AUD vs NZD
Fundamentals favour the Australian Dollar by 24 points.
On the Macro Currency Strength Meter, the Australian Dollar scores +21 and the New Zealand Dollar scores -2 — 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 | +74 | +3 | AUD |
| Growth | -33 | — | NZD |
| Positioning | +35 | +17 | AUD |
| Risk Mood | +21 | +21 | — |
| Commodities | -28 | -60 | AUD |
Strength gap over time
AUD minus NZD fundamental score — above zero favours AUD. The gap is currently +24 and narrowing.A widening gap means the fundamental edge is growing; a narrowing gap means it’s fading. Educational macro context, not a trade signal.