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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

11 Jul 2026 • 01:08 GMT

NZD/JPY 93.17

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 93.1700 – 95.4000
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🟢 Uptrend

Currently, NZD/JPY is trading close to its 3-month average, with downward pressure evident from recent price action. The pair is supported by risk-off sentiment and safe-haven flows, but the dominant driver from structured analysis suggests a weaker near-term bias. Over the next few sessions, conditions may remain supportive of a softer New Zealand Dollar against the Yen, especially if risk aversion persists.

💸 Transfer implications

  • Expats: sending money to Japan may find their NZD buys fewer Yen if the pair declines further.
  • Travellers: exchanging NZD for Yen could see less favourable rates if the pair continues to weaken.
  • Businesses: paying invoices in Yen might face higher costs if the pair's downward bias persists.

🧭 Key drivers

  • Rate gap: The NZD remains supported by a hawkish RBNZ stance, but the Yen stays under pressure amid intervention risks and safe-haven demand.
  • Risk/commodities: Elevated risk-off sentiment and geopolitical tensions boost safe-haven currencies like Yen, adding pressure on risk-sensitive FX.
  • Global factors: Overall risk-off environment favors safe-haven Yen, supported by high safe-haven demand globally.

⚠️ What could change it

  • Upside risk: Signs of stabilization in global risk appetite could support the NZD, potentially easing the downward bias.
  • Downside risk: A deepening of risk-off conditions or escalation in geopolitical tensions could push the pair lower.

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 =
94.79We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d+0.9%▲
NZD to JPY is at 30-day highs near 94.29, 1.2% above its 3-month average of 93.16, having traded in a quite stable 4.6% range from 91.22 to 95.40
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  1 JPY = 0.010549 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
01 Jul 2026
92.23
2.2% ▲2 Week
16 Apr 2026
93.70
0.6% ▲3 Month
15 Jul 2025
88.59
6.4% ▲1 Year
16 Jul 2021
77.04
22.3% ▲5 Year
17 Jul 2016
74.59
26.3% ▲10 Year
20 Jul 2006
72.75
29.5% ▲20 Year
NZD/JPY historic rates & change to 15-Jul-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