Exchange Rate Calculator

The exchange rate between the Canadian Dollar (CAD) and the New Zealand Dollar (NZD) has exhibited notable fluctuations over the past several months, influenced by various economic indicators and market sentiments. This report provides an analysis of the recent trends, technical indicators, and forecasts for the CAD/NZD currency pair.

Recent Exchange Rate Trends

Between September 2024 and March 2025, the CAD/NZD exchange rate experienced significant volatility. The highest recorded rate during this period was 1.2492 NZD per CAD on January 18, 2025, while the lowest was 1.1649 NZD per CAD on September 29, 2024. The average exchange rate over these six months was approximately 1.2159 NZD per CAD. (exchangerates.org.uk)

In the first quarter of 2025, the exchange rate demonstrated a downward trend. For instance, on March 21, 2025, the CAD/NZD rate stood at 1.2136, marking a 0.17% increase from the previous day. However, this was still below the January peak. (investing.com)

Technical Analysis

As of March 15, 2025, technical indicators provided mixed signals for the CAD/NZD pair. The Relative Strength Index (RSI) at 41.504 suggested a sell signal, indicating potential bearish momentum. Similarly, the Moving Average Convergence Divergence (MACD) at -0.001 also pointed to a sell signal. The Average Directional Index (ADX) at 49.709 further supported a bearish outlook. Conversely, the Stochastic Oscillator (STOCH) at 60.826 indicated a buy signal, suggesting potential bullish momentum. (investing.com)

Moving averages reinforced the bearish sentiment. Both simple and exponential moving averages for periods ranging from 5 to 200 days indicated sell signals, with the 200-day simple moving average at 1.2168 and the 200-day exponential moving average at 1.2169. (investing.com)

Forecasts and Projections

Forecasts for the CAD/NZD exchange rate vary among different analysts. One projection anticipated the rate to rise to 1.2346 in one month, representing a 1.99% increase from the rate of 1.2105 at that time. (exchangerates.org.uk) In contrast, another forecast predicted a decrease of 3.63% over the next month, bringing the rate down to 1.159744 from the current rate of 1.203381. (coincodex.com)

Long-term projections also differ. Some analysts expect the CAD/NZD rate to reach 1.232 by 2026, indicating a gradual appreciation of the Canadian Dollar against the New Zealand Dollar. (walletinvestor.com) Others predict a more modest increase, with the rate averaging around 1.2110 by the end of 2025 and 1.2206 in 2026. (midforex.com)

Factors Influencing the Exchange Rate

Several factors contribute to the fluctuations in the CAD/NZD exchange rate:

• Economic Indicators: GDP growth, inflation rates, and employment data in both Canada and New Zealand significantly impact their respective currencies.

• Interest Rates: Decisions by the Bank of Canada and the Reserve Bank of New Zealand regarding interest rates influence investor sentiment and capital flows.

• Commodity Prices: Canada's economy is heavily reliant on commodities like oil, while New Zealand's economy is influenced by agricultural exports. Fluctuations in these commodity prices can affect the exchange rate.

• Global Economic Conditions: Trade relations, geopolitical events, and global economic trends also play a role in currency valuation.

Conclusion

The CAD/NZD exchange rate has shown considerable volatility over the past several months, with technical indicators and forecasts providing mixed signals. While some projections anticipate an appreciation of the Canadian Dollar against the New Zealand Dollar, others suggest a potential depreciation. Investors and traders should closely monitor economic indicators, central bank policies, and global economic developments to make informed decisions regarding this currency pair.