Exchange Rate Calculator

The exchange rate between the Japanese Yen (JPY) and the New Zealand Dollar (NZD) has exhibited notable fluctuations over the past several months. This report provides an analysis of the recent trends, underlying factors influencing these movements, and forecasts for the near future.

Recent Exchange Rate Trends

As of June 3, 2025, the JPY/NZD exchange rate stands at approximately 0.011785. Over the past six months, the exchange rate has experienced a general upward trend. In January 2025, the rate was around 0.01123, reaching a peak of 0.01178 on February 26, 2025. This represents an increase of approximately 4.9% from the January low to the February high. (exchange-rates.org)

Factors Influencing the Exchange Rate

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

1. Economic Indicators: Japan's economic performance, including GDP growth and inflation rates, has influenced the Yen's strength. Similarly, New Zealand's economic indicators, such as trade balances and interest rates set by the Reserve Bank of New Zealand, have impacted the NZD.

2. Monetary Policies: The Bank of Japan's monetary policy, particularly its stance on interest rates and quantitative easing, has affected the Yen's value. Conversely, the Reserve Bank of New Zealand's monetary policies, including interest rate adjustments, have influenced the NZD.

3. Global Market Sentiment: Risk appetite among investors has played a role, with the Yen often serving as a safe-haven currency during periods of global uncertainty, leading to its appreciation.

4. Trade Relations: Bilateral trade dynamics between Japan and New Zealand, including export and import volumes, have also impacted the exchange rate.

Forecasts and Market Sentiment

Looking ahead, forecasts suggest a potential decrease in the JPY/NZD exchange rate. In the next month, the rate is projected to decline by approximately 1.68%, from the current rate of 0.011785 to 0.011588. Over the next three months, the rate is expected to reach 0.011, representing a decrease of about 5.98% compared to today's price. (exchangerates.org.uk)

Technical indicators provide additional insights:

• 50-Day Simple Moving Average (SMA): Currently at 0.011534, suggesting a potential downward trend.

• 200-Day SMA: At 0.011247, indicating a longer-term perspective of the exchange rate.

• 14-Day Relative Strength Index (RSI): At 53.25, suggesting neutral market conditions.

Overall, the market sentiment for the JPY/NZD pair is currently neutral, with a slight inclination towards a bearish outlook in the short term.

Conclusion

The JPY/NZD exchange rate has shown an upward trend over the past six months, influenced by various economic indicators, monetary policies, and global market sentiments. However, forecasts indicate a potential decline in the near future. Investors and stakeholders should closely monitor these factors and consider both technical indicators and fundamental analyses when making decisions related to this currency pair.