Exchange Rate Calculator

The exchange rate between the Japanese Yen (JPY) and the New Zealand Dollar (NZD) has exhibited notable fluctuations over the past few months. This report provides an analysis of the recent trends, technical indicators, and forecasts to offer insights into the JPY/NZD currency pair.

Recent Exchange Rate Trends

Between November 2024 and February 2025, the JPY/NZD exchange rate experienced significant volatility. In November 2024, the rate was approximately 0.0109, indicating that 1 JPY was equivalent to 0.0109 NZD. By February 2025, the rate had risen to around 0.0117, reflecting a strengthening of the Yen against the New Zealand Dollar. This upward trend suggests increased demand for the Yen or a relative weakening of the NZD during this period.

Technical Analysis

As of March 21, 2025, technical indicators for the JPY/NZD pair signaled a "Strong Buy" recommendation. The Relative Strength Index (RSI) stood at 63.936, indicating bullish momentum. Moving averages across various periods (5, 10, 20, 50, 100, and 200) also supported a buying trend, with all simple and exponential moving averages signaling "Buy." These indicators suggest a positive outlook for the Yen against the New Zealand Dollar in the short term.

Forecasts and Predictions

Looking ahead, forecasts present a mixed outlook for the JPY/NZD exchange rate. Some projections anticipate a decrease in the exchange rate over the next few months. For instance, a forecast from March 6, 2025, predicted a decline to 0.011 in three months, representing a 5.98% decrease from the current rate. Similarly, a six-month forecast projected the rate to be 0.0111, a 5.13% decrease.

Conversely, other analyses suggest potential growth. A forecast from March 6, 2025, indicated that the JPY/NZD exchange rate could increase by 4.66% over the next six months, reaching 0.012335. The same source projected an 8.22% rise over the next year, resulting in a rate of 0.012754.

Factors Influencing the Exchange Rate

Several factors may influence the JPY/NZD exchange rate in the coming months:

• Economic Policies: Monetary policies implemented by the Bank of Japan and the Reserve Bank of New Zealand, including interest rate decisions and quantitative easing measures, can significantly impact the exchange rate.

• Trade Balances: The trade relationship between Japan and New Zealand, including export and import volumes, affects currency demand and supply, influencing the exchange rate.

• Global Economic Conditions: Global economic events, such as changes in commodity prices, geopolitical tensions, and economic growth rates, can impact investor sentiment and currency valuations.

Conclusion

The JPY/NZD exchange rate has shown considerable volatility in recent months, with technical indicators currently suggesting a bullish trend for the Yen. However, forecasts for the coming months are mixed, reflecting uncertainty in the market. Investors should closely monitor economic policies, trade balances, and global economic conditions, as these factors will play crucial roles in determining the future direction of the JPY/NZD exchange rate.