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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

27 Jun 2026 • 00:56 GMT

NZD/JPY 91.33

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 89.2800 – 91.3300
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend:

Currently, NZD/JPY is trading near the recent lows within its 3-month range, with a bias towards weakening due to risk-off conditions. The pair remains supported by safe-haven flows but is pressured by overall risk sentiment and the rate differential. Near-term conditions suggest the pair could find limited support and may continue to drift lower over the next few sessions.

💸 Transfer implications

  • Expats: sending money to Japan may face less favourable exchange rates if the pair declines further.
  • Travellers: buying Japanese Yen (JPY) could encounter higher costs when converting NZD.
  • Businesses: paying overseas invoices in JPY may find their costs increasing if the NZD weakens.

🧭 Key drivers

  • Rate gap: The rate gap favors the Yen, with the JPY supported by monetary policy divergence and low yields in New Zealand.
  • Risk/commodities: Market caution and safe-haven flows are dominant, with JPY finding safe-haven demand.
  • Global factors: Rising implied volatility underlines increasing market caution and risk aversion.

⚠️ What could change it

  • Upside risk: A shift in risk sentiment towards risk-on could support NZD/JPY and help the pair recover.
  • Downside risk: Continued safe-haven flows and further escalation of geopolitical tensions could deepen declines.

Finding providers with lower margins can help reduce total transfer costs.

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 =
91.33We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d−0.1%▼
NZD to JPY at 91.33 is 1.8% below its 3-month average of 93, having traded in a quite stable 5.0% range from 90.87 to 95.40
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  1 JPY = 0.010950 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 Jun 2026
93.44
2.5% ▼2 Week
28 Mar 2026
92.11
1.1% ▼3 Month
26 Jun 2025
87.65
4% ▲1 Year
27 Jun 2021
78.33
16.3% ▲5 Year
28 Jun 2016
72.35
25.9% ▲10 Year
01 Jul 2006
69.66
30.8% ▲20 Year
NZD/JPY historic rates & change to 26-Jun-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