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NZD to JPY Forecasts – New Zealand dollar to Japanese yen

Latest NZD to JPY forecasts including bank predictions, key market drivers and recent trends for NZD/JPY. See where analysts expect the pair to move and the factors likely to influence it.

 

NZD to JPY Forecast & Outlook

In the near term, NZD/JPY is trading close to recent highs and holding near its 90-day average. The pair is currently supported by risk-off sentiment and geopolitical tension. Conditions may remain sensitive to shifts in global risk appetite, possibly limiting upside moves.

Transfer implications

  • Expats: sending JPY may find conversions less favourable if the pair begins to weaken.
  • Travellers: buying Japanese Yen cash might see prices decline if the pair's downward trend continues.
  • Businesses: paying overseas invoices in JPY may face less advantageous rates if the pair declines further.

Key drivers

  • Rate gap: BoJ remains cautious with minimal rate movement, limiting support for Yen.
  • Risk/commodities: Geopolitical tensions and risk aversion support safe-haven currencies, pressuring risk-sensitive FX.
  • Global factors: Elevated geopolitical risks from the Middle East heighten safe-haven flows, sustaining risk-off conditions.

What could change it

  • Upside risk: A reduction in geopolitical tensions or improved risk sentiment could bolster NZD/JPY.
  • Downside risk: Further geopolitical escalation or stronger risk-off flows might pressure the pair lower.

BER suggests shopping around for the lowest margin provider may help reduce overall transfer costs.

NZD-JPY Rate Calculator

 
   
   
   
   
 
   
 
 

NZD to JPY Market Data

New Zealand dollar (NZD) to Japanese yen (JPY) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell NZD   →   Buy JPY
1 NZD =
93.85We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d+0.1%▲
 
NZD to JPY at 93.78 is 1.9% above its 3-month average of 92.06, having traded in a quite stable 5.8% range from 89.60 to 94.79
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  1 JPY = 0.010655 NZD

Compare & Save - New Zealand dollar to Japanese yen

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare New Zealand dollar (NZD) to Japanese yen (JPY) rates from different sources before making a conversion.

Use our NZD to JPY calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Kiwi to Yen currency rates and the possible savings of using various providers.

 
 

Will the New Zealand dollar rise against the Japanese yen?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the New Zealand dollar vs Japanese yen current value is to look the NZD/JPY historic rate and change over a range of periods.

The following table looks at the change in the NZD to JPY exchange rate over periods from the previous week back to the last 10 years.

DateNZD/JPYChangePeriod
26 Feb 2026
93.20
0.7% ▲2 Week
12 Dec 2025
90.40
3.8% ▲3 Month
12 Mar 2025
85.08
10.3% ▲1 Year
13 Mar 2021
78.23
20% ▲5 Year
14 Mar 2016
75.88
23.7% ▲10 Year
17 Mar 2006
73.52
27.7% ▲20 Year
NZD/JPY historic rates & change to 12-Mar-2026

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add NZD/JPY to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more