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 historical data, technical indicators, and the economic factors influencing both currencies.

Historical Exchange Rate Overview

Between September 18, 2024, and March 15, 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. (exchangerates.org.uk)

In 2024, the exchange rate reached its peak at 6.5733 SEK per NZD on May 17 and its lowest point at 6.1729 SEK per NZD on August 20. The average rate for the year was 6.3933 SEK per NZD. (exchange-rates.org)

Technical Analysis

As of March 7, 2025, technical indicators suggested a bearish trend for the NZD/SEK pair. The Relative Strength Index (RSI) stood at 27.08, indicating that the currency pair was in the oversold territory. Other indicators, such as the Stochastic Oscillator and the Commodity Channel Index (CCI), also pointed towards selling signals. Moving averages further supported this bearish outlook, with both simple and exponential moving averages across various periods signaling a 'Sell' action. (investing.com)

Economic Factors Influencing the Exchange Rate

Several economic factors have influenced the NZD/SEK exchange rate:

• Interest Rates: Differences in interest rates set by the Reserve Bank of New Zealand and the Sveriges Riksbank can affect investor appetite for these currencies.

• Economic Performance: Indicators such as GDP growth, employment rates, and inflation in both countries impact currency strength.

• Trade Balances: New Zealand's export-driven economy and Sweden's industrial output influence their respective currencies.

• Global Market Sentiment: Risk appetite among investors can lead to fluctuations in currency pairs like NZD/SEK.

Forecasts and Outlook

Forecasts for the NZD/SEK exchange rate vary among analysts. Some projections suggest a potential increase to 6.41 SEK per NZD in the next three months, representing a 2.87% rise from the current rate. (exchangerates.org.uk) Other analyses predict a more modest increase to 5.843 SEK per NZD over the next year. (walletinvestor.com)

It's important to note that exchange rate forecasts are subject to change due to unforeseen economic developments, policy changes, and global events.

Conclusion

The NZD/SEK exchange rate has shown considerable volatility over the past year, influenced by a combination of technical indicators and economic factors. While some forecasts anticipate a strengthening of the NZD against the SEK in the coming months, investors should remain cautious and consider the inherent uncertainties in currency markets.