FXMacroData catalogue, including pages whose detailed docs are still pending.

Economy 9 tracked

Core Inflation

CPI excluding volatile items like food and energy.

Published page Quarterly National Statistics Office Starts 1993-09-30
Country page Compare countries

Current Account Balance

Measures trade in goods and services and income flows.

Published page Quarterly Stats NZ Starts 1987-03-31
Country page Compare countries

Dairy Exports

Monthly New Zealand dairy export value from official Stats NZ overseas merchandise trade HS10 export data.

Published page Monthly Stats NZ Starts 2015-01-31
Country page Compare countries

Gross Domestic Product (GDP)

Gross domestic product: the total value of goods and services produced in the economy, its broadest measure of activity. Depending on the country, the headline series is published as a level or as a growth rate; the unit shown with each series says which.

Published page Quarterly Stats NZ Starts 2000-03-31
Country page Compare countries

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Published page Quarterly Stats NZ Starts 1988-03-31
Country page Compare countries

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Tracked in catalogue Quarterly Stats NZ Starts 2015-03-31
Compare countries

Retail Sales

Measures change in the total value of sales at the retail level.

Tracked in catalogue Quarterly Stats NZ Starts pending
Compare countries

Trade Balance

The difference between the value of a country's exports and imports.

Published page Monthly Stats NZ Starts 2000-03-31
Country page Compare countries

Trade-Weighted Index (NEER)

Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.

Published page Monthly RBNZ Starts 2015-01-31
Country page Compare countries
Labor Market 5 tracked

Full-Time Employment

Number of persons employed full-time.

Tracked in catalogue Quarterly Stats NZ Starts 2000-03-31
Compare countries

Part-Time Employment

Number of persons employed part-time.

Tracked in catalogue Quarterly Stats NZ Starts 2000-03-31
Compare countries

Labor Force Participation Rate

Ratio of the labor force to the working-age population.

Published page Quarterly Stats NZ Starts 1994-03-31
Country page Compare countries

Unemployment Rate

Percentage of the labor force that is unemployed.

Published page Quarterly Stats NZ Starts 1994-03-31
Country page Compare countries
Money & Credit 9 tracked

Total Domestic Credit

Net credit to central government + private sector credit. RBNZ column C+D.

Tracked in catalogue Monthly National Statistics Office Starts 2016-12-31
Compare countries

Narrow Money (M1)

Currency in circulation + transaction deposits. RBNZ column A.

Tracked in catalogue Monthly RBNZ Starts 2016-12-31
Compare countries

M2 Money Supply

M1 + savings deposits (on-call). RBNZ derived: column A + B1.

Tracked in catalogue Monthly RBNZ Starts 2016-12-31
Compare countries

Broad Money (M3)

M1 + savings + term deposits. RBNZ column A+B (broadest aggregate).

Tracked in catalogue Monthly RBNZ Starts 2016-12-31
Compare countries

Currency in Circulation

Currency held by the public. M1 sub-component A1.

Tracked in catalogue Monthly National Statistics Office Starts 2016-12-31
Compare countries

Savings Deposits

On-call savings deposits. M2 incremental component B1.

Tracked in catalogue Monthly National Statistics Office Starts 2016-12-31
Compare countries

Term Deposits

Fixed-term deposits. M3 incremental component B2.

Tracked in catalogue Monthly National Statistics Office Starts 2016-12-31
Compare countries

Transaction Deposits

Demand deposits. M1 sub-component A2.

Tracked in catalogue Monthly National Statistics Office Starts 2016-12-31
Compare countries

Private Sector Credit

Loans, debt securities, and other credit to private sector. RBNZ column D.

Tracked in catalogue Monthly National Statistics Office Starts pending
Compare countries
Monetary Policy 4 tracked

Central Bank Total Assets

Total assets on the central bank's balance sheet, reflecting the scale of monetary policy operations including quantitative easing programs.

Tracked in catalogue Monthly RBNZ Starts pending
Compare countries

Foreign Exchange Reserves

Assets held by the central bank in foreign currencies, used to support the exchange rate and manage monetary policy. Key indicator of a country's external financial position.

Published page Monthly RBNZ Starts 2000-03-01
Country page Compare countries

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

Published page ~7x/year RBNZ Starts 1999-03-17
Country page Compare countries
Government Bond Yields 5 tracked

3-Year Government Bond Yield

Tracked in catalogue Daily NZDMO Starts 2018-01-03
Compare countries
Interest Rates 1 tracked

Overnight Deposit Rate

Overnight deposit rate at registered banks. RBNZ daily banking rates.

Published page Monthly National Statistics Office Starts 2018-01-03
Country page Compare countries
Additional Indicators 4 tracked

Central Bank Reserves - Domestic Currency

Tracked in catalogue Monthly RBNZ Starts pending
Compare countries

Central Bank Reserves - Foreign Currency

Tracked in catalogue Monthly RBNZ Starts pending
Compare countries

Central Bank Reserves - Gold

Tracked in catalogue Monthly Central Bank Starts pending
Compare countries

Terms of Trade

Ratio of export prices to import prices. A rise means each unit of exports buys more imports.

Published page Quarterly Stats NZ/RBNZ Starts 1990-03-31
Country page Compare countries

New Zealand guides and research

Explainers and analysis about New Zealand and the NZD, with the by-country tables that put its numbers in context.

New Zealand Government Bond Yields and Prices: NZD Guide

A country-specific guide to New Zealand government bond yields and prices, the NZD curve, monetary-policy and issuance drivers, FX transmission and the latest yields...

Learn Macro
Read guide

New Zealand Dollar (NZD) Data Coverage: Indicators, Sources and Release Times

A practical guide to FXMacroData's 21 New Zealand dollar series: who publishes them, when they are released in New Zealand time and UTC, a real OCR example from the...

Product
Read guide

NZD and Dairy: The Commodity Currency Playbook

Dairy export receipts hit a record NZD 24.2 billion in the year to August 2026 while NZD/USD fell to its lowest monthly average since 2018. This playbook explains why...

Market Research
Read guide

FXMacroData vs Stats NZ API: New Zealand CPI, GDP and Labour Data for NZD Traders

A buyer-guide comparison of Stats NZ (Aotearoa Data Explorer API, Infoshare, and release files) and FXMacroData for FX traders and developers who need New Zealand...

Learn Macro
Read guide

Compare New Zealand with other countries

Risk-free rates by country

The overnight benchmark rate for each currency, side by side.

Open

Policy rates by country

Current central-bank policy rates across every covered market.

Open

Inflation by country

Latest annual consumer price inflation for each market.

Open

Government bond yields by country

Sovereign yields by maturity across covered markets.

Open

NZD market drivers

Evergreen macro forces to keep beside the country data table.

Driver 1

RBNZ Official Cash Rate and Monetary Policy Statement.

Driver 2

Official monthly dairy export values from Stats NZ and Global Dairy Trade (GDT) auction prices.

Driver 3

AU-NZ and US-NZ 2-year yield differentials.

Driver 4

China and Australia growth — New Zealand's biggest trading partners.

Driver 5

New Zealand CPI (quarterly) and labour-market data (HLFS).

Driver 6

Risk sentiment — NZD has high beta to global equity moves.

NZD questions traders ask

Currency-specific context that helps interpret the country data before moving into endpoints or dashboards.

Why is the New Zealand dollar called the 'kiwi'?

The New Zealand one-dollar coin features the kiwi, a flightless bird native to New Zealand. Traders adopted 'kiwi' as the FX nickname for the currency in the 1980s.

How often does the RBNZ change interest rates?

The RBNZ Monetary Policy Committee makes seven scheduled OCR decisions per year. Four of those are accompanied by a full Monetary Policy Statement with updated forecasts and a press conference.

How does dairy affect NZD?

Dairy is one of New Zealand's largest single export categories. The FXMacroData API exposes official monthly Stats NZ dairy export values at /api/v1/announcements/nzd/dairy_exports, while the fortnightly Global Dairy Trade auction remains an important market price signal. Strong dairy receipts usually support export income and can move the NZD.

Explore other countries

Move laterally into another country hub while keeping the same indicator-first structure.

Argentina (ARS) Australia (AUD) Bolivia (BOB) Brazil (BRL) Canada (CAD) Chile (CLP) China (CNY) Colombia (COP) Czechia (CZK) Denmark (DKK) Eurozone (EUR) Hong Kong (HKD) Hungary (HUF) India (INR) Indonesia (IDR) Israel (ILS)