NZD vs CHF
Fundamentals favour the New Zealand Dollar by 14 points.
On the Macro Currency Strength Meter, the New Zealand Dollar scores -2 and the Swiss Franc scores -17 — a gap of 14 points in favour of the New Zealand Dollar. The widest divergence is in commodities, which favours the Swiss Franc. 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 | +3 | -32 | NZD |
| Positioning | +17 | +9 | NZD |
| Risk Mood | +21 | -21 | NZD |
| Commodities | -60 | — | CHF |
Strength gap over time
NZD minus CHF fundamental score — above zero favours NZD. The gap is currently +14 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.