Cook Islands - NZ Dollar - Currency Guide


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


USD/NZD 90-day view

USDNZD at 1.4189 is 4.3% below its 90-DAY average, range 1.413-1.5282.
1-DAY0.6% (2d)90-DAY-LOW (1d)
Recent USD to NZD 90-day trend

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

National Australia Bank (NAB) have revised upwards their NZ dollar forecasts now expecting the NZD/USD rate at US73c by June 2022, up from their previous forecast of US71c. For 2020, it sees the NZD at US68c by year-end, up from a predicted US66c.

Get more details in the article New Zealand Dollar Forecasts.

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

US Dollar to NZ Dollar - Historical Rates

27 Nov 2020
0.3% ▼1 Week
04 Nov 2020
4.9% ▼30 Days
05 Sep 2020
4.6% ▼90 Days
05 Dec 2019
7.1% ▼1 Year
06 Dec 2015
4.3% ▼5 Years
07 Dec 2010
8.1% ▲10 Years

USD/NZD 10 year historic rates & change to 04-Dec-2020 : 1.4189


U$10,000 USD
NZ$14,189 NZD

Converted at USD/NZD interbank rate, compare Send Money and Currency Exchange exchange rates.

US Dollar to NZ Dollar - Quick Conversions

U$ 1 NZ$ 1.4189
U$ 5 NZ$ 7.0945
U$ 10 NZ$ 14.19
U$ 20 NZ$ 28.38
U$ 50 NZ$ 70.95
U$ 100 NZ$ 141.89
U$ 250 NZ$ 354.73
U$ 500 NZ$ 709.45
U$ 1,000 NZ$ 1,419
U$ 2,000 NZ$ 2,838
U$ 5,000 NZ$ 7,095
U$ 10,000 NZ$ 14,189
U$ 50,000 NZ$ 70,945
U$ 100,000 NZ$ 141,890
More amounts
U$ 0.7047 NZ$ 1
U$ 3.5235 NZ$ 5
U$ 7.0470 NZ$ 10
U$ 14.09 NZ$ 20
U$ 35.24 NZ$ 50
U$ 70.47 NZ$ 100
U$ 176.18 NZ$ 250
U$ 352.35 NZ$ 500
U$ 704.70 NZ$ 1,000
U$ 1,409 NZ$ 2,000
U$ 3,524 NZ$ 5,000
U$ 7,047 NZ$ 10,000
U$ 35,235 NZ$ 50,000
U$ 70,470 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.


Send Money to the Cook Islands - Best Rates

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 exchange rate for foreign transfers also called International Money Transfers (IMTs), which can be very different to the wholesale rate and also to currency exchange rates.

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 in the below table.

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 the above 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!

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