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Foreign Exchange Guide to the Cook Islands

Read this currency guide to the Cook Islands with HKD money transfer and travel tips.   [HKD/NZD=0.1983]

Cook Islands
Country Code:
Domestic Currency:
New Zealand Dollar
Symbol - Code:
Telephone Prefix:

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


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 HKDTotal CostDeal Links
OFX logo
9,655 NZD0.19310 for BER users (normally $15)2.62%
DBS Bank logo
9,555.44 NZD0.1913503.63%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
9,453 NZD0.1892554.66%
HSBC logo
9,424.9 NZD0.1888$804.94%
Citibank International Money Transfers
Citibank logo
9,377.75 NZD0.1876125.42%
OFX: Foreign Transfer HKD→NZD
HKD amount:$50,000 HKD
Fee:0 for BER users (normally $15)
Exchange Rate:0.1931 (2.62% from mid-rate)
NZD amount:9,655 NZD
Total Cost:2.62%
Rate Fetched: Sat Aug 17 2019 00:16:17 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
: 4.8/5.0

DBS Bank logoDBS Bank

DBS Bank: Foreign Transfer HKD→NZD
HKD amount:$50,000 HKD
Exchange Rate:0.1913 (3.53% from mid-rate)
NZD amount:9,555.44 NZD
Total Cost:3.63%
100 NZD less than using OFX
Time:1:12 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
: /5.0

Banks - Average Rate

Foreign Transfer HKD→NZD
HKD amount:$50,000 HKD
Exchange Rate:0.1898 (4.29% from mid-rate)
NZD amount:9,453 NZD
Total Cost:4.66%
202 NZD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers


HSBC: Foreign Transfer HKD→NZD
HKD amount:$50,000 HKD
Fee:$80 HKD (Minimum fee)
Exchange Rate:0.1888 (4.79% from mid-rate)
NZD amount:9,424.9 NZD
Total Cost:4.94%
230 NZD less than using OFX
Time:1:12 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
: /5.0

Citibank logoCitibank

Citibank: Foreign Transfer HKD→NZD
HKD amount:$50,000 HKD
Exchange Rate:0.1876 (5.4% from mid-rate)
NZD amount:9,377.75 NZD
Total Cost:5.42%
277 NZD less than using OFX
Time:1:12 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
: /5.0
Snapshot 08/17/2019 - See full table

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

1 Day-0.08%0.643415 Aug 2019
1 Week-0.63%0.647009 Aug 2019
1 Month-4.49%0.673117 Jul 2019
6 Months-6.35%0.686517 Feb 2019
1 Year-2.35%0.658416 Aug 2018
5 Years-24.24%0.848617 Aug 2014
10 Years-4.47%0.673018 Aug 2009

*For period to 16-Aug 21UTC when NZD/USD was 0.6429

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

1 Day+0.07%0.579115 Aug 2019
1 Week+1.03%0.573609 Aug 2019
1 Month-3.34%0.599517 Jul 2019
6 Months-4.64%0.607717 Feb 2019
1 Year+0.1%0.578916 Aug 2018
5 Years-8.55%0.633717 Aug 2014
10 Years+21.51%0.476918 Aug 2009

*For period to 16-Aug 21UTC when NZD/EUR was 0.5795

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

1 Day-0.58%0.532215 Aug 2019
1 Week-1.56%0.537509 Aug 2019
1 Month-2.27%0.541417 Jul 2019
6 Months-0.55%0.532017 Feb 2019
1 Year+2.16%0.517916 Aug 2018
5 Years+4.24%0.507617 Aug 2014
10 Years+29.68%0.408018 Aug 2009

*For period to 16-Aug 21UTC when NZD/GBP was 0.5291

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

1 Day-0.21%0.950115 Aug 2019
1 Week-0.54%0.953209 Aug 2019
1 Month-1.29%0.960517 Jul 2019
6 Months-1.33%0.960917 Feb 2019
1 Year+4.53%0.907016 Aug 2018
5 Years+4.12%0.910617 Aug 2014
10 Years+16.02%0.817218 Aug 2009

*For period to 16-Aug 21UTC when NZD/AUD was 0.9481

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