Exchange Rate Calculator

The exchange rate between the New Zealand Dollar (NZD) and the Singapore Dollar (SGD) has experienced notable fluctuations over the past several months. Understanding these movements requires an examination of recent trends, technical indicators, and economic factors influencing both currencies.

Recent Exchange Rate Trends

Over the six-month period leading up to March 2025, the NZD/SGD exchange rate exhibited a downward trend. The highest rate during this timeframe was 0.8152 SGD per NZD on September 30, 2024, while the lowest was 0.7559 SGD per NZD on February 28, 2025. This represents a decline of approximately 7.3% from the peak to the trough. (exchange-rates.org)

In March 2025, the exchange rate showed signs of recovery. On March 17, 2025, the rate reached 0.7744 SGD per NZD, marking the highest point for that month. The average exchange rate for March 2025 was 0.7626 SGD per NZD. (exchange-rates.org)

Technical Analysis

As of March 28, 2025, technical indicators suggested a bearish outlook for the NZD/SGD pair. The Relative Strength Index (RSI) stood at 41.71, indicating selling pressure. The Moving Average Convergence Divergence (MACD) was at zero, also signaling a sell. Additionally, all moving averages (MA5 through MA200) were below the current price, reinforcing the bearish sentiment. (investing.com)

Economic Factors Influencing the Exchange Rate

Several economic factors have contributed to the observed trends in the NZD/SGD exchange rate:

• Interest Rates: Differences in interest rates between New Zealand and Singapore can influence investor behavior. Higher interest rates in New Zealand relative to Singapore may attract investors seeking better returns, potentially strengthening the NZD. Conversely, if Singapore offers higher rates, the SGD may appreciate.

• Economic Performance: Indicators such as GDP growth, employment rates, and trade balances affect currency strength. Strong economic performance in New Zealand can bolster the NZD, while robust performance in Singapore can enhance the SGD.

• Commodity Prices: New Zealand's economy is heavily reliant on commodity exports, particularly dairy products. Fluctuations in global commodity prices can impact the NZD's value.

• Global Economic Conditions: External factors, including global economic stability and geopolitical events, can influence investor confidence and currency valuations.

Forecasts and Future Outlook

Forecasts for the NZD/SGD exchange rate in 2025 suggest a gradual appreciation of the NZD against the SGD. Projections indicate an average rate of 0.7798 SGD per NZD by the end of 2025, with values expected to range between 0.7782 and 0.7813. (midforex.com)

However, other analyses predict a potential decline in the NZD/SGD rate over the next five years, with the exchange rate possibly reaching 0.6679 SGD per NZD, representing a decrease of approximately 13.6% from current levels. (coincodex.com)

Conclusion

The NZD/SGD exchange rate has experienced significant fluctuations over the past several months, influenced by a combination of technical indicators and economic factors. While some forecasts suggest a gradual appreciation of the NZD against the SGD in the near term, others predict a potential decline over the longer term. Investors and businesses engaged in transactions involving these currencies should closely monitor economic developments and market indicators to make informed decisions.