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NZD to JPY Rates - 2026 Forecast

Analysis of recent kiwi → yen forecasts for 2026. We collate forecasts from respected FX analysts together with the latest New Zealand dollar to Japanese yen performance and trends.

 

NZD/JPY Outlook:

The NZD/JPY is likely to increase as the rate is currently trading above its recent average and near recent highs. The recent positive shifts in global dairy prices support this outlook.

Key drivers:

  • Rate gap: The Reserve Bank of New Zealand maintains a hawkish stance to counter rising inflation, which creates a favorable gap over the Bank of Japan’s relatively lower rate environment.
  • Risk/commodities: The recent surge in global oil prices, significantly above the average, raises import costs for Japan, which can weaken the yen further.
  • One macro factor: New Zealand's trade deficit could affect the NZD, although positive trends in dairy prices may offset this impact.

Range:

Expect the NZD/JPY to hold within its recent trading range, with potential fluctuations as market conditions evolve.

What could change it:

  • Upside risk: A larger-than-expected increase in global dairy prices could strengthen the NZD further.
  • Downside risk: A return to economic instability or negative news from New Zealand could pressure the NZD lower.

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 =
92.30We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d0.0%⬦
 
NZD to JPY at 92.61 is 1.4% above its 3-month average of 91.34, having traded in a fairly volatile 8.1% range from 87.70 to 94.79
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  1 JPY = 0.010834 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 Feb 2026
94.86
2.3% ▼2 Week
24 Nov 2025
88.06
5.2% ▲3 Month
22 Feb 2025
85.62
8.2% ▲1 Year
23 Feb 2021
77.26
19.9% ▲5 Year
25 Feb 2016
75.79
22.2% ▲10 Year
27 Feb 2006
76.62
20.9% ▲20 Year
NZD/JPY historic rates & change to 22-Feb-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