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Exchange Rate Calculator
Convert between currencies and track historical exchange rates
Amount
0.44 NZD
Exchange Rate
as of June 20, 2025 at 6:02 PM
1 MXN =
0.09 NZD
Market analysis of MXN to NZD currency exchange rates
Analysis as of April 2025
The exchange rate between the Mexican Peso (MXN) and the New Zealand Dollar (NZD) has exhibited notable fluctuations over the past few months. This report provides an analysis of the recent trends, key influencing factors, and potential future outlooks for the MXN/NZD currency pair.
Recent Exchange Rate Trends
January 2025:
- Highest Rate: On January 8, 2025, the MXN reached its peak against the NZD at 0.08736.
- Lowest Rate: The lowest point was recorded on January 27, 2025, at 0.08507.
- Average Rate: Throughout January, the average exchange rate was approximately 0.08620.
February 2025:
- Highest Rate: The MXN peaked at 0.08714 against the NZD on February 3, 2025.
- Lowest Rate: The lowest exchange rate occurred on February 21, 2025, at 0.08522.
- Average Rate: The average rate for February was around 0.08597.
Over the two-month period, the MXN/NZD exchange rate experienced a slight decline of approximately 0.58%, indicating a marginal depreciation of the Mexican Peso relative to the New Zealand Dollar. (exchange-rates.org)
Factors Influencing the Exchange Rate
Several factors have contributed to the observed fluctuations in the MXN/NZD exchange rate:
Economic Performance:
- Mexico: Economic indicators such as GDP growth, inflation rates, and employment figures can influence the value of the Peso.
- New Zealand: Similarly, New Zealand's economic performance, including trade balances and agricultural exports, impacts the NZD.
Monetary Policies:
- Decisions by the Bank of Mexico and the Reserve Bank of New Zealand regarding interest rates and monetary policies affect investor confidence and currency valuations.
Global Market Dynamics:
- Commodity prices, especially oil for Mexico and dairy products for New Zealand, play a significant role in determining the strength of their respective currencies.
Trade Relations:
- Bilateral trade agreements and the volume of trade between Mexico and New Zealand can influence demand for each other's currencies.
Historical Context
Looking back over the past few years, the MXN/NZD exchange rate has shown variability:
2024: The exchange rate ranged from a low of 0.08002 NZD per MXN on September 27 to a high of 0.08804 on December 20. (exchange-rates.org)
2023: The MXN/NZD rate fluctuated between 0.08132 and 0.09631, indicating periods of both appreciation and depreciation. (exchange-rates.org)
2022: The exchange rate varied from 0.07147 to 0.07403, reflecting a relatively stable period compared to other years. (exchange-rates.org)
Future Outlook
Predicting future exchange rate movements involves considering various economic indicators and potential geopolitical events. Factors to monitor include:
Economic Indicators: GDP growth rates, inflation, and employment statistics in both countries.
Monetary Policy Decisions: Interest rate changes and policy statements from both central banks.
Global Commodity Prices: Fluctuations in oil and dairy prices, which are significant exports for Mexico and New Zealand, respectively.
Trade Policies: Any changes in trade agreements or tariffs between the two nations.
Given the interconnectedness of global economies, external factors such as international trade tensions, global economic slowdowns, or pandemics can also impact the MXN/NZD exchange rate.
Conclusion
The MXN/NZD exchange rate has experienced modest fluctuations over the past few months, influenced by a combination of economic performance, monetary policies, and global market dynamics. While the Mexican Peso has shown slight depreciation against the New Zealand Dollar in early 2025, the overall trend remains within a relatively stable range. Investors and businesses engaged in transactions involving these currencies should stay informed about economic developments and policy decisions in both countries to make well-informed financial decisions.