AUD vs NZD
Fundamentals favour the Australian Dollar by 24 points.
On the Macro Currency Strength Meter, the Australian Dollar scores +12 and the New Zealand Dollar scores -12 — a gap of 24 points in favour of the Australian Dollar. The widest divergence is in interest rates, which favours the Australian Dollar. All else equal that gap is a fundamental tailwind for the Australian Dollar against the New Zealand Dollar — though markets may already have priced much of it in.
Pillar comparison
Which currency wins each macro driver| Driver | AUD | NZD | Edge |
|---|---|---|---|
| Interest Rates | +65 | +11 | AUD |
| Growth | -31 | — | NZD |
| Positioning | +26 | -28 | AUD |
| Risk Mood | -7 | -7 | — |
| Commodities | -37 | -41 | AUD |
Strength gap over time
AUD minus NZD fundamental score — above zero favours AUD. The gap is currently +24 and holding steady.A widening gap means the fundamental edge is growing; a narrowing gap means it’s fading. Educational macro context, not a trade signal.