Exchange Rate Calculator

The exchange rate between the New Zealand Dollar (NZD) and the Hong Kong Dollar (HKD) has experienced notable fluctuations over the past year and a half. This report provides an analysis of the NZD/HKD exchange rate trends from January 2024 through June 2025, highlighting key movements and potential influencing factors.

Exchange Rate Trends from January 2024 to June 2025

2024 Overview:

• Highs and Lows: The NZD/HKD exchange rate began 2024 at a peak of 4.9366 HKD per NZD on January 1. Throughout the year, the rate exhibited a downward trend, reaching its lowest point of 4.3446 HKD per NZD on December 31. (exchange-rates.org)

• Average Rate: The average exchange rate for 2024 was 4.7211 HKD per NZD, indicating a depreciation of the NZD against the HKD over the year. (exchange-rates.org)

2025 First Half Overview:

• January to June Movements: In the first half of 2025, the NZD/HKD exchange rate showed a recovery trend. Starting at 4.3446 HKD per NZD on December 31, 2024, the rate increased to 4.701387 HKD per NZD by June 3, 2025. (ofx.com)

• Monthly Averages:

  • January 2025: 4.379093 HKD per NZD
  • February 2025: 4.424702 HKD per NZD
  • March 2025: 4.445538 HKD per NZD
  • April 2025: 4.530816 HKD per NZD
  • May 2025: 4.631814 HKD per NZD
  • June 3, 2025: 4.701387 HKD per NZD

(ofx.com)

Factors Influencing the NZD/HKD Exchange Rate

Several factors have contributed to the fluctuations in the NZD/HKD exchange rate during this period:

1. Economic Indicators:

   • New Zealand: Economic performance, including GDP growth, inflation rates, and trade balances, directly impacts the NZD's strength.
   • Hong Kong: Similarly, Hong Kong's economic health influences the HKD.

2. Interest Rates:

   • Decisions by the Reserve Bank of New Zealand regarding interest rates can attract or deter foreign investment, affecting the NZD's value.
   • The Hong Kong Monetary Authority's policies also play a role in the HKD's stability.

3. Global Events:

   • Geopolitical developments, trade agreements, and global economic conditions can lead to shifts in investor confidence, impacting currency values.

Conclusion

The NZD/HKD exchange rate has experienced significant fluctuations from January 2024 through June 2025, with a notable depreciation in 2024 followed by a recovery in the first half of 2025. These movements are influenced by a combination of economic indicators, interest rate decisions, and global events. Monitoring these factors is essential for understanding and anticipating future trends in the NZD/HKD exchange rate.