Exchange Rate Calculator

The exchange rate between the New Zealand Dollar (NZD) and the South Korean Won (KRW) has experienced notable fluctuations over the past several months. As of June 3, 2025, the NZD/KRW rate stands at approximately 844.01, reflecting a 0.42% increase from the previous day's close. (poundsterlinglive.com)

Recent Exchange Rate Trends

Over the past six months, the NZD/KRW exchange rate has exhibited both upward and downward movements. The highest rate during this period was 845.41 KRW per NZD on March 18, 2025, while the lowest was 809.68 KRW per NZD on January 28, 2025. (poundsterlinglive.com) This indicates a fluctuation range of approximately 35.73 KRW.

In the past month, the exchange rate has shown a positive trend. The average rate over the last 20 days was 826.57 KRW per NZD, with a peak of 845.41 KRW and a low of 818.512 KRW. (poundsterlinglive.com) This represents a 2.66% increase over the month.

Factors Influencing the Exchange Rate

Several factors have contributed to the 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 influence investor confidence and currency valuations.

• Interest Rates: Decisions by the Reserve Bank of New Zealand and the Bank of Korea regarding interest rates can attract or deter foreign investment, impacting the demand for each currency.

• Trade Relations: The trade balance between New Zealand and South Korea, including export and import activities, affects currency demand and supply dynamics.

• Global Economic Events: International events, such as changes in commodity prices (notably dairy for New Zealand) and geopolitical developments, can lead to shifts in currency values.

Technical Analysis

Technical indicators provide insights into potential future movements of the NZD/KRW exchange rate. As of late September 2024, the Relative Strength Index (RSI) stood at 41.537, suggesting a potential sell signal. The Moving Average Convergence Divergence (MACD) was at -1.51, also indicating a bearish trend. (investing.com) However, it's important to note that technical indicators are time-sensitive and should be considered alongside current market conditions.

Historical Context

Looking back over the past year, the NZD/KRW exchange rate reached its highest point at 852.35 KRW per NZD on June 21, 2024, and its lowest at 802.47 KRW per NZD on March 26, 2024. (poundsterlinglive.com) This historical perspective highlights the currency pair's volatility and underscores the importance of monitoring both economic fundamentals and technical indicators when analyzing exchange rate movements.

In conclusion, the NZD/KRW exchange rate has demonstrated significant variability influenced by a combination of economic indicators, monetary policies, trade relations, and global events. Staying informed about these factors is crucial for understanding and anticipating future movements in this currency pair.