Exchange Rate Calculator

The exchange rate between the South Korean Won (KRW) and the New Zealand Dollar (NZD) has exhibited notable fluctuations over the past several months. This report provides an analysis of the KRW/NZD exchange rate trends, highlighting key movements and underlying factors influencing these changes.

Recent Exchange Rate Trends

January 2025:
- Highest Rate: ₩1 = $0.001230 NZD on January 27, 2025.
- Lowest Rate: ₩1 = $0.001210 NZD on January 1, 2025.
- Average Rate: ₩1 = $0.001221 NZD.

During January 2025, the KRW/NZD exchange rate experienced a gradual appreciation, with the Won strengthening against the New Zealand Dollar. The rate peaked at 0.001230 NZD per Won towards the end of the month. (exchange-rates.org)

February 2025:
- Highest Rate: ₩1 = $0.001220 NZD on February 4, 2025.
- Lowest Rate: ₩1 = $0.001214 NZD on February 7, 2025.
- Average Rate: ₩1 = $0.001217 NZD.

In February, the exchange rate exhibited minor fluctuations, maintaining a relatively stable range between 0.001214 and 0.001220 NZD per Won. (exchange-rates.org)

March 2025:
- Lowest Rate: ₩1 = $0.001177 NZD on March 19, 2025.

By mid-March, the Won depreciated to its lowest point in recent months, reaching 0.001177 NZD per Won. (exchange-rates.org)

Factors Influencing the Exchange Rate

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

1. Economic Indicators:

   • South Korea: Economic performance indicators such as GDP growth, inflation rates, and trade balances can influence the value of the Won.
   • New Zealand: Similarly, New Zealand's economic health, including its export performance and interest rates, affects the NZD's strength.

2. Central Bank Policies:

   • Decisions by the Bank of Korea and the Reserve Bank of New Zealand regarding interest rates and monetary policies play a crucial role in currency valuation.

3. Global Market Sentiment:

   • Investor confidence and risk appetite can lead to capital flows between emerging markets like South Korea and developed markets such as New Zealand, impacting exchange rates.

4. Geopolitical Events:

   • Events such as trade negotiations, political stability, and international relations can cause volatility in currency markets.

Historical Context

Looking at a broader timeframe, the KRW/NZD exchange rate has shown a general trend of depreciation for the Won:

• September 2024: The exchange rate was approximately 0.0011897 NZD per Won on September 24, 2024. (exchangerates.org.uk)

• November 2024: The rate peaked at 0.001233 NZD per Won on November 29, 2024. (exchange-rates.org)

This historical perspective indicates that while short-term fluctuations are common, the Won has experienced periods of both appreciation and depreciation against the NZD over the past year.

Conclusion

The KRW/NZD exchange rate has experienced moderate fluctuations over the past several months, influenced by a combination of economic indicators, central bank policies, global market sentiment, and geopolitical events. Understanding these factors is essential for stakeholders engaged in trade, investment, or financial planning involving these currencies.