Exchange Rate Calculator

The exchange rate between the South Korean Won (KRW) and the New Zealand Dollar (NZD) has exhibited relative stability over the past few months, with minor fluctuations influenced by various economic factors. This report provides an analysis of the KRW/NZD exchange rate trends, key influencing factors, and potential future outlooks.

Recent Exchange Rate Trends

Over the six-month period from late August 2024 to late February 2025, the KRW/NZD exchange rate has shown modest variability. The highest recorded rate was 0.0012405 NZD per KRW on January 18, 2025, while the lowest was 0.0011897 NZD per KRW on September 24, 2024. The average exchange rate during this period was approximately 0.0012127 NZD per KRW.

Factors Influencing the Exchange Rate

Several factors have contributed to the observed trends in the KRW/NZD exchange rate:

1. Economic Performance: South Korea's robust export-driven economy, particularly in technology and automotive sectors, has bolstered the KRW. Conversely, New Zealand's economy, heavily reliant on agriculture and tourism, has faced challenges due to global market fluctuations and travel restrictions.

2. Monetary Policies: The Bank of Korea's interest rate decisions aimed at controlling inflation and stimulating growth have impacted the KRW's value. Similarly, the Reserve Bank of New Zealand's monetary policies, including adjustments to the Official Cash Rate, have influenced the NZD.

3. Trade Relations: Bilateral trade agreements and the demand for exports between the two countries affect currency valuations. Any shifts in trade dynamics can lead to changes in the exchange rate.

4. Global Economic Conditions: External factors such as commodity prices, geopolitical events, and global financial market trends also play a role in determining the exchange rate between KRW and NZD.

Future Outlook

Given the relative stability observed in the KRW/NZD exchange rate, it is anticipated that this trend may continue in the near future. However, potential changes in global economic conditions, trade policies, or significant monetary policy shifts by either country's central bank could lead to fluctuations. Investors and businesses engaged in transactions involving these currencies should monitor economic indicators and policy announcements to make informed decisions.

In conclusion, while the KRW/NZD exchange rate has remained relatively stable over the past few months, it is subject to various economic and policy-driven factors. Staying informed about these elements is crucial for those involved in financial activities between South Korea and New Zealand.