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Foreign Exchange Guide to the Cook Islands

Read this currency guide to the Cook Islands with money transfer and travel tips.   [USD/NZD=1.5622]

 
Cook Islands
Country Code:
CK
Domestic Currency:
New Zealand Dollar
Symbol - Code:
$ NZD
Telephone Prefix:
+682

This is a foreign exchange guide to the Cook Islands, the New Zealand Dollar currency plus NZD transfers and travel tips.


In this the Cook Islands currency guide we take a look at :

  1. New Zealand Dollar info - general info about the New Zealand Dollar
  2. New Zealand Dollar in the markets - recent NZD moves and predictions from the FX markets
  3. Travelling in the Cook Islands - currency & money saving tips
  4. Buying New Zealand Dollar cash online - travel money for the Cook Islands
  5. Sending money to the Cook Islands - save on New Zealand Dollar bank transfers to the Cook Islands
  6. New Zealand Dollar exchange rates - latest & historic exchange rates.
  7. NZD News - the latest New Zealand Dollar related articles from our blog.

New Zealand Dollar (NZD) general currency information


What is the New Zealand Dollar currency code and symbol?

The three letter currency code for the New Zealand Dollar is NZD and the symbol is $.


Which countries use the New Zealand Dollar?

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

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.


New Zealand Dollar (NZD) in the markets

The New Zealand dollar weakened in June to a 7-month low against the euro, at rates below €0.58.

At US$0.65, the kiwi remained weak against the greenback, 6 percent lower than rates in March.

Against the Australian dollar, NZD has been steady in recent months, having spent much of its time between A$0.94 and A$0.95.

Robbing New Zealand's currency of gains in 2019 have been lower NZ interest rates, reduced risk appetite spurred on by an escalation in the US-China trade standoff, and high correlations with other weak currencies, including the Australian dollar and yuan.

For more details read the full article New Zealand Dollar Forecasts.

The interactive chart below shows the USD to NZD exchange rate and trend for the previous 3 months:

Travel, Currency and Money saving tips for the Cook Islands

 

Travel money for the Cook Islands

 

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 Money ProvidersAmount NZD($)Exchange RateFee USDTotal CostDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
1,461.3 NZD
Compare
1.461306.39%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
1,447 NZD
14 NZD
1.4613$107.33%
Wells Fargo Bank logo
1,432.07 NZD
29 NZD
1.4613$208.27%
Travelex Online US logo
1,394.9 NZD
66 NZD
1.39490^10.65%
 

U.S. Bank logoU.S. Bank

U.S. Bank: Travel Money USD→NZD
USD amount:$1,000 USD
Fee:0
Exchange Rate:1.4613 (6.39% from mid-rate)
NZD amount:1,461.3 NZD
Total Cost:6.39%
Time:18:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→NZD
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:1.3660 (12.5% from mid-rate)
NZD amount:1,447 NZD
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Travel Money USD→NZD
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:1.4613 (6.39% from mid-rate)
NZD amount:1,432.07 NZD
Total Cost:8.27%
Time:18:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travelex Online US: Travel Money USD→NZD
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:1.3949 (10.65% from mid-rate)
NZD amount:1,394.9 NZD
Total Cost:10.65%
Time:
Rate Fetched: Wed Aug 21 2019 16:00:05 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 08/21/2019 - See full table
 

the Cook Islands Trip Checklist    

 
  1. Compare NZD travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in the Cook Islands
  3. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to the Cook Islands

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 New Zealand Dollar foreign-transfer exchange rate.

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 here).


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 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 the Cook Islands.

Use our Send to NZD 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!

 
Foreign Transfer ProvidersReceive NZD($)Exchange RateFee USDTotal CostDeal Links
OFX logo
15,486 NZD
Best Overall
1.54860^0.8%
Wells Fargo Bank logo
15,012 NZD
474 NZD
1.5039183.84%
HSBC logo
15,001 NZD
485 NZD
1.5024$153.91%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
14,909 NZD
577 NZD
1.4997154.5%
Bank of America International Money Transfers
Bank of America logo
14,812 NZD
674 NZD
1.4962$1005.12%
U.S. Bank International Money Transfers
U.S. Bank logo
14,812 NZD
674 NZD
1.4962$1005.12%
 
OFX: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.5486 (0.8% from mid-rate)
NZD amount:15,486 NZD
Total Cost:0.8%
Time:
Rate Fetched: 18:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:18
Exchange Rate:1.5039 (3.66% from mid-rate)
NZD amount:15,012 NZD
Total Cost:3.84%
Difference:
474 NZD less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:1.5024 (3.76% from mid-rate)
NZD amount:15,001 NZD
Total Cost:3.91%
Difference:
485 NZD less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:15
Exchange Rate:1.4932 (4.35% from mid-rate)
NZD amount:14,909 NZD
Total Cost:4.5%
Difference:
577 NZD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logoBank of America

Bank of America: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.4962 (4.16% from mid-rate)
NZD amount:14,812 NZD
Total Cost:5.12%
Difference:
674 NZD less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.4962 (4.16% from mid-rate)
NZD amount:14,812 NZD
Total Cost:5.12%
Difference:
674 NZD less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/21/2019 - See full table
 

NZD/USD - New Zealand Dollar to United States Dollar - Historical Rates

PeriodChange*NZD/USDDate
1 Day+0.12%0.640519 Aug 2019
1 Week-0.74%0.646113 Aug 2019
1 Month-5.13%0.676021 Jul 2019
6 Months-5.87%0.681321 Feb 2019
1 Year-3.42%0.664020 Aug 2018
5 Years-23.67%0.840221 Aug 2014
10 Years-6.01%0.682322 Aug 2009

*For period to 20-Aug 21UTC when NZD/USD was 0.6413

NZD/EUR - New Zealand Dollar to Euro - Historical Rates

PeriodChange*NZD/EURDate
1 Day-0.05%0.578019 Aug 2019
1 Week-0.07%0.578113 Aug 2019
1 Month-4.13%0.602621 Jul 2019
6 Months-3.84%0.600821 Feb 2019
1 Year-0.02%0.577820 Aug 2018
5 Years-8.68%0.632621 Aug 2014
10 Years+21.37%0.476022 Aug 2009

*For period to 20-Aug 21UTC when NZD/EUR was 0.5777

NZD/GBP - New Zealand Dollar to British Pound Sterling - 10 Year History

PeriodChange*NZD/GBPDate
1 Day-0.17%0.528119 Aug 2019
1 Week-1.57%0.535613 Aug 2019
1 Month-2.42%0.540321 Jul 2019
6 Months+0.9%0.522521 Feb 2019
1 Year+1.66%0.518620 Aug 2018
5 Years+4.03%0.506821 Aug 2014
10 Years+27.62%0.413122 Aug 2009

*For period to 20-Aug 21UTC when NZD/GBP was 0.5272

NZD/AUD - New Zealand Dollar to Australian Dollar - Historical Rates

PeriodChange*NZD/AUDDate
1 Day-0.22%0.948119 Aug 2019
1 Week-0.48%0.950613 Aug 2019
1 Month-1.44%0.959821 Jul 2019
6 Months-1.29%0.958421 Feb 2019
1 Year+4.52%0.905120 Aug 2018
5 Years+4.75%0.903121 Aug 2014
10 Years+15.66%0.817922 Aug 2009

*For period to 20-Aug 21UTC when NZD/AUD was 0.9460

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