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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 Apr 2026 • 00:58 GMT

NZD/JPY 92.92

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 92.9200 – 94.7900
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

Currently, NZD/JPY is trading close to its 90-day average, supported by risk-off conditions and heightened safe-haven demand. The pair remains near recent highs within a stable range. Near-term conditions suggest the pair could face downward pressure if risk aversion persists, but current levels are relatively firm.

💸 Transfer implications

  • Expats: sending money to Japan may find conditions less favourable than recent levels if the pair weakens further.
  • Travellers: exchanging currency for JPY might see higher costs if the pair declines.
  • Businesses: paying Japan invoices could experience less favourable exchange rates if the pair continues to drift lower.

🧭 Key drivers

  • Rate gap: No significant rate advantage exists between NZD and JPY, with policy outlooks currently aligned.
  • Risk/commodities: Risk-off sentiment and safe-haven flows support JPY, exerting pressure on NZD/JPY.
  • Global factors: Elevated geopolitical risks are maintaining risk aversion, influencing FX movements.

⚠️ What could change it

  • Upside risk: a reduction in global risk fears or improvements in risk appetite could support NZD.
  • Downside risk: escalation in geopolitical tensions or increased safe-haven demand could deepen the pair’s decline.

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 =
93.79We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d+0.2%▲
NZD to JPY at 93.89 is 1.3% above its 3-month average of 92.73, having traded in a quite stable 4.6% range from 90.63 to 94.79
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  1 JPY = 0.010662 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
02 Apr 2026
91.18
2.9% ▲2 Week
16 Jan 2026
91.00
3.1% ▲3 Month
16 Apr 2025
84.21
11.4% ▲1 Year
17 Apr 2021
77.71
20.8% ▲5 Year
18 Apr 2016
75.71
24% ▲10 Year
21 Apr 2006
73.98
26.9% ▲20 Year
NZD/JPY historic rates & change to 16-Apr-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