Currency in Tokelau – New Zealand dollar NZD
A practical foreign exchange and currency guide on sending money and travel to Tokelau
What's in this Tokelau currency guide?
Travelling to Tokelau
In a world where travel has become easy and accessible to the masses, travelling to Tokelau – a territory of New Zealand – still requires a dedication that dissuades all but the most committed visitors. It takes upwards of 24 hours to reach Tokelau by boat from its nearest neighbour, Samoa, and you can forget about flying – there’s no airstrip. Once you’re there, the ship that brought you is your only means of getting between the nation’s three atolls – Fakaofo, Atafu and Nukunonu. It takes nine hours to travel between the two most distant ones (Fakaofo and Atafu). Your ship will also be your ticket home, so you’ll have to be prepared to stay for at least five days until it’s ready to leave, or wait for the next one in a week’s time.
The distances around the atolls are short, so one can travel on foot within an atoll. Tourists can travel between atolls on a dinghy or traditional outrigger canoe.
What currency is used in Tokalau?
New Zealand dollar is the main currency used in Tokelau. Tokelau has no banks, no ATM’s and no foreign exchange. Some islanders will accept Australian and Samoan currency. Don’t expect to be able to use credit or debit cards, on Tokelau cash is king.
Sending Money to Tokelau
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make a Transfer or Spend New Zealand dollar.
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New Zealand dollar – Markets & Rates
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.
Historic NZD-USD Rates
| NZD/USD was | Change | Period |
|---|---|---|
0.6998 19 Nov 2021 | 3.6% ▼ | 2 Weeks |
0.7152 04 Sep 2021 | 5.6% ▼ | 90 Days |
0.7070 03 Dec 2020 | 4.5% ▼ | 1 Year |
0.7111 04 Dec 2016 | 5.1% ▼ | 5 Years |
0.7786 06 Dec 2011 | 13.3% ▼ | 10 Years |
0.4162 08 Dec 2001 | 62.2% ▲ | 20 Years |
NZD is also used in 4 other countries
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