cancel-circle Switch
Alerts

Cook Islands - NZ Dollar - Currency Guide

 

Foreign exchange guide to the Cook Islands and the NZ Dollar (NZD)

   

General Currency Info - NZ Dollar

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. Further to the other seven majors – the US dollar, euro, yen, pound, Australian dollar, Canadian dollar and Swiss franc – the New Zealand dollar also falls behind the Mexican peso, the Chinese yuan and the Swedish krona in its share of the foreign exchange market (around 2%). The currencies of China and Mexico are not considered majors due to their emerging market status, while the krona’s market share has only exceeded that of the New Zealand dollar fairly recently (in 2016, according to the Bank for International Settlements) and is therefore 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.

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.

   

NZD News, Forecasts and Trends

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The threat of proxy war between the US and Iran in Iraq also pared back some of the gains the Kiwi had made coming into the New Year.

In December the New Zealand dollar has climbed back to US$0.66 it's highest value since July.

Against the Australian dollar, jumped to A$0.96 after being as low as A$0.92 in early November before starting a strong recovery upto current levels above A$0.95.

Robbing New Zealand's currency of better gains in 2019 have been reduced risk appetite spurred on by an escalation in the US-China trade standoff, and high correlations with other weak currencies, including the Australian dollar and yuan.

For more NZD currency market forecasts you can read the full article NZ Dollar Forecasts. The below interactive chart shows the USD to NZD exchange rate, trend and recent alerts for the last 90 days.

   
Recent USD to NZD 90-day trend
 
ALERT:4-DAY1.6% |
USD/NZD at 1.612 was trading 1.8% below AVG:1.6422 with LO:1.5525 and HI:1.7626 (90 days). ALERT: USD/NZD is DOWN 1.6% this 4-DAY period.

US Dollar to NZ Dollar - Historical Rates

USD/NZDPeriod to 29-MayDateRate
1.7% ▼1 Week22 May 20201.6395
1% ▼30 Days29 Apr 20201.6287
0.7% ▲90 Days29 Feb 20201.6003
4.8% ▲1 Year30 May 20191.5376
14.3% ▲5 Years31 May 20151.4101
9% ▲10 Years01 Jun 20101.4791
USD/NZD 10 year rates & changes to 29-May-2020 (1.6117)

US Dollar to NZ Dollar - Quick Conversions

USD NZD
U$ 1 NZ$ 1.6120
U$ 5 NZ$ 8.0600
U$ 10 NZ$ 16.12
U$ 20 NZ$ 32.24
U$ 50 NZ$ 80.60
U$ 100 NZ$ 161.20
U$ 250 NZ$ 403.00
U$ 500 NZ$ 806.00
U$ 1,000 NZ$ 1,612
U$ 2,000 NZ$ 3,224
U$ 5,000 NZ$ 8,060
U$ 10,000 NZ$ 16,120
U$ 50,000 NZ$ 80,600
U$ 100,000 NZ$ 161,200
More amounts
USD NZD
U$ 0.6203 NZ$ 1
U$ 3.1015 NZ$ 5
U$ 6.2030 NZ$ 10
U$ 12.41 NZ$ 20
U$ 31.02 NZ$ 50
U$ 62.03 NZ$ 100
U$ 155.08 NZ$ 250
U$ 310.15 NZ$ 500
U$ 620.30 NZ$ 1,000
U$ 1,241 NZ$ 2,000
U$ 3,102 NZ$ 5,000
U$ 6,203 NZ$ 10,000
U$ 31,015 NZ$ 50,000
U$ 62,030 NZ$ 100,000
More amounts

Frequently Asked Questions

 

What currency should I use in the Cook Islands?

The domestic currency in the Cook Islands is the NZ Dollar.

What is the NZ Dollar currency code and symbol?

The three letter currency code for the NZ Dollar is NZD — symbol is NZ$.

Which countries use the NZ Dollar?

It is the domestic currency in    New Zealand,   Cook Islands,   Niue,   Pitcairn and Tokelau.

Is the NZ Dollar a closed currency?

No, the NZ Dollar is freely available and convertible. See guide: What is a closed currency?

 

Travel, Currency and Money saving tips for the Cook Islands

Travel money for the Cook Islands

Save money and time by Ordering your NZ Dollars 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 NZ Dollars otherwise you may get much worst exchange rates.

 
 

USD to NZD - Travel Money & Cards

Provider Amount NZD(NZ$) Exchange RateFee USDDeal Links
NZ$1,595.88
1%
Best Overall
1.6039U$5.00
U.S. Bank Foreign Cash
U.S. Bank logo
NZ$1,508.9
6.4%
NZ$87 less
1.50890
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
NZ$1,494
7.33%
NZ$102 less
1.508915
Wells Fargo Bank logo
NZ$1,478.72
8.27%
NZ$117 less
1.5089U$20
Travelex Online logo
NZ$1,438.2
10.78%
NZ$158 less
1.43820^
 
loading
TransferWise: Travel Money USD→NZD
From Amount (USD)U$1,000
Fee:U$5.00 USD (0.5% + U$1)
Exchange Rate:1.6039 (-0.5% from mid-rate)
To Amount (NZD) NZ$1,595.88
Total Cost:1%
Time:23:29 Local
Currency Services:Multi-currency debit card with linked foreign bank accounts
Delivery/Collect:5-7 days
Rating:
 
: 4.6/5.0
Reviews:
 
U.S. Bank logo
loading
U.S. Bank: Travel Money USD→NZD
From Amount (USD)U$1,000
Fee:0
Exchange Rate:1.5089 (-6.4% from mid-rate)
To Amount (NZD) NZ$1,508.9
Total Cost:6.4%
Time:23:29 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
loading
Travel Money USD→NZD
From Amount (USD)U$1,000
Fee:15
Exchange Rate:1.4105 (-12.5% from mid-rate)
To Amount (NZD) NZ$1,494
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 
Wells Fargo Bank logo
loading
Wells Fargo Bank: Travel Money USD→NZD
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:1.5089 (-6.4% from mid-rate)
To Amount (NZD) NZ$1,478.72
Total Cost:8.27%
Time:23:29 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
loading
Travelex Online: Travel Money USD→NZD
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:1.4382 (-10.78% from mid-rate)
To Amount (NZD) NZ$1,438.2
Total Cost:10.78%
Time:
Rate Fetched: Fri May 29 2020 23:15:03 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
loading
Snapshot 05/29/2020 - View live rates

Sending money to the Cook Islands

When searching around for information on how to get a good exchange rate when sending money to the Cook Islands you need to start with finding out the latest NZ Dollar foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).


Get a better deal for foreign transfers to the Cook Islands

When sending money to the Cook Islands 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 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or NZ 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 the Cook Islands.

Use our Send to NZ Dollars calculator to compare the exchange 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 NZ Dollars deposited into the recipient bank account and less margins and fees kept by the banks!

 

USD to NZD International Money Transfers

Foreign Transfer Provider Receive NZD(NZ$) Exchange RateFee USDDeal Links
OFX logo
NZ$1,599.1
0.8%
Best Overall
1.59910^
XE logo
NZ$1,587.8
1.5%
NZ$11 less
1.58780
HSBC logo
NZ$1,542.88
4.29%
NZ$56 less
1.5452U$1.50
U.S. Bank International Money Transfers
U.S. Bank logo
NZ$1,538.8
4.54%
NZ$60 less
1.53880
Bank of America International Money Transfers
Bank of America logo
NZ$1,515.72
5.97%
NZ$83 less
1.5388U$15
Wells Fargo Bank logo
NZ$1,515.77
5.97%
NZ$83 less
1.5467U$20
Banks - Average Rate
U.S. Bank logo Bank of America logo HSBC logo Wells Fargo Bank logo
NZ$1,528
5.19%
NZ$71 less
1.542415
 
loading
OFX: Foreign Transfer USD→NZD
From Amount (USD)U$1,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.5991 (0.8% from mid-rate)
To Amount (NZD) NZ$1,599.1
Total Cost:0.8%
Time:
Rate Fetched: 23:29 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
loading
XE: Foreign Transfer USD→NZD
From Amount (USD)U$1,000
Fee:
Exchange Rate:1.5878 (1.5% from mid-rate)
To Amount (NZD) NZ$1,587.8
Total Cost:1.5%
Difference:
NZ$11 NZD less than using OFX
Time:23:29 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
HSBC logo
loading
HSBC: Foreign Transfer USD→NZD
From Amount (USD)U$1,000
Fee:U$1.50 USD (.15%)
Exchange Rate:1.5452 (4.14% from mid-rate)
To Amount (NZD) NZ$1,542.88
Total Cost:4.29%
Difference:
NZ$56 NZD less than using OFX
Time:23:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
loading
U.S. Bank: Foreign Transfer USD→NZD
From Amount (USD)U$1,000
Fee:0
Exchange Rate:1.5388 (4.54% from mid-rate)
To Amount (NZD) NZ$1,538.8
Total Cost:4.54%
Difference:
NZ$60 NZD less than using OFX
Time:23:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Bank of America logo
loading
Bank of America: Foreign Transfer USD→NZD
From Amount (USD)U$1,000
Fee:U$15 USD (Minimum fee)
Exchange Rate:1.5388 (4.54% from mid-rate)
To Amount (NZD) NZ$1,515.72
Total Cost:5.97%
Difference:
NZ$83 NZD less than using OFX
Time:23:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Wells Fargo Bank logo
loading
Wells Fargo Bank: Foreign Transfer USD→NZD
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:1.5467 (4.05% from mid-rate)
To Amount (NZD) NZ$1,515.77
Total Cost:5.97%
Difference:
NZ$83 NZD less than using OFX
Time:23:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
loading
Foreign Transfer USD→NZD
From Amount (USD)U$1,000
Fee:15
Exchange Rate:1.5357 (4.73% from mid-rate)
To Amount (NZD) NZ$1,528
Total Cost:5.19%
Difference:
NZ$71 NZD less than using OFX
Transfer Speed:
Services:
 
loading
Snapshot 05/29/2020 - View live rates

Country/Currency Guides - A to Z


A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
Y
Z