Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates

    Currency in Pitcairn NZD - Things to know

    Foreign exchange guide to Pitcairn and the New Zealand dollar

    Pitcairn

    What currency is used in Pitcairn?

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

    Loading rates...

     
       
     

    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 Pitcairn

    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.

     
       
     

    USD/NZD Market Data

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

     
    1 USD =
    1.6162We compare provider deals to this wholesale mid-market rate. Read more
    NZD
      1 NZD = 0.6187 USD   (Inverse rate)
     
    My Rates

    Manage My Rates   

     

    Frequently Asked Questions

    What currency should I use in Pitcairn?

    The domestic currency in Pitcairn 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?

    USD NZD
    $ 1 NZ$ 1.6162
    $ 5 NZ$ 8.0810
    $ 10 NZ$ 16.16
    $ 20 NZ$ 32.32
    $ 50 NZ$ 80.81
    $ 100 NZ$ 161.62
    $ 250 NZ$ 404.05
    $ 500 NZ$ 808.10
    $ 1,000 NZ$ 1,616
    $ 2,000 NZ$ 3,232
    $ 5,000 NZ$ 8,081
    $ 10,000 NZ$ 16,162
    $ 20,000 NZ$ 32,324
    $ 50,000 NZ$ 80,810
    $ 100,000 NZ$ 161,620
    USD NZD
    $ 0.6187 NZ$ 1
    $ 3.0935 NZ$ 5
    $ 6.1870 NZ$ 10
    $ 12.37 NZ$ 20
    $ 30.94 NZ$ 50
    $ 61.87 NZ$ 100
    $ 154.68 NZ$ 250
    $ 309.35 NZ$ 500
    $ 618.70 NZ$ 1,000
    $ 1,237 NZ$ 2,000
    $ 3,094 NZ$ 5,000
    $ 6,187 NZ$ 10,000
    $ 12,374 NZ$ 20,000
    $ 30,935 NZ$ 50,000
    $ 61,870 NZ$ 100,000

    More amounts

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

    Send Money to Pitcairn - Best Rates

    To get a good (and fair) exchange rate when sending money to Pitcairn 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 Pitcairn

    When sending money to Pitcairn 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 Pitcairn.

    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!

     

    More Country Guides (A-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