17/07/2026
A weaker NZ dollar could affect more than petrol prices
The New Zealand dollar has weakened against the US dollar over the past five years.
Why does this matter?
New Zealand imports a large amount of fuel, machinery, vehicles, electronics, building materials and everyday goods. When the NZ dollar becomes weaker, overseas products can cost more.
This may affect different people in different ways:
- For business owners
Importers, retailers, transport companies, trades and hospitality businesses may face higher costs for stock, fuel, equipment and materials. If these costs cannot be fully passed on to customers, business margins and cash flow may become tighter.
- For households
Higher transport, food and product costs may put more pressure on the weekly budget. Families may also have less money available for savings, loan repayments and other expenses.
- For homeowners
If higher import costs continue to add pressure to inflation, interest rates may need to remain higher for longer.
If your mortgage is due to refix in the next few months, it may be helpful to:
- Check your current refix date
- Review your household cash flow
- Compare different fixed-term options
- Consider repayment flexibility, fees and cashback
- Avoid automatically accepting the first option offered
Planning early usually gives you more time to understand your choices. The right structure depends on your income, future plans, loan size and ability to manage repayments.
For a friendly, no-obligation discussion about your current mortgage or refixing options, feel free to contact:
Lydia Chen
Licensed Mortgage Adviser
FSP1010614 | Apple Mortgage Limited
Call or text: 021 024 67321
*This is general information only and is not financial advice. Interest rates and lending options are subject to change, lender criteria, fees, terms and conditions.
