Yield Intelligence
Spot plotted against the sovereign yield differential (base − quote). Currencies with a higher relative yield tend to appreciate over time; divergences between spot and the rate spread flag potential mispricings. Both series are also min-max normalized over the window so they share one axis — the gap between them is the divergence.
Pair
Tenor
Lookback
Yield-Diff Overview · 10Y · 1Y
click a pair to load its chart · click a header to sort| Pair | Spot | 10Y Diff | Fair Value | FV Gap % | Rich/Cheap (σ) ▼ | Regime (ρ) |
|---|---|---|---|---|---|---|
| AUD/NZD | 1.2335 | +0.26% | 1.1762 | +4.9% | rich +1.5 | weak (0.32) |
| AUD/USD | 0.7029 | +0.21% | 0.6636 | +5.9% | rich +1.3 | weak (0.11) |
| AUD/CHF | 0.5820 | +4.71% | 0.5730 | +1.6% | rich +1.1 | aligned (0.80) |
| CAD/CHF | 0.5904 | +3.34% | 0.5855 | +0.8% | rich +1.1 | aligned (0.79) |
| AUD/CAD | 0.9846 | +1.37% | 0.9586 | +2.7% | rich +1.0 | aligned (0.53) |
| USD/CHF | 0.8283 | +4.50% | 0.8166 | +1.4% | fair +0.2 | aligned (0.80) |
| AUD/JPY | 110.85 | +2.43% | 107.57 | +3.0% | fair +0.2 | decoupled (-0.63) |
| NZD/USD | 0.5698 | -0.04% | 0.5709 | -0.2% | fair +0.1 | aligned (0.52) |
| GBP/CHF | 1.1029 | +4.85% | 1.1017 | +0.1% | fair -0.1 | aligned (0.76) |
| NZD/CHF | 0.4717 | +4.45% | 0.4722 | -0.1% | fair -0.1 | aligned (0.57) |
| GBP/NZD | 2.3370 | +0.40% | 2.3448 | -0.3% | fair -0.2 | weak (0.39) |
| GBP/USD | 1.3316 | +0.35% | 1.3406 | -0.7% | fair -0.3 | weak (0.11) |
| CAD/JPY | 112.58 | +1.06% | 112.83 | -0.2% | fair -0.4 | weak (-0.35) |
| NZD/JPY | 89.86 | +2.17% | 91.51 | -1.8% | fair -0.6 | weak (-0.37) |
| USD/JPY | 157.74 | +2.21% | 159.81 | -1.3% | fair -0.7 | decoupled (-0.60) |
| EUR/GBP | 0.8367 | -2.00% | 0.8396 | -0.3% | fair -0.7 | aligned (0.53) |
| CHF/JPY | 190.41 | -2.28% | 192.43 | -1.1% | fair -0.8 | weak (0.05) |
| NZD/CAD | 0.7980 | +1.11% | 0.8081 | -1.3% | fair -0.8 | weak (0.12) |
| GBP/JPY | 210.03 | +2.57% | 212.74 | -1.3% | fair -0.8 | decoupled (-0.67) |
| USD/CAD | 1.4012 | +1.15% | 1.4035 | -0.2% | fair -0.9 | aligned (0.74) |
| GBP/CAD | 1.8656 | +1.50% | 1.8917 | -1.4% | cheap -1.1 | weak (0.39) |
| EUR/USD | 1.1143 | -1.64% | 1.1402 | -2.3% | cheap -1.2 | aligned (0.76) |
| EUR/NZD | 1.9554 | -1.60% | 2.0074 | -2.6% | cheap -1.2 | weak (0.23) |
| GBP/AUD | 1.8946 | +0.14% | 2.0112 | -5.8% | cheap -1.3 | weak (-0.18) |
| EUR/JPY | 175.73 | +0.57% | 181.71 | -3.3% | cheap -1.5 | weak (-0.38) |
| EUR/AUD | 1.5853 | -1.86% | 1.6650 | -4.8% | cheap -1.6 | weak (0.24) |
| EUR/CHF | 0.9228 | +2.85% | 0.9346 | -1.3% | cheap -1.9 | aligned (0.63) |
| EUR/CAD | 1.5609 | -0.49% | 1.5904 | -1.9% | cheap -2.5 | weak (-0.07) |
FV Gap = spot vs its yield-implied fair value (red = rich-side, green = cheap-side). Rich/Cheap σ = how unusual today's gap is vs its own history over the window (mean-reversion). Regime = spot↔yield-diff correlation (aligned / weak / decoupled).
NZD/USD — detail
Spot
0.5698
Implied fair value
0.5709
10Y yield diff
-0.04%
Rich / cheap
fair (+0.1σ)
FV gap
-0.18%
Relationship (ρ=0.52)
aligned
NZD/USD Spot vs 10Y Yield Differential
NZD−USD, 1Y
- yield diff
- spot
- fair value
Through 2026-10-27 · 260 obs · yield diff on left axis, spot & fair value on right.
NZDUSD spot versus the NZD minus USD 10Y yield differential. Yield differential (daily, %): Latest: -0.04 (27 Oct 2026) | Range: -0.25 to 0.58 | Trend: broadly flat; NZDUSD spot (daily close): Latest: 0.57 (27 Oct 2026) | Range: 0.56 to 0.61 | Trend: falling; Yield-implied fair value (daily): Latest: 0.57 (27 Oct 2026) | Range: 0.56 to 0.61 | Trend: broadly flat.Normalized Overlay — Divergence
min-max [0,1] over window
- spot (norm)
- yield diff (norm)
Both series rescaled to [0,1] over the 1Y window — the gold (yield-diff) line is the yield-implied fair value. Blue (spot) above gold = the currency is rich vs its yield support; below = cheap. The gap between the lines is the divergence.
NZDUSD spot and yield differential, both rescaled to 0-1 over the 1 year window. Spot (normalized) (daily): Latest: 0.23 (27 Oct 2026) | Range: 0.00 to 1.00 | Trend: falling; Yield differential (normalized) (daily): Latest: 0.25 (27 Oct 2026) | Range: 0.00 to 1.00 | Trend: broadly flat.