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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=1.4545]

 
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

28-January-19: The New Zealand dollar has begun 2019 well, with small gains against the US dollar ($0.683) and euro (€0.598). The kiwi remains, however, at relatively low levels by the standards of recent years: in percentage terms, it remains down double digits from 2017 highs relative to USD and EUR.

Several months ago, a good portion of analysts agreed that the kiwi was heading higher in 2019 but, as with the Australian dollar, things have changed. In recent months, investors have become increasingly certain that interest rates in New Zealand will stay at a record low of 1.75 percent for a prolonged period. Inaction on interest rates will force capital away from New Zealand and towards countries where rates are higher or are expected to increase.

Those with a need to consider seriously the future value (6-12 months) of New Zealand’s currency should not underestimate how highly correlated it is with the Australian dollar. Though they flex somewhat against each other, against other major currencies, the Antipodes usually move hand in hand. With that said, readers should be worried about a flurry of grim AUD forecasts coming in early 2019. Among such forecasts was that by a BNP Paribas analyst, who predicted that AUD would get “absolutely crucified,” and that by Capital Economics, which predicted a 16 percent AUD decline.

The interactive chart below shows the USD to NZD exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.


USD-NZD 3 Month chart
USD-NZD 3 Month chart
USDNZD currency converter

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 Providers
Ratings & Reviews
Amount NZD($)Exchange RateFee USDTotal CostCurrency ServicesDelivery/CollectDeal Links
Wells Fargo Bank Foreign Currency
Wells Fargo Bank logo
1,366.02 NZD
Compare
1.3939$206.37%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
1,366 NZD
$0.02 less
1.3798$106.38%Branch-
U.S. Bank Foreign Currency
U.S. Bank logo
1,365.7 NZD
$0.32 less
1.365706.39%Branch-
 
Travelex Online US logo
1,341 NZD
$25 less
1.3410^8.09%Online order, Branch pickup, Home delivery2-3 days
Wells Fargo Bank: Travel Money USD→NZD
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:1.3939 (4.46% from mid-rate)
NZD amount:1,366.02 NZD
Total Cost:6.37%
Time:12:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo

Travel Money USD→NZD
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:1.2766 (12.5% from mid-rate)
NZD amount:1,366 NZD
Total Cost:6.38%
Currency Services:Branch
Delivery/Collect:-
U.S. Bank: Travel Money USD→NZD
USD amount:$1,000 USD
Fee:0
Exchange Rate:1.3657 (6.39% from mid-rate)
NZD amount:1,365.7 NZD
Total Cost:6.39%
Time:12:07 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:1.341 (8.09% from mid-rate)
NZD amount:1,341 NZD
Total Cost:8.09%
Time:
Rate Fetched: Wed Feb 20 2019 10:15:03 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the US as licensed money transmitters. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/20/2019
 

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 Providers
Ratings & Reviews
Receive NZD($)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
14,404 NZD
Best Overall
1.44040^1.27%Bank Transfers - Online & Phone1-2 days
Wells Fargo Bank International Money Transfers
Wells Fargo Bank logo
14,105 NZD
$299 less
1.413183.32%Online, Branch, Bank Transfers2-3 days
HSBC International Money Transfers
HSBC logo
14,094 NZD
$310 less
1.4115$153.4%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
14,008 NZD
$396 less
1.4090153.99%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
13,917 NZD
$487 less
1.4058$1004.61%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
13,917 NZD
$487 less
1.4058$1004.61%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.4404 (1.27% from mid-rate)
NZD amount:14,404 NZD
Total Cost:1.27%
Time:
Rate Fetched: Wed Feb 20 2019 10:02:41 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:18
Exchange Rate:1.4130 (3.15% from mid-rate)
NZD amount:14,105 NZD
Total Cost:3.32%
Difference:
$299 less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
HSBC: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:1.4115 (3.26% from mid-rate)
NZD amount:14,094 NZD
Total Cost:3.4%
Difference:
$310 less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo

Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:15
Exchange Rate:1.4029 (3.85% from mid-rate)
NZD amount:14,008 NZD
Total Cost:3.99%
Difference:
$396 less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Bank of America: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.4058 (3.65% from mid-rate)
NZD amount:13,917 NZD
Total Cost:4.61%
Difference:
$487 less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
U.S. Bank: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.4058 (3.65% from mid-rate)
NZD amount:13,917 NZD
Total Cost:4.61%
Difference:
$487 less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the US as licensed money transmitters. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/20/2019
 

Popular NZD cross rates


NZD/USD - New Zealand Dollar to United States Dollar - 10 Year History

DateExchange RatePeriodChange
19 Feb 20190.6854Latest
12 Feb 20190.67401 Week+1.69%
20 Jan 20190.67401 Month+1.69%
23 Aug 20180.66266 Months+3.44%
19 Feb 20180.73631 Year-6.91%
19 Feb 20170.71802 Years-4.54%
20 Feb 20140.83045 Years-17.46%
21 Feb 20090.508910 Years+34.68%

NZD/EUR - New Zealand Dollar to Euro - 10 Year History

DateExchange RatePeriodChange
19 Feb 20190.6046Latest
12 Feb 20190.59471 Week+1.66%
20 Jan 20190.59301 Month+1.96%
23 Aug 20180.57406 Months+5.33%
19 Feb 20180.59381 Year+1.82%
19 Feb 20170.67572 Years-10.52%
20 Feb 20140.60535 Years-0.12%
21 Feb 20090.400210 Years+51.07%

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

DateExchange RatePeriodChange
19 Feb 20190.5256Latest
12 Feb 20190.52291 Week+0.52%
20 Jan 20190.52441 Month+0.23%
23 Aug 20180.51726 Months+1.62%
19 Feb 20180.52621 Year-0.11%
19 Feb 20170.57772 Years-9.02%
20 Feb 20140.49875 Years+5.39%
21 Feb 20090.354210 Years+48.39%

NZD/JPY - New Zealand Dollar to Japanese Yen - 10 Year History

DateExchange RatePeriodChange
19 Feb 201975.8097Latest
12 Feb 201974.48611 Week+1.78%
20 Jan 201973.91531 Month+2.56%
23 Aug 201873.78926 Months+2.74%
19 Feb 201878.58011 Year-3.53%
19 Feb 201781.07822 Years-6.5%
20 Feb 201484.95245 Years-10.76%
21 Feb 200947.656710 Years+59.07%

NZD/AUD - New Zealand Dollar to Australian Dollar - 10 Year History

DateExchange RatePeriodChange
19 Feb 20190.9597Latest
12 Feb 20190.94881 Week+1.15%
20 Jan 20190.94101 Month+1.99%
23 Aug 20180.91476 Months+4.92%
19 Feb 20180.93101 Year+3.08%
19 Feb 20170.93622 Years+2.51%
20 Feb 20140.92205 Years+4.09%
21 Feb 20090.792210 Years+21.14%

NZD/CAD - New Zealand Dollar to Canadian Dollar - 10 Year History

DateExchange RatePeriodChange
19 Feb 20190.9088Latest
12 Feb 20190.89171 Week+1.92%
20 Jan 20190.89471 Month+1.58%
23 Aug 20180.86806 Months+4.7%
19 Feb 20180.92541 Year-1.79%
19 Feb 20170.93982 Years-3.3%
20 Feb 20140.91955 Years-1.16%
21 Feb 20090.639110 Years+42.2%

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