NZD vs CAD
Fundamentals favour the New Zealand Dollar by 28 points.
On the Macro Currency Strength Meter, the New Zealand Dollar scores -2 and the Canadian Dollar scores -30 — a gap of 28 points in favour of the New Zealand Dollar. The widest divergence is in positioning, which favours the New Zealand Dollar. All else equal that gap is a fundamental tailwind for the New Zealand Dollar against the Canadian Dollar — though markets may already have priced much of it in.
Pillar comparison
Which currency wins each macro driver| Driver | NZD | CAD | Edge |
|---|---|---|---|
| Interest Rates | +3 | -13 | NZD |
| Growth | — | -39 | NZD |
| Positioning | +17 | -50 | NZD |
| Risk Mood | +21 | +12 | NZD |
| Commodities | -60 | -67 | NZD |
Strength gap over time
NZD minus CAD fundamental score — above zero favours NZD. The gap is currently +28 and widening.A widening gap means the fundamental edge is growing; a narrowing gap means it’s fading. Educational macro context, not a trade signal.