Exchange Rate Calculator

The exchange rate between the South African Rand (ZAR) and the New Zealand Dollar (NZD) has exhibited notable fluctuations over the past few months. This report provides an analysis of the recent trends, technical indicators, and potential factors influencing the ZAR/NZD currency pair.

Recent Exchange Rate Trends

As of July 3, 2025, the ZAR/NZD exchange rate stands at approximately 0.0929. (poundsterlinglive.com) Over the past month, the pair has experienced a high of 0.09397 on June 23, 2025, and a low of 0.09154 on June 18, 2025. (poundsterlinglive.com) This indicates a relatively stable range with minor fluctuations.

Looking at a broader timeframe, the exchange rate reached its highest point in the past 52 weeks at 0.0978 on December 12, 2024, and its lowest at 0.08818 on July 2, 2024. (poundsterlinglive.com) These figures suggest that while there have been periods of volatility, the exchange rate has remained within a specific range over the past year.

Technical Analysis

Technical indicators provide insights into the potential future movements of the ZAR/NZD exchange rate.

Moving Averages:

The Simple Moving Averages (SMA) and Exponential Moving Averages (EMA) over various periods indicate a bullish trend:

• SMA:

  • 5 Days: 0.0955
  • 10 Days: 0.0951
  • 20 Days: 0.0952
  • 50 Days: 0.0951
  • 100 Days: 0.0951
  • 200 Days: 0.0939

• EMA:

  • 5 Days: 0.0955
  • 10 Days: 0.0953
  • 20 Days: 0.0952
  • 50 Days: 0.0951
  • 100 Days: 0.0949
  • 200 Days: 0.0941

These averages suggest a consistent upward trend in the exchange rate over the analyzed periods. (fintel.io)

Relative Strength Index (RSI):

The RSI is currently at 53.50. (fintel.io) An RSI value between 30 and 70 typically indicates a neutral market, suggesting that the ZAR/NZD pair is neither overbought nor oversold at this time.

Factors Influencing the Exchange Rate

Several factors can influence the ZAR/NZD exchange rate:

1. Economic Indicators:

   • South Africa: Economic performance, including GDP growth, inflation rates, and employment figures, can impact the Rand's strength.
   • New Zealand: Similarly, New Zealand's economic health, reflected in its GDP, trade balances, and agricultural exports, affects the NZD.

2. Monetary Policies:

   • Decisions by the South African Reserve Bank and the Reserve Bank of New Zealand regarding interest rates and monetary policies can lead to fluctuations in the exchange rate.

3. Global Commodity Prices:

   • South Africa is a significant exporter of minerals and commodities. Changes in global commodity prices can influence the Rand's value.

4. Political Stability:

   • Political events and stability in both countries can affect investor confidence and, consequently, the exchange rate.

Forecast and Outlook

Short-term forecasts suggest a slight bearish trend for the ZAR/NZD pair. Analysts predict a potential decrease from the current rate of 0.0925 to 0.0918, indicating a change of approximately -0.739%. (walletinvestor.com)

However, it's essential to consider that exchange rate forecasts are subject to change based on emerging economic data, geopolitical events, and shifts in market sentiment.

Conclusion

The ZAR/NZD exchange rate has shown relative stability with minor fluctuations over the past few months. Technical indicators point to a bullish trend, but short-term forecasts suggest a slight bearish movement. Investors and traders should monitor economic indicators, monetary policies, and global events that may influence this currency pair.