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NZD to JPY Rates - 2026 Forecast

Analysis of recent kiwi → yen forecasts for 2026. We collate forecasts from respected FX analysts together with the latest New Zealand dollar to Japanese yen performance and trends.

 

NZD/JPY Outlook:

The NZD/JPY pair is likely to increase as it trades above its 90-day average and is near recent highs, supported by improving New Zealand business confidence forecasts.

Key drivers:

• Rate gap: The Reserve Bank of New Zealand is maintaining low rates, while the Bank of Japan's recent hikes are making the JPY less attractive.

• Risk/commodities: With recent oil prices at 90-day highs, the NZD benefits as higher global commodity prices can support New Zealand's export income.

• One macro factor: Improving business confidence in New Zealand is expected to strengthen the NZD in the short term.

Range:

The NZD/JPY is likely to test recent highs after trading in a stable range.

What could change it:

• Upside risk: A significant increase in global commodity prices could further enhance NZD strength.

• Downside risk: A sudden drop in New Zealand's export prices, particularly in dairy, could weaken the NZD.

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 =
93.61We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d−0.3%▼
 
NZD to JPY at 93.26 is 1.7% above its 3-month average of 91.67, having traded in a relatively stable 6.5% range from 89.04 to 94.79
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  1 JPY = 0.010683 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
16 Feb 2026
92.62
1.1% ▲2 Week
02 Dec 2025
89.43
4.7% ▲3 Month
02 Mar 2025
84.51
10.8% ▲1 Year
03 Mar 2021
77.39
21% ▲5 Year
04 Mar 2016
77.58
20.7% ▲10 Year
07 Mar 2006
76.42
22.5% ▲20 Year
NZD/JPY historic rates & change to 02-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