Exchange Rate Calculator

The exchange rate between the New Zealand Dollar (NZD) and the Swedish Krona (SEK) has experienced notable fluctuations over the past several months. Understanding these movements requires an examination of recent trends, underlying economic factors, and future projections.

Recent Exchange Rate Trends

Between September 2024 and March 2025, the NZD/SEK exchange rate exhibited significant volatility. The highest recorded rate during this period was 6.4826 SEK per NZD on November 20, 2024, while the lowest was 5.7208 SEK per NZD on March 11, 2025. The average exchange rate over these six months was approximately 6.2636 SEK per NZD.

In 2025, the exchange rate continued to fluctuate. The highest rate was 6.2905 SEK per NZD on January 13, 2025, and the lowest was 6.0974 SEK per NZD on February 13, 2025. The average rate for this period was 6.2069 SEK per NZD.

Factors Influencing the Exchange Rate

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

• Economic Indicators: Differences in GDP growth, inflation rates, and employment figures between New Zealand and Sweden can influence investor confidence and currency valuations.

• Interest Rates: Decisions by the Reserve Bank of New Zealand and the Sveriges Riksbank regarding interest rates affect the attractiveness of their respective currencies. Higher interest rates typically attract foreign investment, increasing demand for the currency.

• Trade Balances: The trade balance between the two countries impacts currency demand. A trade surplus in New Zealand, for instance, would increase demand for the NZD, potentially strengthening it against the SEK.

• Global Economic Events: Events such as geopolitical tensions, global financial crises, or pandemics can lead to shifts in investor sentiment, affecting currency exchange rates.

Forecasts and Projections

Looking ahead, various forecasts provide insights into the potential direction of the NZD/SEK exchange rate:

• Short-Term Forecasts: Some analyses predict a decrease in the NZD/SEK exchange rate over the next month, with projections suggesting a drop from the current rate of approximately 6.18 SEK per NZD to around 6.04 SEK per NZD, indicating a bearish sentiment in the short term.

• Medium-Term Forecasts: Other sources anticipate an increase in the exchange rate over the next three to six months. For instance, a forecast suggests that the NZD/SEK rate could rise to 6.41 SEK per NZD in three months and 6.53 SEK per NZD in six months, representing increases of 2.87% and 4.8%, respectively.

• Long-Term Forecasts: Projections for the next five years indicate a potential increase in the exchange rate, with estimates suggesting the NZD/SEK rate could reach 6.171 SEK per NZD by 2030.

Conclusion

The NZD/SEK exchange rate has demonstrated considerable volatility over the past several months, influenced by a range of economic indicators and global events. While short-term forecasts suggest a potential decrease, medium to long-term projections indicate a possible strengthening of the NZD against the SEK. Investors and stakeholders should monitor ongoing economic developments and central bank policies in both New Zealand and Sweden to make informed decisions regarding this currency pair.