Exchange Rate Calculator

The exchange rate between the New Zealand Dollar (NZD) and the Japanese Yen (JPY) has experienced notable fluctuations over the past several months. Understanding these movements requires an examination of recent trends, technical indicators, and the economic factors influencing both currencies.

Recent Exchange Rate Trends

As of March 21, 2025, the NZD/JPY exchange rate stood at 85.57, reflecting a slight decrease of 0.08% from the previous day. (investing.com) Over the preceding months, the pair exhibited a downward trajectory:

• January 2025: The exchange rate fluctuated between 87.25 and 89.25, with a peak on January 24. (ycharts.com)

• February 2025: The rate declined, ranging from 85.95 to 87.23, indicating increased volatility. (ycharts.com)

• March 2025: The downward trend continued, with the rate reaching a low of 83.14 on March 4. (investing.com)

This decline suggests a strengthening of the Japanese Yen relative to the New Zealand Dollar during this period.

Technical Analysis

Technical indicators as of March 18, 2025, provided a "Strong Buy" signal for NZD/JPY:

• Relative Strength Index (RSI): At 79.291, indicating overbought conditions.

• Moving Average Convergence Divergence (MACD): Positive at 0.35, suggesting upward momentum.

• Moving Averages: Both simple and exponential moving averages for 5, 10, 20, 50, 100, and 200 periods signaled a "Buy." (investing.com)

These indicators pointed to potential bullish momentum for the NZD/JPY pair at that time.

Economic Factors Influencing NZD/JPY

Several economic factors have influenced the NZD/JPY exchange rate:

• New Zealand's Economic Performance: Fluctuations in New Zealand's GDP growth, inflation rates, and trade balances have impacted the NZD's strength.

• Japan's Monetary Policy: The Bank of Japan's cautious stance on rate hikes has influenced the JPY's valuation. (investing.com)

• Global Market Sentiment: Risk aversion due to global economic uncertainties has led investors to favor the JPY, a traditional safe-haven currency.

Forecasts and Outlook

Forecasts for the NZD/JPY exchange rate vary:

• Short-Term Forecasts: Some analysts predict a rise to 89.2159 in three months, a 4.11% increase from the current rate. (exchangerates.org.uk)

• Long-Term Forecasts: Others anticipate a decline, with the rate potentially reaching 69.32 in one year, a decrease of 18.07%. (coincodex.com)

These differing projections highlight the uncertainty and complexity of currency markets.

Conclusion

The NZD/JPY exchange rate has experienced a downward trend over recent months, influenced by technical indicators and economic factors from both New Zealand and Japan. While some technical analyses suggest potential bullish momentum, economic indicators and forecasts present a mixed outlook. Investors should consider these factors and remain vigilant to global economic developments when making decisions related to this currency pair.