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    Currency in Niue NZD - Things to know

    Foreign exchange guide to Niue and the New Zealand dollar


    What currency is used in Niue?

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

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    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 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 Ideas and Money Tips for Niue

    Describe Niue for travelers and expats

    Niue is a remote, beautifully unspoiled island in the South Pacific. The locals are friendly and welcoming, and there is plenty to see and do, including snorkelling, diving, fishing, and hiking. The island has a warm climate, and the scenery is simply stunning.

    Best things to do and see in Niue

    1. Explore the caves at Limu Pools

    2. Swim with the sharks at Avaiki Cave

    3. Take a dip in the hot springs at Matariki Cave

    4. Take a cruise around the island

    5. Visit the Niue National Museum

    6. Go snorkeling or diving at one of the many reefs

    7. Take a hike to one of the island's many waterfalls

    8. Go fishing off the Niuean coast

    9. Stargaze from one of the island's many dark skies locations

    Top Travel tips for Niue

    1. Drink plenty of water and wear sunscreen, even on cloudy days – the sun is very strong in Niue.

    2. Take your time when driving – the roads can be narrow and windy.

    3. Pay attention to tide times when swimming or snorkelling – the currents can be strong.

    4. Bug spray is a must – there are lots of mosquitoes in Niue.

    5. cards are not widely accepted, so make sure you have enough cash.

    Is it safe in Niue?

    Niue is generally a safe place to travel and live. However, like any other country, there is always a risk of crime and violence. visitors should take precautions to protect themselves, such as carrying a whistle or personal alarm, and remaining aware of their surroundings.

    What is the cost of living in Niue?

    There is no definitive answer to this question as the cost of living in Niue can vary greatly depending on a person's individual lifestyle and needs. In general, however, it is safe to say that the cost of living in Niue is relatively low when compared to other Pacific Island nations. This is due in part to the fact that Niue is a relatively small country with a population of only about 1,500 people. Additionally, Niue does not have its own currency and instead uses the New Zealand dollar, which is pegged to the US dollar.


    USD/NZD Market Data

    The below interactive chart displays the USD/NZD change and UP📈 DOWN📉 trends over the past 1 Year.

    1 USD =
    1.6304We compare provider deals to this wholesale mid-market rate. Read more
      1 NZD = 0.6133 USD   (Inverse rate)
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    Frequently Asked Questions

    What currency should I use in Niue?

    The domestic currency in Niue is the New Zealand dollar.

    What is the New Zealand dollar currency code and symbol?

    The three letter currency code for the New Zealand dollar is NZD — symbol is NZ$.

    Which countries use the New Zealand dollar?

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

    Is the New Zealand dollar a closed currency?

    No, the New Zealand dollar is freely available and convertible. See guide: What is a closed currency?

    What are equivalent amounts of USD and NZD?

    Here are some popular conversion amounts for USD to NZD (US dollar to New Zealand dollar)*.

    $ 1 NZ$ 1.6304
    $ 5 NZ$ 8.1520
    $ 10 NZ$ 16.30
    $ 20 NZ$ 32.61
    $ 50 NZ$ 81.52
    $ 100 NZ$ 163.04
    $ 250 NZ$ 407.60
    $ 500 NZ$ 815.20
    $ 1,000 NZ$ 1,630
    $ 2,000 NZ$ 3,261
    $ 5,000 NZ$ 8,152
    $ 10,000 NZ$ 16,304
    $ 20,000 NZ$ 32,608
    $ 50,000 NZ$ 81,520
    $ 100,000 NZ$ 163,040
    $ 0.6133 NZ$ 1
    $ 3.0665 NZ$ 5
    $ 6.1330 NZ$ 10
    $ 12.27 NZ$ 20
    $ 30.67 NZ$ 50
    $ 61.33 NZ$ 100
    $ 153.33 NZ$ 250
    $ 306.65 NZ$ 500
    $ 613.30 NZ$ 1,000
    $ 1,227 NZ$ 2,000
    $ 3,067 NZ$ 5,000
    $ 6,133 NZ$ 10,000
    $ 12,266 NZ$ 20,000
    $ 30,665 NZ$ 50,000
    $ 61,330 NZ$ 100,000

    More amounts

    *Converted at the current USDNZD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

    Send Money to Niue - Best Rates

    To get a good (and fair) exchange rate when sending money to Niue you need to find and compare exchange rates for International Money Transfers (IMTs).

    The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

    You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.

    Get a better deal for foreign transfers 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 4 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.

    Use the above 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 New Zealand dollar deposited into the recipient bank account and less margins and fees kept by the banks!


    Expat Money & Business Guide to Niue

    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 Niue.

    h3>How is the expat life in Niue?

    The expat life in Niue is very relaxed and laid back. There is a small expat community on the island, but it is very welcoming and friendly. There are plenty of activities to keep you busy, but life is definitely slower paced than in other countries. This is a great place to come if you want to escape the hustle and bustle of city life and just relax.

    Any laws in Niue that foreigners should be aware of?

    The legal system in Niue is based on the English common law system. Foreigners should be aware of local customs and traditions, as well as any laws that may be relevant to their stay on the island.

    What is doing business like in Niue?

    There is limited information on the business environment in Niue, but the World Bank ranks Niue as 181st out of 190 countries in its 2019 Doing Business Report. Some obstacles to doing business in Niue include starting a business, dealing with construction permits, and getting electricity.

    How is the economy in Niue?

    The economy of Niue is small, but reasonably diversified. The mainstay of the economy is the production of stamps and coins, which account for more than half of the government's revenue. Tourism is also a significant contributor to Niue's economy, with about 3,000 visitors annually. Other sources of revenue include remittances from Niueans living abroad, export of tuna products, and agricultural products such as coconuts and yams.

    Managing your finances in Niue

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

    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 Niue. 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 Niue. 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 Niue. 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 Niue, 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.


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