Exchange Rate Calculator

The exchange rate between the South African Rand (ZAR) and the New Zealand Dollar (NZD) has exhibited relative stability over the past few months, with minor fluctuations influenced by various economic factors. This report provides an analysis of the recent trends, underlying economic indicators, and future projections for the ZAR/NZD currency pair.

Recent Exchange Rate Trends

As of May 3, 2025, the ZAR/NZD exchange rate stands at approximately 0.0957, indicating that one South African Rand is equivalent to 0.0957 New Zealand Dollars. Over the past year, the exchange rate has experienced a modest increase of about 8.87%.

In the first quarter of 2025, the exchange rate has remained relatively stable, fluctuating within a narrow range. For instance, on January 3, 2025, the rate was 0.0950, and by March 10, 2025, it had slightly increased to 0.0954.

Economic Factors Influencing the Exchange Rate

Several economic factors have contributed to the observed stability in the ZAR/NZD exchange rate:

1. Interest Rate Differentials: Both South Africa and New Zealand have maintained relatively stable interest rates, minimizing the interest rate differential that often influences currency movements.

2. Trade Balances: The trade relationship between South Africa and New Zealand has remained consistent, with no significant changes in trade balances that could impact the exchange rate.

3. Economic Performance: Both countries have experienced steady economic growth, with no major economic shocks or policy changes affecting investor confidence in either currency.

Future Projections

Forecasts suggest that the ZAR/NZD exchange rate will continue to exhibit stability in the near future. Projections for May 2025 indicate an average rate of 0.0954, with a minimum of 0.0949 and a maximum of 0.0959. Looking further ahead, the rate is expected to gradually increase, reaching an average of 0.0969 by November 2026.

Conclusion

The ZAR/NZD exchange rate has demonstrated relative stability over the past few months, with minor fluctuations influenced by economic factors such as interest rate differentials, trade balances, and overall economic performance. Future projections indicate a continuation of this trend, with a gradual appreciation of the Rand against the New Zealand Dollar. Investors and businesses engaged in transactions involving these currencies can expect a stable exchange rate environment in the near to medium term.