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 | 2 days ago23 Jul 2026 | 1 week ago15 Jul 2026 | 1 month ago22 Jun 2026 | 1 year ago22 Jul 2025 |
|---|---|---|---|---|---|
| 3M | 2.90% | 2.86% | 2.71% | 3.22% | |
| 2 Year | 3.71% | 3.65% | 3.38% | 3.13% | |
| 3 Year | 3.84% | 3.80% | 3.51% | 3.25% | |
| 4 Year | 3.95% | 3.92% | 3.62% | 3.40% | |
| 5 Year | 4.05% | 4.01% | 3.71% | 3.53% | |
| 7 Year | 4.21% | 4.17% | 3.88% | 3.79% | |
| 10 Year | 4.41% | 4.36% | 4.09% | 4.07% | |
| 15 Year | 4.65% | 4.60% | 4.34% | 4.35% | |
| 20 Year | 4.80% | 4.75% | 4.50% | 4.51% | |
| 30 Year | 4.94% | 4.91% | 4.65% | 4.68% | |
Rates built from interdealer broker and exchange quotes. Read how we build these rates.
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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 | 2.50000% |
| RBNZ Official Cash Rate | 2.50000% |
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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