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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=1.4682]

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

In the weeks leading up to this report (15-Nov-18), the New Zealand dollar was among the best performing global currencies, helped by easing trade tensions between the US and China.

At 68.4 US cents, it remained down 8 percent on 2018 highs. The kiwi struck a 2-1/2-year low in October of just 64.25 cents. After falling to 55.77 euro cents, NZD recovered by the time of this report to buy 60 euro cents — a 10-month high.

Inaction on interest rates from the RBNZ has lended itself to lower NZD exchange rates throughout 2018 but this will likely change in the coming year. The inevitability of higher New Zealand interest rates should become a central narrative in mid-2019. Higher interest rates would add strong support to the kiwi, certainly relative to the currencies of the US, which has already normalized policy a great deal, and of Europe and the UK — these being areas that are likely to see lower interest rates for longer due to uncertainties surrounding Brexit.

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 - Exchange Rate Comparison

Travel Money Providers
Ratings & Reviews
Amount NZD($)Exchange RateFee USDTotal CostCurrency ServicesDelivery SpeedDeal Links
Wells Fargo Bank logo
1,374.94 NZD
Value & Rating
1.403$206.38%Branch-
U.S. Bank
U.S. Bank logo
1,374.7 NZD
$0.24 less
1.374706.39%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
1,375 NZD
$0.06 more
1.3889$106.39%Branch-
 
Travelex Online US logo
1,345.7 NZD
$29 less
1.34570^8.37%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:1.4030 (4.47% from mid-rate)
NZD amount:1,374.94 NZD
Total Cost:6.38%
Time:12:07 Local
Currency Services:Branch
Delivery Speed:-
Rating:
: /5.0
Reviews:
U.S. Bank: Travel Money USD→NZD
USD amount:$1,000 USD
Fee:0
Exchange Rate:1.3747 (6.39% from mid-rate)
NZD amount:1,374.7 NZD
Total Cost:6.39%
Time:12:07 Local
Currency Services:Branch
Delivery Speed:-
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:1.2850 (12.5% from mid-rate)
NZD amount:1,375 NZD
Total Cost:6.39%
Currency Services:Branch
Delivery Speed:-
Travelex Online US: Travel Money USD→NZD
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:1.3457 (8.37% from mid-rate)
NZD amount:1,345.7 NZD
Total Cost:8.37%
Time:
Rate Fetched: Mon Dec 17 2018 10:15:03 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery Speed:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/17/2018.
Total Cost = Fee + exchange rate margin vs USD/NZD mid-rate: 1.4686
 

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 Transfers - Exchange Rate Comparison

Foreign Transfer Providers
Ratings & Reviews
Amount NZD($)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
WorldFirst logo
14,627 NZD
Value & Rating
1.462700.4%Bank Transfers - Online & Phone1-2 days
 
OFX logo
14,522 NZD
$105 less
1.45220^1.12%Bank Transfers - Online & Phone1-2 days
Wells Fargo Bank logo
14,220 NZD
$407 less
1.4246183.17%Online, Branch, Bank Transfers2-3 days
HSBC logo
14,211 NZD
$416 less
1.4232$153.23%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
14,124 NZD
$503 less
1.4207153.83%Online, Branch, Bank Transfers2-3 days
Bank of America
Bank of America logo
14,032 NZD
$595 less
1.4174$1004.45%Online, Branch, Bank Transfers2-3 days
U.S. Bank
U.S. Bank logo
14,032 NZD
$595 less
1.4174$1004.45%Online, Branch, Bank Transfers2-3 days
WorldFirst: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:
Exchange Rate:1.4627 (0.4% from mid-rate)
NZD amount:14,627 NZD
Total Cost:0.4%
Time:12:07 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.6/5.0
Reviews:
 
OFX: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.4522 (1.12% from mid-rate)
NZD amount:14,522 NZD
Total Cost:1.12%
Difference:
$105 less than using WorldFirst
Time:
Rate Fetched: Mon Dec 17 2018 10:02:37 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:1.4246 (3% from mid-rate)
NZD amount:14,220 NZD
Total Cost:3.17%
Difference:
$407 less than using WorldFirst
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:1.4232 (3.09% from mid-rate)
NZD amount:14,211 NZD
Total Cost:3.23%
Difference:
$416 less than using WorldFirst
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:1.4145 (3.68% from mid-rate)
NZD amount:14,124 NZD
Total Cost:3.83%
Difference:
$503 less than using WorldFirst
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:1.4174 (3.49% from mid-rate)
NZD amount:14,032 NZD
Total Cost:4.45%
Difference:
$595 less than using WorldFirst
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:1.4174 (3.49% from mid-rate)
NZD amount:14,032 NZD
Total Cost:4.45%
Difference:
$595 less than using WorldFirst
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
Rates @ 12/17/2018.
Total Cost = Fee + exchange rate margin vs USD/NZD mid-rate: 1.4686
 

Popular NZD cross rates


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

DateExchange RatePeriodChange
16 Dec 20180.6798Latest
09 Dec 20180.68421 Week-0.64%
16 Nov 20180.68791 Month-1.18%
19 Jun 20180.69046 Months-1.54%
16 Dec 20170.69911 Year-2.76%
16 Dec 20160.69672 Years-2.43%
17 Dec 20130.82725 Years-17.82%
18 Dec 20080.591510 Years+14.93%

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

DateExchange RatePeriodChange
16 Dec 20180.6011Latest
09 Dec 20180.60021 Week+0.15%
16 Nov 20180.60231 Month-0.2%
19 Jun 20180.59586 Months+0.89%
16 Dec 20170.59461 Year+1.09%
16 Dec 20160.66782 Years-9.99%
17 Dec 20130.60075 Years+0.07%
18 Dec 20080.412510 Years+45.72%

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

DateExchange RatePeriodChange
16 Dec 20180.5400Latest
09 Dec 20180.53791 Week+0.39%
16 Nov 20180.53581 Month+0.78%
19 Jun 20180.52416 Months+3.03%
16 Dec 20170.52471 Year+2.92%
16 Dec 20160.55852 Years-3.31%
17 Dec 20130.50845 Years+6.22%
18 Dec 20080.389810 Years+38.53%

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

DateExchange RatePeriodChange
16 Dec 201877.1122Latest
09 Dec 201876.98341 Week+0.17%
16 Nov 201877.61921 Month-0.65%
19 Jun 201876.00526 Months+1.46%
16 Dec 201778.70331 Year-2.02%
16 Dec 201682.16552 Years-6.15%
17 Dec 201384.94455 Years-9.22%
18 Dec 200852.720110 Years+46.27%

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

DateExchange RatePeriodChange
16 Dec 20180.9464Latest
09 Dec 20180.95281 Week-0.67%
16 Nov 20180.93801 Month+0.9%
19 Jun 20180.93436 Months+1.3%
16 Dec 20170.91421 Year+3.52%
16 Dec 20160.95282 Years-0.67%
17 Dec 20130.92915 Years+1.86%
18 Dec 20080.851310 Years+11.17%

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

DateExchange RatePeriodChange
16 Dec 20180.9098Latest
09 Dec 20180.91201 Week-0.24%
16 Nov 20180.90451 Month+0.59%
19 Jun 20180.91676 Months-0.75%
16 Dec 20170.89951 Year+1.15%
16 Dec 20160.92952 Years-2.12%
17 Dec 20130.87685 Years+3.76%
18 Dec 20080.707510 Years+28.59%

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