10 Worst Performing Currencies of 2024

4. New Zealand Dollar

1 USD = 1.78 NZD

2024 Returns: -11.4%

Over the last three months, the New Zealand dollar has lost 5.6% against the US dollar, making it the weakest of the G-10 currencies. This reduction, along with rising oil costs, is putting upward pressure on tradable inflation. According to ANZ Bank New Zealand, inflation in the country is likely to rise further, led by a weaker currency and rising energy expenses. The bank expects headline inflation to reach 2.7% in the second half of 2025, up from 2.2% in the fourth quarter of 2024.