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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

02 May 2026 • 01:09 GMT

NZD/JPY 92.63

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 92.6300 – 94.7900
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

Currently, NZD/JPY is trading close to the 3-month average within a narrow range, holding near 92.63. It is supported by risk-off sentiment which favours safe-haven currencies like JPY. Over the next few sessions, the pair may face downward pressure if risk aversion persists, potentially limiting near-term gains.

💸 Transfer implications

  • Expats: sending money to Japan may find conditions slightly less favourable for converting NZD to JPY.
  • Travellers: buying JPY may encounter limited support or a risk of further weakening.
  • Businesses: paying JPY invoices in NZD could experience less advantageous exchange rates.

🧭 Key drivers

  • Rate gap: The rate differential remains uncertain, with the pair trading near its recent high and no clear yield advantage for NZD.
  • Risk/commodities: Risk-off flows support the JPY, while NZD remains pressured by risk-sensitive sentiment amidst geopolitical tensions.
  • Global factors: Safe-haven demand driven by geopolitical tensions continues to support the Japanese Yen.

⚠️ What could change it

  • Upside risk: A return to risk appetite could support a strengthening of NZD relative to JPY.
  • Downside risk: Escalating geopolitical tensions or global risk-off scenarios could pressure NZD further.

BER suggests comparing FX providers to help reduce overall transfer costs, especially in less favourable conditions.

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 =
93.49We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d0.0%⬦
NZD to JPY is at 7-day highs near 93.15, just above its 3-month average, having traded in a quite stable 4.3% range from 90.87 to 94.79
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  1 JPY = 0.010697 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
24 Apr 2026
93.69
0.5% ▼2 Week
07 Feb 2026
94.56
1.4% ▼3 Month
08 May 2025
86.13
8.2% ▲1 Year
09 May 2021
79.22
17.6% ▲5 Year
10 May 2016
73.97
26% ▲10 Year
13 May 2006
69.11
34.8% ▲20 Year
NZD/JPY historic rates & change to 08-May-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