The best NZD to JPY rate is 91.00, and is the current mid-market exchange rate. We help you compare New Zealand dollar to Japanese yen rates and costs to this live market rate.
In this kiwi to yen (NZD/JPY) rate guide:
NZD to JPY 
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.
The below Rate Comparison Table 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.
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New Zealand dollar (NZD) to Japanese yen (JPY) market data - latest interbank mid-rate, trend, chart & historic rates.
| Date | NZD/JPY | Change | Period |
|---|---|---|---|
14 Nov 2023 | 90.35 | 0.1% ▲ | 2 Week |
30 Aug 2023 | 86.98 | 4% ▲ | 3 Month |
28 Nov 2022 | 85.50 | 5.8% ▲ | 1 Year |
29 Nov 2018 | 77.86 | 16.2% ▲ | 5 Year |
30 Nov 2013 | 83.26 | 8.6% ▲ | 10 Year |
03 Dec 2003 | 70.24 | 28.8% ▲ | 20 Year |
The NZD/JPY exchange rate has seen a subtle rise, reaching 90.41, which positions it 2.4% above the three-month average of 88.31. This level of stability, within a relatively narrow 5.6% band ranging from 86.39 to 91.19, suggests a consistent performance for the New Zealand Dollar against the Japanese Yen. The outlook for the New Zealand Dollar moving into 2024 remains cautiously optimistic, as noted by FX analysts. The optimism is fueled by expectations of a decline in the USD, which may provide a tailwind for the NZD starting from the second quarter of 2024, provided that the Federal Reserve eases its policy. However, the Reserve Bank of New Zealand's (RBNZ) movements are pivotal, with predictions of a potential rate cut in the summer of 2024. Should there be a shift in the RBNZ's remit to focus on stricter inflation targeting, it could lead to a scenario of higher for longer rates, subsequently benefiting the NZD. Investors should keep a careful watch on economic risks tied to persistent inflation, the potential for recession, and the volatility in dairy product prices, as they can influence the currency's performance.
Read our full NZD to JPY forecasts analysis
There are several ways to save on exchange rates when converting New Zealand dollar to Japanese yen:
Generally speaking, if you are buying Japanese yen with New Zealand dollar, then it's better for the NZD/JPY exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
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 BER Smart Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.
Read our Currency guide to Japan - a practical currency and money guide to travel, living and doing business in Japan with the Japanese yen.
| New Zealand (NZD) | Japan (JPY) |
The cost of living in Japan can vary depending on location, lifestyle, and individual needs. However, generally speaking, Japan is known to be one of the more expensive countries in the world, especially in terms of accommodation and transportation.
Accommodation costs, particularly in the big cities such as Tokyo and Osaka, can be quite high. Rent for apartments can be very expensive, and purchasing a home can be out of reach for many.
Read more at our Japan (JPY) country guide
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
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