Exchange Rate Calculator

The exchange rate between the Indian Rupee (INR) and the New Zealand Dollar (NZD) has exhibited notable fluctuations over the past several months. This report provides an analysis of the INR/NZD exchange rate trends, highlighting key movements and potential influencing factors.

Recent Exchange Rate Trends

December 2024 to March 2025:

• December 2024: The INR/NZD exchange rate experienced an upward trend, reaching a peak of 0.02089 NZD per INR on December 31, 2024. (exchange-rates.org)

• January 2025: The exchange rate remained relatively stable, with minor fluctuations around the 0.0204 NZD per INR mark. (exchangerates.org.uk)

• February 2025: The INR appreciated slightly against the NZD, with the exchange rate reaching approximately 0.02044 NZD per INR by February 28, 2025. (exchangerates.org.uk)

• March 2025: The exchange rate showed minor fluctuations, with the INR trading at around 0.02010 NZD per INR by March 5, 2025. (exchange-rates.org)

Factors Influencing the Exchange Rate

Several factors have contributed to the observed fluctuations in the INR/NZD exchange rate:

1. Economic Indicators:

• India: Robust economic growth, favorable trade balances, and foreign direct investment inflows have bolstered the INR.

• New Zealand: Economic performance, particularly in the agricultural and tourism sectors, has influenced the NZD's strength.

1. Monetary Policies:

• Reserve Bank of India (RBI): Adjustments in interest rates and monetary policies aimed at controlling inflation and stimulating growth have impacted the INR.

• Reserve Bank of New Zealand (RBNZ): Monetary policy decisions, including interest rate changes, have affected the NZD's valuation.

1. Global Market Dynamics:

• Commodity prices, particularly dairy products for New Zealand and crude oil for India, have influenced the respective currencies.

• Global economic events, trade agreements, and geopolitical developments have also played a role in currency fluctuations.

Outlook

The INR/NZD exchange rate is likely to continue experiencing fluctuations influenced by domestic economic performance, monetary policies, and global market conditions. Investors and businesses engaged in trade between India and New Zealand should monitor these factors closely to make informed decisions.

In summary, the INR/NZD exchange rate has shown a pattern of appreciation for the INR over the past few months, driven by a combination of economic indicators, monetary policies, and global market dynamics. Staying informed about these factors will be crucial for stakeholders involved in financial activities between the two countries.