The RBNZ is talking tough and the RBA is softening its stance. This means that the Kiwi dollar has rallied against the Aussie.
We generally don’t see these spikes last long. The long term (10-year) average is around 0.92. If you’re planning to convert NZD to AUD for a deposit or other purposes, now could be a good time to take advantage of the favourable exchange rate.