Exchange Rate Calculator

The exchange rate between the Indian Rupee (INR) and the New Zealand Dollar (NZD) has experienced notable fluctuations over the past few months. Understanding these movements requires an analysis of historical data and the economic factors influencing both currencies.

Historical Exchange Rate Overview

January 2025:

• Highest Rate: On January 1, 2025, the INR reached its peak against the NZD, with 1 INR equating to 0.02087 NZD.

• Average Rate: Throughout January, the average exchange rate was approximately 0.02059 NZD per INR.

• Lowest Rate: The lowest point was on January 24, 2025, when 1 INR was equivalent to 0.02035 NZD.

February 2025:

• Highest Rate: The INR's highest valuation against the NZD in February was 0.02044 NZD per INR on February 28, 2025.

• Average Rate: The average exchange rate for the month stood at 0.02021 NZD per INR.

• Lowest Rate: The lowest exchange rate occurred on February 25, 2025, with 1 INR equal to 0.02004 NZD.

March 2025:

• Highest Rate: On March 3, 2025, the INR was valued at 0.02038 NZD.

• Average Rate: The average exchange rate for March was 0.02024 NZD per INR.

• Lowest Rate: The lowest point was on March 7, 2025, with 1 INR equal to 0.02009 NZD.

Factors Influencing the INR/NZD Exchange Rate

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

1. Economic Growth:

• India: The Indian economy is projected to grow by 6.5% in the 2024/25 period.

• New Zealand: New Zealand's economic growth is expected to decelerate further in 2025.

This disparity in growth rates may lead to a weakening of the NZD against the INR.

1. Interest Rates:

• India: The Reserve Bank of India (RBI) has maintained steady interest rates to support economic growth.

• New Zealand: The Reserve Bank of New Zealand has implemented austerity measures, potentially making NZD-denominated assets less attractive.

These differing monetary policies can influence investor preferences and impact the exchange rate.

1. Inflation:

Global inflation rates are declining, with India's inflation expected to decrease at a faster rate compared to New Zealand. This trend could lead to an appreciation of the INR against the NZD.

1. Political Stability:

Both India and New Zealand have maintained political stability, bolstering investor confidence. However, any future political uncertainties could negatively affect their respective currencies.

1. Global Economic Outlook:

The global economic growth is projected to stabilize at 3.2% in 2025. Trade activities, especially in export-focused economies like New Zealand, may be impacted by factors such as US tariffs, potentially weakening the NZD.

Conclusion

The INR/NZD exchange rate has exhibited fluctuations influenced by various economic factors, including differential growth rates, monetary policies, inflation trends, political stability, and global economic conditions. Monitoring these elements is crucial for understanding future movements in the exchange rate between the Indian Rupee and the New Zealand Dollar.