NZD/JPY: what to know
The NZD/JPY rate shows how much JPY you get for 1 NZD. Right now, 1 NZD buys 89.2722 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.0112 NZD.
In the short term NZD is driven mainly by soft-commodity prices and risk appetite, while JPY responds to Bank of Japan policy and global risk appetite.
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. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the NZD/JPY rate has ranged between 85.4496 and 95.1490 — a change of +2.02% 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.