NZD/CHF
Fundamentals favour the New Zealand Dollar by 53 points.
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| Driver | NZD | CHF | Edge |
|---|---|---|---|
| Interest Rates | +11 | -66 | NZD |
| Growth | +1 | — | — |
| Positioning | -56 | -40 | CHF |
| Risk Mood | +39 | -39 | NZD |
| Commodities | +22 | — | NZD |