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Foreign Exchange Guide to the Cook Islands

This currency guide to the Cook Islands helps you choose the best way to save money on NZD transfers and travel money.    [USD/NZD=1.5893]

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

This is a foreign exchange guide to the Cook Islands, the New Zealand Dollar currency plus sending 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 NZ$.


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:

USD/NZD is trading well above the 90 day average 1.5572 with a range from LOW 1.4742 to HIGH 1.6016. There are currently no alerts.

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(NZ$)Exchange RateFee USDTotal CostDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
NZ$1,489.6
Compare
1.489606.4%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
NZ$1,475
NZ$15 less
1.4896U$107.33%
Wells Fargo Bank logo
NZ$1,459.81
NZ$30 less
1.4896U$208.27%
Travelex Online US logo
NZ$1,429.5
NZ$60 less
1.42950^10.17%
 

U.S. Bank logo

U.S. Bank: Travel Money USD→NZD
From Amount (USD)U$1,000
Fee:0
Exchange Rate:1.4896 (6.4% from mid-rate)
To Amount (NZD) NZ$1,489.6
Total Cost:6.4%
Time:18:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→NZD
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:1.3925 (12.5% from mid-rate)
To Amount (NZD) NZ$1,475
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logo

Wells Fargo Bank: Travel Money USD→NZD
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:1.4896 (6.4% from mid-rate)
To Amount (NZD) NZ$1,459.81
Total Cost:8.27%
Time:18:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Travelex Online US logo

Travelex Online US: Travel Money USD→NZD
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:1.4295 (10.17% from mid-rate)
To Amount (NZD) NZ$1,429.5
Total Cost:10.17%
Time:
Rate Fetched: Wed Oct 16 2019 18:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 10/16/2019 - 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(NZ$)Exchange RateFee USDTotal CostDeal Links
OFX logo
NZ$15,787
Best Overall
1.57870^0.8%
XE logo
NZ$15,715
NZ$72 less
1.571501.25%
Wells Fargo Bank logo
NZ$15,310
NZ$477 less
1.5338183.8%
HSBC logo
NZ$15,299
NZ$488 less
1.5322U$153.86%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
NZ$15,206
NZ$581 less
1.5295154.45%
Bank of America International Money Transfers
Bank of America logo
NZ$15,107
NZ$680 less
1.526U$1005.07%
U.S. Bank International Money Transfers
U.S. Bank logo
NZ$15,107
NZ$680 less
1.526U$1005.07%
 

OFX logo

OFX: Foreign Transfer USD→NZD
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.5787 (0.8% from mid-rate)
To Amount (NZD) NZ$15,787
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:
 

XE logo

XE: Foreign Transfer USD→NZD
From Amount (USD)U$10,000
Fee:
Exchange Rate:1.5715 (1.25% from mid-rate)
To Amount (NZD) NZ$15,715
Total Cost:1.25%
Difference:
NZ$72 NZD less than using OFX
Time:18:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

Wells Fargo Bank logo

Wells Fargo Bank: Foreign Transfer USD→NZD
From Amount (USD)U$10,000
Fee:18
Exchange Rate:1.5338 (3.62% from mid-rate)
To Amount (NZD) NZ$15,310
Total Cost:3.8%
Difference:
NZ$477 NZD less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer USD→NZD
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:1.5322 (3.72% from mid-rate)
To Amount (NZD) NZ$15,299
Total Cost:3.86%
Difference:
NZ$488 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
From Amount (USD)U$10,000
Fee:15
Exchange Rate:1.5228 (4.31% from mid-rate)
To Amount (NZD) NZ$15,206
Total Cost:4.45%
Difference:
NZ$581 NZD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logo

Bank of America: Foreign Transfer USD→NZD
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:1.5260 (4.11% from mid-rate)
To Amount (NZD) NZ$15,107
Total Cost:5.07%
Difference:
NZ$680 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 logo

U.S. Bank: Foreign Transfer USD→NZD
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:1.5260 (4.11% from mid-rate)
To Amount (NZD) NZ$15,107
Total Cost:5.07%
Difference:
NZ$680 NZD less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 10/16/2019 - See full table
 

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

PeriodChange*NZD/USDDate
1 Day-0.1%0.629515 Oct 2019
7 Day0%0.628709 Oct 2019
30 Day-0.8%0.634216 Sep 2019
3 Month-7.2%0.677718 Jul 2019
1 Year-4.5%0.658416 Oct 2018
5 Year-20.6%0.791917 Oct 2014
10 Year-14.9%0.739118 Oct 2009

*For period to 16-Oct 21UTC when NZD/USD was 0.6290

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

PeriodChange*NZD/EURDate
1 Day-0.4%0.570515 Oct 2019
7 Day-0.7%0.572309 Oct 2019
30 Day-1.4%0.576316 Sep 2019
3 Month-5.6%0.601818 Jul 2019
1 Year-0.1%0.568716 Oct 2018
5 Year-8.5%0.620617 Oct 2014
10 Year+14.4%0.496518 Oct 2009

*For period to 16-Oct 21UTC when NZD/EUR was 0.5681

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

PeriodChange*NZD/GBPDate
1 Day-0.6%0.493315 Oct 2019
7 Day-4.8%0.514809 Oct 2019
30 Day-3.9%0.510416 Sep 2019
3 Month-9.3%0.540318 Jul 2019
1 Year-1.8%0.499216 Oct 2018
5 Year-0.4%0.492117 Oct 2014
10 Year+8.3%0.452618 Oct 2009

*For period to 16-Oct 21UTC when NZD/GBP was 0.4903

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

PeriodChange*NZD/AUDDate
1 Day-0.2%0.932215 Oct 2019
7 Day-0.5%0.935709 Oct 2019
30 Day+0.7%0.924216 Sep 2019
3 Month-2.9%0.958818 Jul 2019
1 Year+0.9%0.922216 Oct 2018
5 Year+2.7%0.905717 Oct 2014
10 Year+15.4%0.806218 Oct 2009

*For period to 16-Oct 21UTC when NZD/AUD was 0.9306

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