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Foreign Exchange Guide to Niue

Latest market mid-rate: 1.0 =

Country Code:
NU
Domestic Currency:
New Zealand dollar
Symbol - Code:
$ NZD
Telephone Prefix:
+683

In this guide we review :

  1. New Zealand dollar info - general info about the New Zealand dollar
  2. New Zealand dollar in the markets - recent NZD moves and predictions from the FX markets
  3. Buying New Zealand dollar cash online - travel money for Niue
  4. Sending money to Niue - save on New Zealand dollar bank transfers to Niue
  5. New Zealand dollar exchange rates - latest info & charts.

New Zealand dollar (NZD) general currency information

The three letter currency code for the New Zealand dollar is NZD and the symbol is $. It is the domestic currency in New Zealand, Cook Islands, Niue, Pitcairn and Tokelau.

The New Zealand dollar is informally called the ‘kiwi’ by foreign exchange traders and analysts due to the kiwi bird, which is native to New Zealand, being something of a national symbol for the country. The kiwi bird is also depicted on New Zealand’s one-dollar coin.

Although the New Zealand dollar is considered one of the eight FX ‘majors’, it is actually only the world’s eleventh most traded currency. Apart from the other seven majors – the US dollar, euro, yen, pound, Australian dollar, Canadian dollar and Swiss franc – the New Zealand dollar’s share of the foreign exchange market (around 2%) also falls behind that of the Mexican peso, the Chinese yuan and the Swedish krona. The currencies of China and Mexico are not considered majors due to their emerging market status, while the krona’s share of the market has only exceeded that of the New Zealand dollar fairly recently (in 2016, according to the Bank for International Settlements) and so is not yet considered ahead of New Zealand’s currency.

In the past two decades, the New Zealand dollar’s lowest value against the US dollar occurred in October 2000 when the NZD/USD exchange rate traded at just 0.3901. The currency’s two-decade high occurred in August 2011 when NZD/USD reached 0.8842, although it could be said that this high valuation was achieved twice, because in July 2014 the exchange rate reached 0.8836, just several pips shy of that achieved in 2011.

Among the majors, the New Zealand dollar is considered a riskier currency, which means that its value will fall against the larger majors (especially JPY, USD, CHF, GBP and EUR) during periods of economic uncertainty or when global geopolitical risk is elevated, or during bouts of high market volatility.


New Zealand dollar (NZD) in the markets

In mid-February, against the US dollar, the New Zealand dollar has once again met significant resistance at 0.744. The kiwi rallied strongly throughout late 2017 and again in January but has now failed at this level for the third time in five months. When last seen, NZD/USD had been pushed back to the high 0.73s.

In recent months, the New Zealand dollar has been stronger than the Australian dollar, with NZD/AUD climbing 5.5% between late October and mid-February to a six-month high of 0.935.

Monetary policy expectations and commodities prices will be important drivers of the New Zealand dollar this year. In February, New Zealand's interest rate was left on hold and the Reserve Bank of New Zealand once again signalled that no increase was forthcoming (none before the middle of 2019). Commodities prices greatly effect the Australian dollar, which in turns pulls on the kiwi.

Forecasts: At the turn of the year, ABN Amro predicted that the New Zealand dollar would end 2018 buying 0.675 US Dollars and 0.9 Australian dollars.

The chart below shows the NZD to USD exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.

Loading NZD/USD Chart
NZD calculator

Niue Trip Checklist   

  1. Compare NZD travel cash rates - probably why you are here!
  2. Hotel deals - Save on your accomodation in Niue
  3. Travel insurance - for those unexpected travel adventures...
  4. Lonely Planet - world's best travel guide (coupon and deals)

Travel money for Niue

Save money and time by Ordering your New Zealand dollar online from Travelex, you get better rates and can pick up the NZD cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in New Zealand dollar otherwise you may get much worst exchange rates.

Travel Money for Niue

Compare $NZD Cash rates


Sending money to Niue

When sending money to Niue it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 3 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or New Zealand dollar amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted NZD amount will be transfered to the recipient account you specify in Niue.

Bank Transfers to Niue

Compare $NZD Transfer Rates

By comparing the rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more New Zealand dollar deposited into the recipient bank account in Niue and less margins and fees kept by the banks!


New Zealand dollar - exchange rates

Major NZD cross rates
View Full List (A-Z)
1NZD=

New Zealand dollar News

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