After soaring to 49th in the wake of their unbeaten campaign at the World Cup in June, the All Whites have been in a steady decline, although they are still ranked considerably higher than the 79th at the start of 2010.
They sit one place behind Cuba, who soared a massive 32 spots last month.
World champions Spain remain at No 1, leading a European top three for the first time in 18 months.
The Netherlands, who were beaten by Spain in July's World Cup final, are second ahead of Germany.
Brazil slipped to fourth following their loss to Argentina last month and a disappointing World Cup, losing to the Dutch in the quarterfinals. Argentina and England stay fifth and six, respectively.
Egypt lead the African nations and climbed one place to No 9, while the United States tops the CONCACAF region, rising six places to No 18.
Australia dropped six places to No 26 but still lead the Asian confederation.
