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Best NZD to INR Exchange Rate


There are two main numbers that you need to understand if you are to have any chance of getting the best possible NZD to INR rate, these are the foreign exchange market rate and the transaction margin you will be charged by your bank or foreign exchange provider.


1 New Zealand Dollar equals
Indian Rupee 1=


Right now the NZD to INR rate is but will most likely be quite different by the time you make you currency exchange. You can calculate with the current mid-rate using our NZD to INR calculator below.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.



Why can't I just get the same NZD/INR market rate I see on Google or in the Media?

When you look up the current New Zealand Dollar to Indian Rupee exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is is commonly referred to as the mid-market rate.

NZD to INR mid-rate on google

NZD to INR mid-rate on google search

Getting a great mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This mid-market rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is!

You can use the below NZD to INR converter to calculate currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific New Zealand Dollar cross rates and reviews of leading foreign exchange providers versus the Banks.

NZD to INR calculator

$
1 NZD equals
INR 1NZD=INR

Loading NZD/INR Chart

New Zealand Dollar - Recent Performance

On October 19th, NZD tumbled in value following the news that New Zealand would be led by a Labour government for the first time in nine years, with Jacinda Ardern at the helm.

All had hung on the New Zealand First party’s decision of who to support (the Nationals or Labour) in a coalition following an inconclusive outcome to September’s general election.

After NZ First sided with Labour, NZD fell to a five-month low against USD of 0.697, and to eighteen-month and twenty-month lows against AUD and EUR of 0.889 and 0.589 respectively.

Investors typically dislike political change if deemed unnecessary and so October’s news didn’t sit well.

Furthermore, due to its policies, the mere involvement of NZ First in any coalition displeases investors. The party campaigns on restricting immigration and foreign investment and would like to alter the mandate of the RBNZ to focus less on inflation and more on foreign exchange markets. With that said, New Zealand's currency might have been more resolute had Labour won power via an elected majority.

After the surprising election outcome, it’s unlikely that ABN Amro will be sticking to its forecast for NZD/USD to rise to 0.82 in 2018. The bank predicted as much in September, citing “strong conviction” on future USD weakness, future commodity price rises and potential RBNZ rate hikes as its reasons.

Indian Rupee - Recent Performance

The rupee had a difficult September, ending the month at 65.44 per dollar, which meant that it had given back 40% of the 2017 gains it once held over USD (the rupee had been as strong as 63.53 per dollar on August 3rd).

The rupee had been one of the stars of the early part of the year, strengthening 6% against the dollar between January and April. However, between May and August, seasonal factors and a drop in market volatility meant that USD/INR spent much of the June-August period drifting sideways along the 64.0 handle.

While we could blame Donald Trump for the rupee’s September nosedive (Trump reignited the US reflation trade with September’s proposed corporate tax cuts) the reality is that the rupee remains weak by recent standards against many of the majors, especially the Canadian dollar, euro and British pound.

In September, AUD/INR once again tested 52.0, and once again was repelled. This resistance level is one of the strongest in FX and a break above it could see the rupee enter a long-term decline against the Australian dollar.

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