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Currency outlook NZD/JPY

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

18 Jul 2026 • 00:58 GMT

NZD/JPY 94.92

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 93.7310 – 95.4000
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

Currently, NZD/JPY is trading close to recent 30-day highs near 94.92, supported by risk-off sentiment driven by US dollar strength. Over the next few sessions, the pair may remain supported but is likely to face downward pressure amid widespread caution and stable rate differentials.

💸 Transfer implications

  • Expats: sending money to Japan may be less favourable than recent levels if the pair declines.
  • Travellers: buying Japanese Yen (JPY) foreign cash could face slight cost increases if recent upside diminishes.
  • Businesses: paying Japanese Yen invoices with NZD might become marginally less advantageous if the pair weakens further.

🧭 Key drivers

  • Rate gap: No change in Bank of Japan policy or notable shifts in New Zealand interest rate differentials.
  • Risk/commodities: The US dollar-based risk-off sentiment and geopolitical tensions bolster safe-haven JPY.
  • Global factors: The dominant driver remains risk sentiment, influencing safe-haven flows into JPY amid global uncertainty.

⚠️ What could change it

  • Upside risk: A sudden easing of risk-off conditions or positive global developments could boost NZD/JPY.
  • Downside risk: Widening safe-haven flows or increased geopolitical tensions may put further pressure on the pair.

Shopping around for lower margins 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 =
94.81We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d+0.2%▲
NZD to JPY is at 30-day highs near 95.09, 1.9% above its 3-month average of 93.28, having traded in a quite stable 4.6% range from 91.22 to 95.40
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  1 JPY = 0.010547 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
08 Jul 2026
92.89
2.3% ▲2 Week
23 Apr 2026
93.51
1.7% ▲3 Month
22 Jul 2025
88.03
8% ▲1 Year
23 Jul 2021
77.08
23.3% ▲5 Year
24 Jul 2016
74.36
27.9% ▲10 Year
27 Jul 2006
71.80
32.4% ▲20 Year
NZD/JPY historic rates & change to 22-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