Exchange Rate Calculator

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 future projections for the NZD/KRW currency pair.

Recent Exchange Rate Trends

As of May 3, 2025, the NZD/KRW exchange rate stands at approximately 843.07 KRW per NZD. Over the past six months, the exchange rate has experienced both peaks and troughs. The highest rate recorded was 843.46 KRW on September 25, 2024, while the lowest was 809.68 KRW on January 28, 2025.

In the first quarter of 2025, the exchange rate demonstrated a gradual upward trend. Starting at 826.37 KRW per NZD on January 1, 2025, it dipped to 813.00 KRW on January 27, 2025, before rebounding to 828.30 KRW by March 18, 2025. This upward momentum continued into April, with the rate reaching 843.07 KRW by April 30, 2025.

Factors Influencing the Exchange Rate

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

1. Economic Indicators: The economic performance of both New Zealand and South Korea significantly impacts their respective currencies. Indicators such as GDP growth, inflation rates, and employment figures influence investor confidence and currency valuation.

2. Interest Rates: Decisions by the Reserve Bank of New Zealand and the Bank of Korea regarding interest rates affect the attractiveness of their currencies. Higher interest rates typically attract foreign investment, leading to currency appreciation.

3. Trade Balances: The trade relationship between New Zealand and South Korea also plays a role. A favorable trade balance for New Zealand can strengthen the NZD against the KRW, and vice versa.

4. Global Economic Events: External factors, such as geopolitical tensions, global economic downturns, or commodity price fluctuations, can influence investor sentiment and currency movements.

Future Projections

Forecasts for the NZD/KRW exchange rate suggest a continued upward trend throughout 2025. Projections indicate that the rate could reach approximately 951.25 KRW per NZD by September 2025, representing a potential return on investment of 13.07% compared to current rates.

It's important to note that these projections are subject to change based on evolving economic conditions, central bank policies, and unforeseen global events.

Conclusion

The NZD/KRW exchange rate has shown a pattern of fluctuation with a general upward trend in recent months. While current forecasts are optimistic, investors and stakeholders should remain vigilant, considering the various economic indicators and external factors that can influence currency movements.