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    Currency in New Zealand

    A practical currency and money guide to travel, living and doing business in New Zealand and the New Zealand dollar (NZD).


    What currency is used in New Zealand?

    The official currency of New Zealand (country code: NZ) is the New Zealand dollar, with symbol NZ$ and currency code NZD.

    Things to know about the New Zealand 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.

    The New Zealand dollar banknotes and coins

    The physical currency consists of coins and banknotes. The coins come in denominations of 10 cents, 20 cents, 50 cents, $1, and $2. The banknotes come in denominations of $5, $10, $20, $50, and $100.

    The banknotes feature images of famous New Zealand historical figures, such as Sir Edmond Hillary, Sir Apirana Ngata, and Kate Sheppard. The design of the currency is constantly being updated, so the physical appearance of the coins and banknotes may vary slightly over time.

    An example New Zealand dollar banknote


    Travel Ideas and Money Tips for New Zealand

    Describe New Zealand for travelers and expats

    New Zealand is an island nation located in the southwestern Pacific Ocean. The country is sparsely populated, with most of its population concentrated in the North Island. New Zealand is renowned for its natural beauty, with its stunning landscapes, lush vegetation, and diverse wildlife. The country is also home to a number of Maori and Polynesian cultures, which add to its unique character.

    New Zealand is a popular destination for travelers and expats alike, due to its stunning scenery and friendly people. The country offers a wide range of activities and attractions, from hiking and skiing in the mountains, to exploring the many beaches and forests. New Zealand is also a great place to learn about Maori and Polynesian cultures, and to experience some of the best food and wine in the world.

    Best things to do and see in New Zealand

    Some of the best things to do and see in New Zealand include hiking or biking through pristine forests, exploring an active volcano, visiting one of the world’s longest running farmers markets, or sampling some of the country’s fine wines. New Zealand is also home to some of the best beaches in the world, containing some of the most beautiful coastline.

    Top Travel tips for New Zealand

    1. Arrive in Auckland and take the Sky Bus to your accommodation. This is the easiest and most cost-effective way to get from the airport into the city.

    2. Purchase a Hop card for public transport. This will give you access to all of Auckland's buses, trains and ferries.

    3. Purchase a New Zealand SIM card upon arrival so you can have data for maps and translations.

    4. Rent a car and explore Auckland's surroundings. Be sure to drive on the left side of the road!

    5. Take a ferry to Waiheke Island for a day of wine tasting and beach relaxation.

    6. Head south to Rotorua to experience Maori culture and try some traditional foods.

    7. Rent a bike and ride through Hobbiton, the movie set used in Lord of the Rings and The Hobbit films.

    8. South Island is a must-see, and home to some of New Zealand's most iconic scenery. Take a scenic drive or hike through Milford Sound or Wanaka.

    9. Finish your trip with a few days in Queenstown, the adventure capital of the world. Try your hand at bungee jumping, skydiving, or whitewater rafting.

    Is it safe in New Zealand?

    There is no definitive answer, as each person's level of safety tolerance is different. New Zealand generally has low crime rates and is considered a safe place to travel, but as with any country, travelers should be vigilant and aware of their surroundings.



    Expat Money & Business Guide to New Zealand

    Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.

    By following these tips and managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in New Zealand.

    Is New Zealand a cheap place to live?

    The cost of living in New Zealand can vary depending on the location and lifestyle of the individual, however, it is generally considered to be relatively expensive compared to some other countries.

    It is worth noting that the cost of living in New Zealand can vary depending on the region and lifestyle you choose to live. Some smaller towns and rural areas might have more affordable cost of living than the big cities.

    The cost of housing, particularly in larger cities such as Auckland and Wellington, can be high.

    Food and transportation costs are also relatively high, although prices for some goods and services such as clothing and electronics may be lower than in other developed countries.

    Additionally, wages in New Zealand tend to be lower than in some other developed countries, which can make it more difficult for some people to afford the cost of living.

    What is the cost of living in New Zealand?

    The cost of living in New Zealand varies depending on which city you live in, but overall it is relatively expensive. The most expensive city in New Zealand is Auckland, followed by Wellington and Christchurch.

    How is the expat life in New Zealand?

    Expat life in New Zealand is very good. The people are friendly and welcoming, and there are many opportunities to meet other expats. There is a strong expat community in New Zealand, and many events and activities are organized specifically for expats.

    Any laws in New Zealand that foreigners should be aware of?

    There are several laws in New Zealand that foreigners should be aware of. These laws include the Immigration Act 2009, the Customs and Excise Act 1996, and the Biosecurity Act 1993.

    What is doing business like in New Zealand?

    The business environment in New Zealand is generally quite good. The country ranks highly in the World Bank's "ease of doing business" rankings, and there is a strong culture of entrepreneurship and innovation. However, there are some challenges that businesses may face, such as a relatively high cost of living and a small domestic market.

    How is the economy in New Zealand?

    The economy in New Zealand is growing at a steady pace, with low unemployment and inflation. However, there are concerns about the high level of household debt and the housing market.

    Managing your finances in New Zealand

    Here we list some key points for expats and businesses to consider when managing financial dealings in New Zealand:

    1. Understand New Zealand dollar currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the NZD exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.

    2. Use a local New Zealand dollar bank account: A local NZD bank account can make it easier for you to manage your finances and pay bills while you are in New Zealand. It may also be more convenient to use a local NZD bank account to make purchases and withdraw cash.

    3. Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in New Zealand. This can help you avoid legal issues and ensure that you are complying with local requirements.

    4. Consider the tax implications: It is important to understand the tax implications of living or doing business in New Zealand. This can help you plan your finances and ensure that you are paying the correct amount of tax.

    5. Seek financial advice: If you are unsure of how to manage your finances in New Zealand, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.


    NZD/USD – Market Data

    The exchange rate of New Zealand dollar (NZD), or the amount of NZD that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest NZD/USD rate plus recent trend, chart, forecasts and historic rates.

    1 NZD = 0.6208 USD
    Sell NZD  →  Buy USD
    NZD to USD at 0.6207 is 1.4% below its 3-month average of 0.6298, having fluctuated within a 6.7% range of 0.6100-0.6506
      1 USD = 1.6109 NZD
    NZDUSD :

    The New Zealand dollar weakened 20 percent in 2022 versus the US dollar as a result of the risk-off trade encouraged by the Ukraine situation and a hawkish Federal Reserve.

    The Kiwi dollar has been left behind as investors head for safer assets.

    NZD/USD and AUD/USD are correlated and often move in the same direction due to their geographical proximity and their dependence on commodity markets.

    15 Mar 2023
    1% 2 Week
    29 Dec 2022
    1.9% 3 Month
    29 Mar 2022
    10.4% 1 Year
    30 Mar 2018
    14.1% 5 Year
    31 Mar 2013
    25.6% 10 Year
    03 Apr 2003
    13.7% 20 Year
    NZD/USD historic rates & change to 29-Mar-2023


    Compare New Zealand dollar Exchange Rates & Fees

    The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make an International Money Transfer to New Zealand or planning a trip or maybe living there, so will need to exchange and spend New Zealand dollar.

    Loading comparison rates...

    ProviderAmountsRateTotal Cost

    It is important to note that the exchange rate of the New Zealand dollar can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect NZD exchange rates before making any financial decisions.


    The New Zealand dollar is also the domestic currency in 4 other countries.





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