JPY/NZD: what to know
The JPY/NZD rate shows how much NZD you get for 1 JPY. Right now, 1 JPY buys 0.0112 NZD at the mid-market rate. In the other direction, 1 NZD is worth 89.2722 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while NZD responds to soft-commodity prices and risk appetite.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
Over the past 12 months the JPY/NZD rate has ranged between 0.0105 and 0.0117 — a change of -1.98% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.