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NZD/CHF

Fundamentals favour the New Zealand Dollar by 53 points.

NZD New Zealand Dollar +2 Neutral · #4
vs
CHF Swiss Franc -52 Weak · #8

On the Macro Currency Strength Meter, the New Zealand Dollar scores +2 and the Swiss Franc scores -52 — a gap of 53 points in favour of the New Zealand Dollar. The widest divergence is in risk mood, which favours the New Zealand Dollar. All else equal that gap is a fundamental tailwind for the New Zealand Dollar against the Swiss Franc — though markets may already have priced much of it in.

Pillar comparison

Which currency wins each macro driver
DriverNZDCHFEdge
Interest Rates +11 -66 NZD
Growth +1
Positioning -56 -40 CHF
Risk Mood +39 -39 NZD
Commodities +22 NZD
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