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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

28 Mar 2026 • 00:58 GMT

NZD/JPY 92.05

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 88.6610 – 92.0500
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

Currently, NZD/JPY is trading near 60-day lows at about 92.05, below its 3-month average. The dominant driver from structured analysis is risk-off sentiment, supported by market volatility and global fiscal worries. Over the next few sessions, this risk aversion may keep the pair under downward pressure, holding within its recent range and showing limited near-term movement.

💸 Transfer implications

  • Expats: sending money to Japan may find FX rates less favourable than recent levels.
  • Travellers: exchanging Japanese Yen (JPY) may face higher costs if the pair continues to decline.
  • Businesses: paying overseas JPY invoices with NZD could see less favourable exchange conditions in the near term.

🧭 Key drivers

  • Rate gap: The NZD/JYP rate gap is narrowing as safe-haven demand supports JPY, reflecting a risk-off environment.
  • Risk/commodities: Elevated market volatility and fiscal tensions underscore the safe-haven appeal of JPY.
  • Global factors: Widespread risk-off sentiment remains the strongest influence on the pair’s recent move lower.

⚠️ What could change it

  • Upside risk: A shift to risk-on tone or easing of fiscal concerns could trigger a rebound in NZD/JPY.
  • Downside risk: Further escalation in global risk factors or market turbulence may deepen JPY strength.

BER suggests shopping around for the lowest margin provider may help reduce overall transfer costs, especially in a less favourable exchange environment.

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.

 
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1 NZD =
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JPY
1d0.0%⬦
NZD to JPY is at 60-day lows near 92.05, just below 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 = 0.010857 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
13 Mar 2026
92.28
0.2% ▼2 Week
27 Dec 2025
91.40
0.8% ▲3 Month
27 Mar 2025
86.53
6.4% ▲1 Year
28 Mar 2021
76.78
20% ▲5 Year
29 Mar 2016
77.42
19% ▲10 Year
01 Apr 2006
72.20
27.6% ▲20 Year
NZD/JPY historic rates & change to 27-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