NZ Swap Rates Today: Current & Historic BKBM Swaps
Current New Zealand wholesale swap rates: Semi-Annual vs 3M BKBM swap rates – daily updates on NZD interest rate swaps.
Last update:
| Tenor | Live | Yesterday22 Oct 2026 | 1 week ago14 Oct 2026 | 1 month ago21 Sept 2026 | 1 year ago21 Oct 2025 |
|---|---|---|---|---|---|
| 3 Month | 3.32% | 3.23% | 3.17% | 2.52% | |
| 2 Year | 4.07% | 4.00% | 4.00% | 2.46% | |
| 3 Year | 4.20% | 4.15% | 4.15% | 2.62% | |
| 4 Year | 4.29% | 4.25% | 4.25% | 2.78% | |
| 5 Year | 4.36% | 4.34% | 4.34% | 2.94% | |
| 7 Year | 4.50% | 4.50% | 4.48% | 3.22% | |
| 10 Year | 4.67% | 4.69% | 4.65% | 3.53% | |
| 15 Year | 4.89% | 4.91% | 4.86% | 3.86% | |
| 20 Year | 5.02% | 5.04% | 5.00% | 4.03% | |
| 30 Year | 5.13% | 5.16% | 5.13% | 4.21% | |
Rates built from interdealer broker and exchange quotes. Read how we build these rates or the full curve bootstrapping methodology.
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Hard-coding today's rate into a multi-year model quietly mis-states your debt service. The forward curve tells you what 3M BKBM is expected to do each year: the number your credit committee actually wants.
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// Excel: live 3M BKBM swap rate in a cell =BlueGamma.SWAP_RATE("3M BKBM", start_date, maturity_date, "1Y") # API: the same rate, one GET away GET api.bluegamma.io/v1/swap_rate ?index=3M BKBM&start_date=2D&maturity_date=5Y x-api-key: your_api_key
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Current BKBM rates
Access the latest BKBM rates.
| Index | Rate |
|---|---|
| OCR | 2.75000% |
| RBNZ Official Cash Rate | 2.75000% |
More on BKBM & NZD Rates
BKBM Forward Curve
Where the market prices BKBM going next: the full NZD forward curve.
NZIONA Forward Curve
Where the market prices NZ overnight rates going next.
SGD Swap Rates
SORA swap rates for Singapore: track the NZD-SGD swap spread with historical data on both pages.
Federal Reserve Interest Rate Forecast
Market-implied path for Fed policy rates, updated daily.
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