US Dollar / New Zealand Dollar vs US Dollar / Australian Dollar

US Dollar / New Zealand Dollar (USD/NZD) and US Dollar / Australian Dollar (USD/AUD) compared side by side. Over the past 90 days, USD/NZD is ahead by 2.2 percentage points (USD/NZD +1.0% against USD/AUD -1.2%). Their daily returns move closely together (correlation 0.82 across 284 shared trading days). Both have run at a similar volatility, around 10% annualised.

Correlation: 0.82
Ahead over 90 days: USD/NZD

US Dollar / New Zealand DollarUSD/NZD

$1.7740

24h: -0.22%
Market cap: —
Volume 24h: —
Volatility (ann.): 10%

US Dollar / Australian DollarUSD/AUD

$1.4255

24h: -0.45%
Market cap: —
Volume 24h: —
Volatility (ann.): 10%

Performance

USD/NZDUSD/AUD

7 days+1.17%+0.28%USD/NZD
30 days+1.88%+1.60%USD/NZD
90 days+1.00%-1.24%USD/NZD

Correlation

0.82over 284 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5390d: 0.661y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	USD/NZD	USD/AUD
Max drawdown (400d)	-8.0%	-11.1%
Risk-adjusted return (90d)	0.12	-0.17

Relative strength over 90 days: USD/NZD outperformed USD/AUD by 2.3% — measured on the USD/NZD/USD/AUD ratio, so it holds regardless of market direction.

US Dollar / New Zealand Dollar →US Dollar / Australian Dollar →