No New Zealand bank forecasts the NZ dollar against the Canadian dollar, so this page shows no forecast. On 11 Nov 2026 one NZ dollar bought C$0.7948 on the ECB reference rate, 32% of the way up its 52-week range. The Bank of Canada raised its policy rate to 2.50% on 28 Oct 2026.
Where the forecast gap is
ANZ, ASB, BNZ and Westpac publish NZ dollar forecasts against the US dollar, Australian dollar, euro and pound; ANZ, ASB and BNZ also cover the yen, and ANZ and ASB the Chinese yuan. The Canadian dollar isn't on any of their lists. An "NZD to CAD prediction" elsewhere online comes from someone's own model, usually undated.
12 months of ECB reference rates
Forecast calculator
Type an amount to see it at today's mid-market rate and at each bank's published forecast. It shows what the banks expect. It isn't a quote or advice.
Rates: ECB reference rates converted to NZD, 11 Nov 2026. Forecasts: end-of-period levels from each bank's note, dated. A bank or transfer service will give you less than the mid-market rate.
No NZ bank we track publishes a forecast for this pair, so there is nothing to compare against. We don't make one up.
Compare every bank's callHalf of the cross
NZD/CAD is the NZ dollar's rate against the US dollar divided by the Canadian dollar's, so the NZD/USD forecasts below cover one of the two legs. We don't turn them into Canadian dollar figures, because that would need a Canadian dollar forecast that no bank we track publishes.
| Bank · published | Today (ECB) | Dec 2026 | Mar 2027 | Dec 2027 |
|---|---|---|---|---|
| BNZ9 Nov 2026 | 0.5584 | 0.58 | 0.58 | 0.59 |
| Westpac19 Oct 2026 | 0.5584 | 0.56 | 0.58 | 0.64 |
| ASBOctober 2026 | 0.5584 | 0.57 | 0.56 | 0.59 |
| ANZ18 Sep 2026 | 0.5584 | 0.58 | 0.58 | 0.60 |
Sources: BNZ Markets Outlook, 9 November 2026 (Quarterly Forecasts table); Westpac NZ Weekly Commentary, 19 October 2026 (Economic and financial forecasts table); ASB Economic Forecast Update, October 2026 (FX forecasts by CBA's FX strategists, last updated August 2026); ANZ NZ Latest forecasts (spreadsheet). NZD/USD forecast · every bank's full table.
The next big moment
The Reserve Bank of New Zealand reviews the Official Cash Rate (OCR) alongside its Monetary Policy Statement. OCR decisions often move the NZ dollar on the day. Source: Westpac NZ Weekly Commentary, 19 Oct 2026 (calendar).
OCR dates and bank callsWhat drives the cross
Interest rates, inflation and energy prices in Canada and New Zealand move NZD/CAD the most. Canadian figures are from the Bank of Canada's 28 October 2026 statement. NZD/USD · All bank forecasts
On 28 Oct 2026 the Bank of Canada lifted its policy rate, the overnight rate target, by a quarter of a point to 2.50%. It was the bank's first change since it cut to 2.25% in October 2025. Higher Canadian rates make Canadian dollar assets pay more, which tends to mean fewer Canadian dollars per NZ dollar, other things equal.
The Bank of Canada said CPI inflation had been around 3% since April 2026 and should reach about 3.5% by the end of the year, driven by persistently high oil prices. It now expects inflation to average 3% in 2027 before returning to 2% in mid-2028, and it said the rate may need to rise further.
Energy works on the two currencies differently. In its October statement the Bank of Canada linked Canada's stronger exports partly to higher energy production, and put the Canadian dollar at around 71 US cents. On the New Zealand side, dairy and food export prices matter most for the NZ dollar, while high fuel prices raise import bills.
Both decide on 9 December 2026. The RBNZ's OCR is 2.75% (since September 2026). ANZ, BNZ and Westpac forecast 3.00% by December 2026, and ASB 3.25%. The Bank of Canada's 2027 decision dates start on 27 January (its schedule).
This page explains what moves the rate. It isn't advice on when to send money to Canada, and a bank or transfer service will give you less than the mid-market rate shown here. For fees in general, see sending money overseas from NZ.
FAQ
Straight answers, with the source and date for every figure.
No New Zealand bank publishes an NZD/CAD forecast, and we don't build one. Westpac (9 Nov 2026) and ANZ (19 Oct 2026) forecast NZD/USD at 0.59 and 0.64 by December 2027, above today's 0.5584. How much of that reaches NZD/CAD depends on what the Canadian dollar does against the US dollar.
The Bank of Canada's target for the overnight rate is 2.50%. It raised the rate by 25 basis points on 28 Oct 2026, citing inflation that is higher and more persistent than it expected. The RBNZ's Official Cash Rate is 2.75%. Both central banks next decide on 9 December 2026.
On 11 Nov 2026 one NZ dollar bought C$0.7948 on the ECB reference rate. On 11 Nov 2025 it bought C$0.7928, so the rate has moved +0.3% in 12 months. The 12-month high was C$0.8274 on 4 Aug 2026 and the low C$0.7798 on 6 Nov 2026.