Exchange Rate Calculator

The exchange rate between the Mexican Peso (MXN) and the New Zealand Dollar (NZD) has experienced notable fluctuations over the past few months. This report provides an analysis of the MXN/NZD exchange rate trends from January to April 2025, examines the factors influencing these movements, and offers insights into potential future developments.

Exchange Rate Trends: January to April 2025

January 2025:
- Highest Rate: On January 8, 2025, the MXN reached its peak against the NZD at 0.08736.
- Lowest Rate: The lowest exchange rate was recorded on January 27, 2025, at 0.08507.
- Average Rate: Throughout January, the average exchange rate was approximately 0.08635.

February 2025:
- Highest Rate: The MXN peaked at 0.08714 against the NZD on February 3, 2025.
- Lowest Rate: The lowest rate occurred on February 21, 2025, at 0.08522.
- Average Rate: The average exchange rate for February was around 0.08597.

March 2025:
- Highest Rate: On March 13, 2025, the MXN reached 0.0873 against the NZD.
- Lowest Rate: The lowest rate was 0.0848 on February 2, 2025.
- Average Rate: The average exchange rate in March was approximately 0.0862.

April 2025:
- Specific daily rates for April 2025 are not available in the provided data.

Overall, the MXN/NZD exchange rate exhibited moderate volatility during this period, with the peso experiencing slight depreciation against the New Zealand dollar.

Factors Influencing the MXN/NZD Exchange Rate

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

1. Economic Indicators:

   • Mexico: Economic performance indicators such as GDP growth, inflation rates, and employment figures can influence the strength of the peso.
   • New Zealand: Similarly, New Zealand's economic health, including its export performance and agricultural output, affects the NZD.

2. Monetary Policies:

   • Decisions by the Bank of Mexico and the Reserve Bank of New Zealand regarding interest rates and monetary policies impact investor confidence and currency valuations.

3. Commodity Prices:

   • Both countries are significant exporters of commodities. Fluctuations in global commodity prices can affect their trade balances and, consequently, their currencies.

4. Global Economic Conditions:

   • Global events, such as economic downturns or geopolitical tensions, can lead to shifts in investor sentiment, influencing currency exchange rates.

Comparative Analysis with Previous Years

Comparing the 2025 exchange rate trends with previous years provides additional context:

• 2024:

  • Highest Rate: The MXN reached 0.1016 NZD in April 2024.
  • Lowest Rate: The lowest rate was 0.09766 NZD in April 2024.
  • Average Rate: The average exchange rate in April 2024 was approximately 0.09994 NZD.

• 2023:

  • March 2023:
  • Highest Rate: On March 8, 2023, the MXN reached 0.09100 NZD.
  • Lowest Rate: The lowest rate was 0.08428 NZD on March 17, 2023.

These comparisons indicate that the MXN has experienced a gradual depreciation against the NZD over the past few years.

Future Outlook

Predicting future exchange rate movements involves considering various dynamic factors:

• Economic Recovery:

  • The pace of economic recovery in both Mexico and New Zealand post-pandemic will play a crucial role.

• Monetary Policy Decisions:

  • Future interest rate adjustments by both countries' central banks will influence investor behavior and currency strength.

• Global Trade Dynamics:

  • Changes in global trade policies, commodity prices, and international relations will impact both currencies.

Investors and businesses engaged in MXN/NZD transactions should monitor these factors closely to make informed decisions.

In conclusion, the MXN/NZD exchange rate has shown moderate volatility from January to April 2025, influenced by a combination of economic indicators, monetary policies, and global economic conditions. Understanding these factors is essential for stakeholders to navigate the currency market effectively.