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Best NZD to JPY Exchange Rate


There are two main numbers that you need to understand if you are to have any chance of getting the best possible NZD to JPY rate, these are the foreign exchange market rate and the transaction margin you will be charged by your bank or foreign exchange provider.


1 New Zealand Dollar equals
Japanese Yen 1=


Right now the NZD to JPY rate is but will most likely be quite different by the time you make you currency exchange. You can calculate with the current mid-rate using our NZD to JPY calculator below.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.



Why can't I just get the same NZD/JPY market rate I see on Google or in the Media?

When you look up the current New Zealand Dollar to Japanese Yen exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is is commonly referred to as the mid-market rate.

NZD to JPY mid-rate on google

NZD to JPY mid-rate on google search

Getting a great mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This mid-market rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is!

You can use the below NZD to JPY converter to calculate currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific New Zealand Dollar cross rates and reviews of leading foreign exchange providers versus the Banks.

NZD to JPY calculator

$
¥
1 NZD equals
JPY 1NZD=JPY

Loading NZD/JPY Chart

New Zealand Dollar - Recent Performance

On October 19th, NZD tumbled in value following the news that New Zealand would be led by a Labour government for the first time in nine years, with Jacinda Ardern at the helm.

All had hung on the New Zealand First party’s decision of who to support (the Nationals or Labour) in a coalition following an inconclusive outcome to September’s general election.

After NZ First sided with Labour, NZD fell to a five-month low against USD of 0.697, and to eighteen-month and twenty-month lows against AUD and EUR of 0.889 and 0.589 respectively.

Investors typically dislike political change if deemed unnecessary and so October’s news didn’t sit well.

Furthermore, due to its policies, the mere involvement of NZ First in any coalition displeases investors. The party campaigns on restricting immigration and foreign investment and would like to alter the mandate of the RBNZ to focus less on inflation and more on foreign exchange markets. With that said, New Zealand's currency might have been more resolute had Labour won power via an elected majority.

After the surprising election outcome, it’s unlikely that ABN Amro will be sticking to its forecast for NZD/USD to rise to 0.82 in 2018. The bank predicted as much in September, citing “strong conviction” on future USD weakness, future commodity price rises and potential RBNZ rate hikes as its reasons.

Japanese Yen - Recent Performance

In the fourth week of October, one dollar was buying 114 yen. USD/JPY had risen to a 3-month high (yen low) and towards the top of its recent range following Shinzo Abe’s re-election as Japanese Prime Minister. Under “Abenomics,” the Bank of Japan will likely continue with negative interest rates and massive amounts of quantitative easing. For much of the February-October period, USD/JPY traded in a large sideways channel spanning 108 and 114.5-115.

Following Abe’s election victory, EUR/JPY rose above 134 and was within striking distance of September’s high of 134.4 – a breach of which would take the yen to its weakest level against the euro in nearly two years. SGD/JPY also rose to an eighteen-month high of 83.7.

In the six weeks prior to this report, the yen had been the weakest of all G10 currencies, having lost 6% of its value since trading at 107.3 per USD on September 8th. Further to Abe’s re-election, a general reduction in risk aversion had weighed on the currency.

In September, analysts at Citi Bank, ANZ and Societe Generale predicted that the yen would weaken in the fourth quarter. The banks said that Donald Trump’s proposed tax cuts would reignite the US reflation narrative and encourage carry trades generally, which involve borrowing yen at low interest rates and exchanging them for higher-yielding currencies or assets. The banks declined from giving precise yen targets.

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