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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

23 May 2026 • 01:00 GMT

NZD/JPY 93.15

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 92.5520 – 94.2000
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

Currently, NZD/JPY is trading close to its 3-month average, holding near recent highs within a stable range. The dominant driver remains risk sentiment, which is pressured by geopolitical tensions and US Treasury volatility. Over the next few sessions, it may face downside pressure if risk-off conditions persist, supporting safe-haven currencies like the JPY.

💸 Transfer implications

  • Expats: sending money to Japan may find NZD less favourable than recent levels if the pair weakens further.
  • Travellers: exchanging for JPY could face slightly less support in the near term.
  • Businesses: paying overseas JPY invoices with NZD may see conditions become less favourable for conversions.

🧭 Key drivers

  • Rate gap: The NZD remains supported by a narrower yield differential with the JPY, but policy divergence remains uncertain.
  • Risk/commodities: The risk-off atmosphere supports the JPY and pressures the NZD.
  • Global factors: Ongoing geopolitical and US Treasury concerns continue to drive safe-haven flows into JPY.

⚠️ What could change it

  • Upside risk: A surprise easing in risk-off sentiment or resolution of geopolitical tensions could support NZD gains.
  • Downside risk: Escalating risk aversion or broader global financial stress could strengthen JPY further.

BER suggests comparing FX providers to help offset the less favourable exchange environment.

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 =
95.36We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d+0.6%▲
90dHighs◓
NZD to JPY is at 90-day highs near 94.69, 1.8% above its 3-month average of 93, having traded in a quite stable 4.2% range from 90.87 to 94.69
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  1 JPY = 0.010487 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
15 May 2026
92.91
2% ▲2 Week
28 Feb 2026
93.57
1.3% ▲3 Month
29 May 2025
85.92
10.3% ▲1 Year
30 May 2021
79.60
19.1% ▲5 Year
31 May 2016
75.06
26.3% ▲10 Year
03 Jun 2006
70.48
34.5% ▲20 Year
NZD/JPY historic rates & change to 29-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