Exchange Rate Calculator

The exchange rate between the New Zealand Dollar (NZD) and the Brazilian Real (BRL) has experienced notable fluctuations over the past few 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

Historical Performance:

• 2023 Overview: In 2023, the NZD/BRL exchange rate exhibited significant volatility. The highest rate was recorded on January 3, 2023, at 3.4233 BRL per NZD, while the lowest was on September 15, 2023, at 2.8717 BRL per NZD. The average exchange rate for the year stood at 3.0685 BRL per NZD, marking a 9.44% decline over the year.

• Late 2024 to Early 2025: Between September 19, 2024, and March 18, 2025, the exchange rate ranged from a high of 3.8042 BRL per NZD on December 25, 2024, to a low of 3.2463 BRL per NZD on February 18, 2025. The average rate during this period was 3.4039 BRL per NZD, reflecting a 2.46% decrease over six months.

Recent Data:

• As of March 18, 2025, the exchange rate was 3.3113 BRL per NZD.

Factors Influencing the Exchange Rate

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

1. Economic Indicators:

• New Zealand: Economic performance, including GDP growth, inflation rates, and trade balances, directly impacts the NZD's strength.

• Brazil: Similarly, Brazil's economic indicators, such as inflation rates, fiscal policies, and trade balances, influence the BRL's value.

1. Monetary Policies:

• Decisions by the Reserve Bank of New Zealand and the Central Bank of Brazil regarding interest rates and monetary policies affect investor confidence and capital flows, thereby impacting the exchange rate.

1. Global Commodity Prices:

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

1. Political Stability:

• Political events, policy changes, and government stability in either country can influence investor perceptions and currency valuations.

Forecasts and Projections

Forecasts for the NZD/BRL exchange rate suggest a gradual depreciation of the NZD against the BRL over the next two years:

• 2025 Projections:

  • March 2025: Average rate of 3.4011 BRL per NZD, with a range between 3.3841 and 3.4181.
  • April 2025: Average rate of 3.3994 BRL per NZD, ranging from 3.3824 to 3.4164.
  • May 2025: Average rate of 3.4045 BRL per NZD, with a range between 3.3875 and 3.4215.
  • June 2025: Average rate of 3.4079 BRL per NZD, ranging from 3.3909 to 3.4249.
  • July 2025: Average rate of 3.4062 BRL per NZD, with a range between 3.3892 and 3.4232.
  • August 2025: Average rate of 3.4096 BRL per NZD, ranging from 3.3926 to 3.4266.
  • September 2025: Average rate of 3.4147 BRL per NZD, with a range between 3.3977 and 3.4316.
  • October 2025: Average rate of 3.4130 BRL per NZD, ranging from 3.3960 to 3.4299.
  • November 2025: Average rate of 3.4181 BRL per NZD, with a range between 3.4011 and 3.4350.
  • December 2025: Average rate of 3.4164 BRL per NZD, ranging from 3.3994 to 3.4333.

• 2026 Projections:

  • January 2026: Average rate of 3.4215 BRL per NZD, with a range between 3.4045 and 3.4384.
  • February 2026: Average rate of 3.4232 BRL per NZD, ranging from 3.4062 to 3.4401.
  • March 2026: Average rate of 3.4249 BRL per NZD, with a range between 3.4079 and 3.4418.
  • April 2026: Average rate of 3.4283 BRL per NZD, ranging from 3.4113 to 3.4452.
  • May 2026: Average rate of 3.4316 BRL per NZD, with a range between 3.4147 and 3.4486.
  • June 2026: Average rate of 3.4452 BRL per NZD, ranging from 3.4283 to 3.4622.
  • July 2026: Average rate of 3.4486 BRL per NZD, with a range between 3.4316 and 3.4656.
  • August 2026: Average rate of 3.4469 BRL per NZD, ranging from 3.4299 to 3.4639.
  • September 2026: Average rate of 3.4520 BRL per NZD, with a range between 3.4350 and 3.4690.
  • October 2026: Average rate of 3.4503 BRL per NZD, ranging from 3.4333 to 3.4673.
  • November 2026: Average rate of 3.4554 BRL per NZD, with a range between 3.4384 and 3.4724.
  • December 2026: Average rate of 3.4537 BRL per NZD, ranging from 3.4367 to 3.4707.
  • January 2027: Average rate of 3.4588 BRL per NZD, with a range between 3.4418 and 3.4758.

These projections indicate a relatively stable exchange rate with minor fluctuations, suggesting that the NZD is expected to maintain its value against the BRL in the near term.

Conclusion

The NZD/BRL exchange rate has experienced notable fluctuations over the past few months, influenced by various economic indicators, monetary policies, global commodity prices, and political events. While recent forecasts suggest relative stability in the exchange rate, it is essential for investors and businesses engaged in transactions involving these currencies to stay informed about ongoing economic developments and policy changes in both New Zealand and Brazil.