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NZD to JPY 2025 Forecasts

Analysis of recent kiwi → yen forecasts for 2025. We collate forecasts from respected FX analysts together with the latest New Zealand dollar to Japanese yen performance and trends.

 

The New Zealand dollar (NZD) has recently shown strength, buoyed by a favorable market sentiment and a risk-on approach among traders. Currently trading at 88.82 JPY, the NZD is 2.2% above its 3-month average of 86.91, reflecting a relatively stable trading range of 5.3% over the past months, between 84.43 and 88.88. The NZD's performance is expected to remain closely tied to global risk appetite, which suggests that a bullish tone could persist if risk sentiment continues to thrive.

In contrast, the Japanese yen (JPY) is traditionally viewed as a safe-haven asset, gaining traction amid global economic uncertainties and geopolitical tensions. With Japan’s ongoing trade challenges, compounded by tariffs imposed by the US, the yen has shown fluctuations as traders seek security in times of instability. The yen’s value is particularly sensitive to shifts in US dollar strength, with current forecasts by MUFG Research suggesting a decline in the USD/JPY exchange rate from a projected 154.00 in Q1 2025 to 148.00 by Q4 2025.

The trade dynamics involving the NZD also suggest potential vulnerabilities. Political developments, particularly changes in US administration leading to stricter tariffs on key commodities, could dampen demand and affect the NZD negatively. Moreover, correlations between the NZD and other commodity currencies, like the Australian dollar (AUD), imply that shifts in global commodity prices will impact the NZD.

Furthermore, fluctuations in oil prices significantly influence the JPY due to Japan’s reliance on imported energy. Currently, oil is trading at 68.44 USD, 1.5% above its 3-month average. The volatility seen, with prices ranging from 60.14 to 78.85, could affect Japan's trade balance and thereby the yen’s strength.

In summary, while the NZD remains supported by an optimistic market outlook, factors including potential tariff risks and commodity price movements present challenges. Concurrently, the yen's safe-haven appeal and responses to global economic shifts will continue to shape the NZD/JPY exchange rate in the coming months.

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 =
87.37We compare provider deals to this wholesale mid-market rate. Read more
JPY
+0.8%
NZD to JPY at 88.77 is 1.9% above its 3-month average of 87.13, having traded in a quite stable 4.6% range from 84.94 to 88.88
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  1 JPY = 0.011445 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
18 Jul 2025
88.74
0.1% 2 Week
03 May 2025
86.24
2.7% 3 Month
01 Aug 2024
88.57
0% 1 Year
02 Aug 2020
70.24
26.2% 5 Year
04 Aug 2015
81.27
9% 10 Year
06 Aug 2005
77.26
14.7% 20 Year
NZD/JPY historic rates & change to 01-Aug-2025

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