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NZD to PHP 2026 Forecasts

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

 

The NZD to PHP exchange rate exhibits a bearish bias currently.

Key drivers include:

  • The Reserve Bank of New Zealand (RBNZ) is expected to cut interest rates, possibly lowering the Official Cash Rate to 1.75% by mid-2026. This creates a widening interest rate gap between New Zealand and the Philippines.
  • The Philippine peso recently reached a record low, influenced by expectations of further monetary easing. However, the Bangko Sentral ng Pilipinas indicated potential stabilization following a rate cut.
  • New Zealand is facing growth challenges; forecasts suggest a weakening NZD amid deteriorating local economic conditions.

The NZD is expected to trade in a stable range relative to the current price, with slight fluctuations over the next few months.

An upside risk could be unexpected global economic recovery, boosting demand for the NZD. Conversely, a downside risk might arise from continued monetary easing in both New Zealand and the Philippines, potentially exerting additional downward pressure on the NZD against the PHP.

NZD-PHP Rate Calculator

 
   
   
   
   
 
   
 
 

NZD to PHP Market Data

New Zealand dollar (NZD) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell NZD   →   Buy PHP
1 NZD =
33.97We compare provider deals to this wholesale mid-market rate. Read more
PHP
1d0.0%⬦
 
NZD to PHP at 33.99 is just 0.8% above its 3-month average of 33.71, having traded in a quite stable 4.2% range from 32.99 to 34.36
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  1 PHP = 0.029441 NZD

Compare & Save - New Zealand dollar to Philippine peso

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare New Zealand dollar (NZD) to Philippine peso (PHP) rates from different sources before making a conversion.

Use our NZD to PHP 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 Peso currency rates and the possible savings of using various providers.

 
 

Will the New Zealand dollar rise against the Philippine peso?

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 Philippine peso current value is to look the NZD/PHP historic rate and change over a range of periods.

The following table looks at the change in the NZD to PHP exchange rate over periods from the previous week back to the last 10 years.

DateNZD/PHPChangePeriod
26 Dec 2025
34.27
0.9% ▼2 Week
11 Oct 2025
33.37
1.8% ▲3 Month
09 Jan 2025
32.66
4% ▲1 Year
10 Jan 2021
34.71
2.2% ▼5 Year
12 Jan 2016
30.97
9.7% ▲10 Year
14 Jan 2006
36.46
6.9% ▼20 Year
NZD/PHP historic rates & change to 09-Jan-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/PHP 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