minor pair · NZD/JPY
New Zealand Dollar to Japanese Yen: the daily ECB reference rate, a historical chart, pair specification and what drives each currency.
89.205
+0.178 (+0.20%)
1 NZD = 89.205 JPY · 1 JPY = 0.01121 NZD · previous 89.027 on 3 Nov 2026
NZD/JPY ECB reference rate, 4 Nov 2025 to 4 Nov 2026: from 86.900 to 89.200 (up 2.65%). High 95.180 on 30 Jul 2026, low 86.050 on 7 Nov 2025.
256 daily observations · 4 Nov 2025 – 4 Nov 2026
Latest rate within the 12-month range
The latest rate sits at 35% of the 12-month low-to-high range.
Calculated from daily ECB reference rates — closing-type snapshots, not intraday highs and lows.
Understanding the pair
In NZD/JPY the New Zealand Dollar is the base currency and the Japanese Yen is the quote currency. The rate tells you how many JPY one NZD buys, so a rising NZD/JPY means the New Zealand Dollar is strengthening against the Japanese Yen.
NZD/JPY is a minor (cross) pair: it combines two major currencies without the US dollar, so its rate is effectively the product of two dollar pairs and spreads are typically a little wider than the majors. In practice its price moves with NZD/USD and USD/JPY (or their inverses).
Prices are quoted to 3 decimal places here. One pip is 0.01, so on a standard lot of 100,000 NZD a one-pip move is worth 1,000 JPY — use the pip calculator to convert that into your account currency.
Liquidity in NZD/JPY is usually deepest when both home markets are open — the Sydney (07:00–16:00 Sydney time) and Tokyo (09:00–18:00 Tokyo time) sessions. See live session times on the market hours clock.
The 'kiwi' reflects an export economy built on dairy and agriculture. Wellington is the first major centre to open each trading week, so NZD liquidity is thin early on Monday (Asia-Pacific time).
Central bank: Reserve Bank of New Zealand
Decades of very low Japanese interest rates made the yen a common funding currency in carry trades, and it often strengthens when global risk appetite falls. JPY pairs are quoted to two or three decimals, so a pip is 0.01.
Central bank: Bank of Japan
NZD/JPY shows how many Japanese Yen (JPY) one New Zealand Dollar (NZD) buys. NZD is the base currency and JPY is the quote currency. If the rate rises, the New Zealand Dollar has strengthened against the Japanese Yen.
No. It is derived from the euro foreign exchange reference rates published by the European Central Bank once per working day around 16:00 CET. It is useful for reference, budgeting and calculator inputs, but it is not an executable trading quote — a broker's bid and ask will differ.
By convention one pip in NZD/JPY is 0.01 because the pair is quoted in JPY. On a standard lot of 100,000 NZD, a one-pip move is worth 1,000 JPY. Brokers may quote an extra decimal (a pipette).
Liquidity is typically deepest when both home markets are open: the Sydney (07:00–16:00 Sydney time) and Tokyo (09:00–18:00 Tokyo time) sessions, and especially where they overlap.
Educational information only, not investment advice. Trading leveraged currency products carries a high risk of losing money.