Exchange Rate Calculator

The exchange rate between the Euro (EUR) and the New Zealand Dollar (NZD) has experienced notable fluctuations over the past several months. Understanding these movements requires an examination of recent trends, underlying economic factors, and future projections.

Recent Exchange Rate Trends

As of March 21, 2025, the EUR/NZD exchange rate stood at 1.882 NZD per EUR. (ycharts.com) This represents a significant increase from the rate observed on September 30, 2024, when it was 1.7550 NZD per EUR. (exchange-rates.org) The highest rate in this period was recorded on March 11, 2025, at 1.9097 NZD per EUR. (exchange-rates.org)

Over the past six months, the EUR/NZD exchange rate has risen by approximately 5.96%, indicating a strengthening of the Euro against the New Zealand Dollar. (exchange-rates.org) This upward trend suggests increased demand for the Euro relative to the New Zealand Dollar during this timeframe.

Economic Factors Influencing the Exchange Rate

Several economic factors have contributed to the observed movements in the EUR/NZD exchange rate:

1. Interest Rate Differentials: The European Central Bank (ECB) and the Reserve Bank of New Zealand (RBNZ) have maintained differing monetary policies. If the ECB's interest rates are higher than those of the RBNZ, it can attract investors seeking better returns, thereby increasing demand for the Euro.

2. Economic Performance: The Eurozone's economic indicators, such as GDP growth and employment rates, have shown resilience, bolstering confidence in the Euro. Conversely, New Zealand's economy has faced challenges, including trade imbalances and external debt concerns, which have exerted downward pressure on the NZD.

3. Commodity Prices: New Zealand's economy is heavily reliant on commodity exports. Fluctuations in global commodity prices, particularly dairy products, have impacted the NZD's value. A decline in these prices can weaken the NZD against other currencies, including the Euro.

4. Global Risk Sentiment: In times of global economic uncertainty, investors often seek safe-haven currencies. The Euro, being one of the world's major reserve currencies, benefits from this trend, leading to its appreciation against riskier currencies like the NZD.

Technical Analysis

Technical indicators provide further insights into the EUR/NZD exchange rate dynamics:

• Moving Averages: The 50-day Simple Moving Average (SMA) is projected to reach 1.874759 by April 3, 2025, while the 200-day SMA is expected to hit 1.827235 by the same date. (coincodex.com) These upward trends suggest continued bullish momentum for the Euro against the NZD.

• Relative Strength Index (RSI): The RSI value of 61.790 indicates that the currency pair is approaching overbought territory, suggesting potential for a price correction in the near term. (tradingkey.com)

Future Projections

Forecasts for the EUR/NZD exchange rate vary among analysts:

• Midforex: Predicts a gradual increase in the exchange rate, with an average of 1.9024 in April 2025, reaching 1.9101 by January 2026. (midforex.com)

• ExchangeRates.org.uk: Anticipates a decline, forecasting the rate to be 1.8052 in three months (Q2 2025), representing a 5.11% decrease from current levels. (exchangerates.org.uk)

These differing projections highlight the uncertainty and complexity inherent in currency markets, influenced by a multitude of economic indicators and geopolitical events.

Conclusion

The EUR/NZD exchange rate has exhibited significant volatility over the past several months, influenced by factors such as interest rate differentials, economic performance, commodity prices, and global risk sentiment. While technical indicators suggest a bullish trend, future projections remain mixed, reflecting the dynamic nature of the foreign exchange market. Investors and businesses engaged in EUR/NZD transactions should closely monitor these factors to make informed decisions.