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 | Yesterday07 Sept 2026 | 1 week ago28 Aug 2026 | 1 month ago07 Aug 2026 | 1 year ago05 Sept 2025 |
|---|---|---|---|---|---|
| 3 Month | 3.06% | 3.05% | 2.94% | 3.01% | |
| 2 Year | 3.73% | 3.70% | 3.67% | 2.90% | |
| 3 Year | 3.88% | 3.84% | 3.81% | 3.04% | |
| 4 Year | 4.00% | 3.96% | 3.93% | 3.20% | |
| 5 Year | 4.10% | 4.06% | 4.03% | 3.34% | |
| 7 Year | 4.28% | 4.24% | 4.20% | 3.60% | |
| 10 Year | 4.49% | 4.45% | 4.41% | 3.91% | |
| 15 Year | 4.74% | 4.72% | 4.66% | 4.21% | |
| 20 Year | 4.90% | 4.87% | 4.80% | 4.38% | |
| 30 Year | 5.04% | 5.01% | 4.94% | 4.56% | |
Rates built from interdealer broker and exchange quotes. Read how we build these rates.
Unlock the live curve
See today's live BKBM rates & the full forward curve
- Live intraday mids for every tenor
- Full forward curve for your model
- Excel Add-in & API access
- Price swaps, caps & get MtM
No card needed, cancels automatically
“We stopped chasing the bank for a mid. BlueGamma is our curve of record now.”
Spot is today. Deals price off the forward curve.
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.
Get the full forward curveLive 3M BKBM rates in Excel & API
If you're on this page more than once a month, you don't need a rate, you need a feed. One function, always-live curves, straight in your model.
// 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
trusted by
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.
More from BlueGamma
Or browse the full swap rate catalogue, covering all 86 rates across 33 currencies.