Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER

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 exchange rate between the New Zealand dollar (NZD) and the Japanese yen (JPY) stands at 86.17, which is currently 1.2% below its three-month average of 87.2. Recent fluctuations have remained within a stable range of 85.55 to 88.88, reflecting ongoing uncertainties in both economies.

The NZD has struggled to maintain upward momentum despite some improvement in global risk appetite. Analysts attribute this weakness to ongoing concerns regarding New Zealand's economic performance, which have been exacerbated by a surprise 50 basis point rate cut by the Reserve Bank of New Zealand (RBNZ) to a three-year low of 2.5%. This decision, made to stimulate the economy amid sluggish growth and high living costs, has contributed to downward pressure on the NZD. Furthermore, ongoing monetary easing by the RBNZ and the negative impact of U.S. tariffs on New Zealand exports continue to dampen the kiwi's appeal.

On the Japanese side, the yen has faced its own challenges following recent political changes, particularly the election of Sanae Takaichi as leader of Japan's ruling party. The markets reacted negatively to this news, leading the JPY to weaken significantly. Analysts have noted that expectations of increased fiscal stimulus under Takaichi's leadership have raised concerns about the Bank of Japan's (BOJ) monetary policy direction, indicating a reduced likelihood of imminent rate hikes. This sentiment has left investors reassessing their positions on the yen, which has recently reached an eight-month low against the U.S. dollar.

Additionally, movements in the oil market may also influence the JPY, as global oil prices have been volatile. Currently, oil is trading at 61.29 USD, approximately 8.5% below its three-month average, which could have downstream impacts on the yen given Japan's reliance on energy imports.

Overall, the outlook for the NZD/JPY exchange rate remains cautious. Analysts stress that while external factors such as global risk sentiment and commodity prices are pivotal, domestic economic policies and performance will play a critical role in shaping future trends in this currency pair.

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 =
87.82We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d0.0%
NZD to JPY is at 7-day highs near 87.22, near its 3-month average, having traded in a very stable 3.9% range from 85.55 to 88.88
|
Tracker

Manage Tracker   


  1 JPY = 0.011386 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
09 Oct 2025
88.02
0.8% 2 Week
25 Jul 2025
88.82
1.7% 3 Month
23 Oct 2024
91.75
4.9% 1 Year
24 Oct 2020
70.09
24.6% 5 Year
26 Oct 2015
82.07
6.4% 10 Year
28 Oct 2005
81.41
7.2% 20 Year
NZD/JPY historic rates & change to 23-Oct-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.

 
Track Rate
 

Manage Tracker   

 

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