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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

21 Mar 2026 • 00:50 GMT

NZD/JPY 92.98

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 90.9060 – 92.9800
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🔴 Downtrend

Currently, NZD/JPY is trading close to its 3-month average and within its recent range. The pair remains supported by a risk-off environment, with both currencies reflecting caution. Over the next few sessions, the pair may face pressure if risk sentiment remains subdued, which could limit recent gains.

💸 Transfer implications

  • Expats: sending money to Japan may find NZD less favourable than recent levels if the pair weakens further.
  • Travellers: exchanging NZD for JPY might see less advantageous rates if the pair declines.
  • Businesses: paying JPY invoices in NZD could experience higher costs if the trend persists.

🧭 Key drivers

  • Rate gap: The yield and policy differences favor the Japanese Yen, with risk-off conditions supporting safe-haven flows.
  • Risk/commodities: Market sentiment remains cautious, driven by geopolitical tensions and a cautious risk environment.
  • Global factors: Global risk aversion continues to strengthen safe-haven currencies like JPY.

⚠️ What could change it

  • Upside risk: A shift towards risk appetite could support NZD, pushing the pair higher.
  • Downside risk: Escalation of global tensions or a sharp risk-off move may pressure NZD further.

Finding providers with lower margins can help offset less favourable exchange 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 =
92.31We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d−0.1%▼
NZD to JPY is at 7-day lows near 92.53, near its 3-month average, having traded in a quite stable 5.0% range from 90.24 to 94.79
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  1 JPY = 0.010833 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
12 Mar 2026
93.21
0.7% ▼2 Week
26 Dec 2025
91.39
1.3% ▲3 Month
26 Mar 2025
86.04
7.6% ▲1 Year
27 Mar 2021
76.80
20.5% ▲5 Year
28 Mar 2016
76.27
21.4% ▲10 Year
31 Mar 2006
72.23
28.2% ▲20 Year
NZD/JPY historic rates & change to 26-Mar-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