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Exchange Rate Calculator
Convert between currencies and track historical exchange rates
Amount
828.30 KRW
Exchange Rate
as of July 05, 2025 at 2:49 AM
1 NZD =
828.30 KRW
Market analysis of NZD to KRW currency exchange rates
Analysis as of April 2025
The exchange rate between the New Zealand Dollar (NZD) and the South Korean Won (KRW) 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 NZD/KRW currency pair.
Recent Exchange Rate Trends
Over the past six months, the NZD/KRW exchange rate has experienced both peaks and troughs. Notably:
Highest Rate: On April 28, 2025, the exchange rate reached a peak of 858.41 KRW per NZD. (exchange-rates.org)
Lowest Rate: The lowest point was recorded on January 27, 2025, at 813.00 KRW per NZD. (exchange-rates.org)
Average Rate: During this period, the average exchange rate was approximately 827.24 KRW per NZD. (exchange-rates.org)
In the most recent month, June 2025, the exchange rate fluctuated between a high of 834.12 KRW per NZD on June 3 and a low of 813.87 KRW per NZD on June 25. (poundsterlinglive.com)
Factors Influencing the Exchange Rate
Several factors have contributed to the observed fluctuations in the NZD/KRW exchange rate:
Economic Indicators: Key economic metrics such as GDP growth, inflation rates, and employment figures in both New Zealand and South Korea significantly impact their respective currencies. For instance, stronger-than-expected GDP growth in New Zealand can bolster the NZD, while higher inflation in South Korea might weaken the KRW.
Interest Rate Differentials: The monetary policies of the Reserve Bank of New Zealand (RBNZ) and the Bank of Korea (BOK) play a crucial role. If the RBNZ raises interest rates while the BOK maintains or lowers theirs, the NZD may appreciate against the KRW due to higher returns on investments denominated in NZD.
Trade Balances: The trade relationship between the two countries influences currency demand. A trade surplus in New Zealand indicates higher demand for NZD, potentially strengthening it against the KRW. Conversely, a trade deficit can have the opposite effect.
Global Market Sentiment: As both currencies are considered risk-sensitive, global economic events, geopolitical tensions, and shifts in investor sentiment can lead to rapid changes in the exchange rate. For example, increased global risk aversion may lead investors to seek safe-haven currencies, affecting the NZD/KRW pair.
Comparative Historical Context
To provide a broader perspective, examining the exchange rate trends over the past few years reveals:
2024: The exchange rate ranged from a low of 803.34 KRW per NZD on March 29 to a high of 851.83 KRW per NZD on June 25, with an average rate of 824.34 KRW per NZD. (exchange-rates.org)
2023: Data indicates fluctuations within a similar range, reflecting ongoing economic interactions and external influences affecting both currencies.
2022: The exchange rate varied between 791.72 KRW per NZD and 855.95 KRW per NZD, averaging 818.90 KRW per NZD. (exchangerates.org.uk)
Future Outlook
Predicting future exchange rate movements involves considering various dynamic factors:
Monetary Policy Decisions: Upcoming decisions by the RBNZ and BOK regarding interest rates and monetary policy will be pivotal. Divergent policies could lead to significant shifts in the exchange rate.
Economic Performance: Continued monitoring of economic indicators such as GDP growth, inflation, and employment rates in both countries will provide insights into potential currency movements.
Global Economic Conditions: External factors, including global trade dynamics, commodity prices (especially those relevant to New Zealand's exports), and geopolitical events, will continue to influence the NZD/KRW exchange rate.
Conclusion
The NZD/KRW exchange rate has demonstrated considerable variability over the past few months, influenced by a complex interplay of domestic economic indicators, monetary policies, and global market sentiments. Stakeholders should remain vigilant, keeping abreast of economic developments and policy decisions in both New Zealand and South Korea, as well as global economic trends, to make informed decisions regarding this currency pair.