Exchange Rate Calculator

The exchange rate between the New Zealand Dollar (NZD) and the Mexican Peso (MXN) has experienced notable fluctuations over the past few months. Understanding these movements requires an examination of recent trends, underlying economic factors, and potential future developments.

Recent Exchange Rate Trends

Over the past six months, the NZD/MXN exchange rate has exhibited significant volatility. Between August 19, 2024, and February 14, 2025, the exchange rate ranged from a low of 11.358 MXN per NZD on December 20, 2024, to a high of 12.497 MXN per NZD on September 27, 2024. The average exchange rate during this period was approximately 11.864 MXN per NZD.

In 2025, the exchange rate continued to fluctuate. In January, it reached a peak of 11.755 MXN per NZD on January 27 and a trough of 11.447 MXN per NZD on January 8, with an average rate of 11.601 MXN per NZD for the month. By February 14, 2025, the rate stood at 11.644 MXN per NZD.

Factors Influencing the Exchange Rate

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

1. Economic Performance: New Zealand's economy, heavily reliant on agriculture and exports, has been influenced by global commodity prices and trade dynamics. Any shifts in these areas can impact the NZD's strength. Conversely, Mexico's economy, with its strong manufacturing sector and ties to the U.S. economy, responds to different economic indicators.

2. Monetary Policies: The Reserve Bank of New Zealand (RBNZ) and the Bank of Mexico (Banxico) have adopted varying monetary policies in response to domestic economic conditions. Interest rate decisions by these central banks directly affect currency valuations.

3. Global Market Sentiment: Investor sentiment, influenced by geopolitical events, trade agreements, and global economic outlooks, plays a crucial role in currency exchange rates. Periods of uncertainty or economic optimism can lead to capital flows that strengthen or weaken the NZD and MXN.

Comparative Analysis with Previous Years

Comparing recent trends to previous years provides additional context:

• 2023: The NZD/MXN exchange rate in August 2023 ranged from 9.8884 to 10.536 MXN per NZD, with an average of 10.184 MXN per NZD.

• 2022: In July 2022, the exchange rate fluctuated between 12.579 and 12.785 MXN per NZD.

• 2021: July 2021 saw rates between 13.862 and 14.045 MXN per NZD.

These comparisons highlight a general depreciation of the NZD against the MXN over the past few years.

Future Outlook

Predicting future exchange rate movements involves considering various factors:

• Economic Forecasts: Projections for New Zealand's and Mexico's economic growth, inflation rates, and trade balances will influence their respective currencies.

• Monetary Policy Trajectories: Anticipated actions by the RBNZ and Banxico regarding interest rates and monetary easing or tightening will impact the exchange rate.

• Global Economic Conditions: Developments such as changes in commodity prices, trade agreements, and geopolitical events will continue to affect investor sentiment and currency valuations.

In conclusion, the NZD/MXN exchange rate has experienced notable fluctuations influenced by a complex interplay of economic performance, monetary policies, and global market dynamics. Staying informed about these factors is essential for understanding and anticipating future movements in this currency pair.