5 Year BKBM Swap Rate: Current & Historical
The 5 year BKBM swap rate is the annual fixed rate exchanged for 3-month BKBM over the next 5 years. Check the current rate, its one-year chart and daily history, with downloads straight to Excel.
NZD · 5Y · BKBM
52-wk range
2.93% – 4.21%
Last update:
Recent daily closes
| Date | Rate | Daily change |
|---|---|---|
| Live | – | |
| 27 Jul 2026 | 4.06% | -10 bp |
| 24 Jul 2026 | 4.15% | +11 bp |
| 23 Jul 2026 | 4.05% | +3 bp |
| 22 Jul 2026 | 4.02% | +2 bp |
| 21 Jul 2026 | 4.00% | -3 bp |
| 20 Jul 2026 | 4.03% | +6 bp |
| 17 Jul 2026 | 3.97% | +1 bp |
| 16 Jul 2026 | 3.97% | -5 bp |
| 15 Jul 2026 | 4.01% | -2 bp |
| 14 Jul 2026 | 4.03% | +11 bp |
Rates built from interdealer broker and exchange quotes. Read how we build these rates.
This is yesterday's close
See the live 5 year BKBM swap rate
- Live mids, refreshed every minute
- Full 5 year daily history to Excel
- Every BKBM tenor, 3 months to 30 years
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Live 5 year BKBM 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
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FAQs
The 5 year BKBM swap rate is the annual fixed interest rate that market participants exchange for 3-month BKBM over the next 5 years. It is set in the interdealer swap market and moves continuously with expectations for Reserve Bank of New Zealand policy.
The rate shown on this page is the previous New Zealand business day's close; the live rate is available in the BlueGamma app.
Three common reasons:
- Timing: this page shows the previous New Zealand business day's mid-market close, while banks quote off the live curve, which moves through the day.
- Spread: the mid-market rate is the raw interbank level. A bank's quote adds a credit and execution charge, and on a loan a lending margin on top.
- Conventions: a quote using a different payment frequency or day count will differ slightly from the annual/annual rate shown here.
If you are comparing a quote against the market, compare it with the live mid rate at the time of the quote.
Lenders fund fixed-rate products by hedging with interest rate swaps of the matching term, so fixed deals around the 5 year point are priced off the 5 year BKBM swap rate plus a lender margin.
When the swap rate rises, new fixed rates at that term typically follow within days or weeks; when it falls, fixed deals tend to get cheaper.
This page shows the last 12 months of daily closes, the 52-week range and dated lookbacks.
The BlueGamma app carries the full daily history for every BKBM tenor, alongside 20+ other currencies, with downloads straight to Excel.
BlueGamma takes quotes directly from leading inter-dealer brokers and exchanges, bootstraps them into ready-to-use curves, and validates the output for consistency on a regular basis.
The rates shown on this page are the previous New Zealand business day’s close. Live rates, refreshed every minute, are available in the BlueGamma app with a free trial.
More on BKBM
NZD Swap Rates for All Tenors
The full rates table: every liquid BKBM tenor with one-week, one-month and one-year history.
BKBM Forward Curve
Where the market prices BKBM going next: the full NZD forward curve.
NZIONA Forward Curve
The overnight alternative: where the market prices NZIONA going next.
More from BlueGamma
Or browse the full swap rate catalogue, covering all 86 rates across 33 currencies.