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Foreign Exchange Guide to New Zealand

Read this currency guide to New Zealand with money transfer and travel tips.   [USD/NZD=1.4618]

New Zealand
Country Code:
NZ
Domestic Currency:
New Zealand Dollar
Symbol - Code:
$ NZD
Telephone Prefix:
+64

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


In this New Zealand 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 New Zealand - currency & money saving tips
  4. Buying New Zealand Dollar cash online - travel money for New Zealand
  5. Sending money to New Zealand - save on New Zealand Dollar bank transfers to New Zealand
  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 plumbed new multi-year lows in October against G10 and emerging market currencies.

At 64.4 US cents (October-5), the kiwi was worth less than at any time since January 2016; it was also at its weakest since 2015 against the Canadian dollar and Singapore dollar, and its weakest since 2009 versus the Thai baht.

As with the Australian dollar, much of the kiwi’s current problems are related to monetary policy. With many of the world’s central banks either enacting or considering higher interest rates, the inactivity of New Zealand’s Reserve Bank (the RBNZ is not expected to hike rates within the next year) provides no incentive to hold New Zealand dollars, and as NZD is exchanged for foreign currencies its value is driven down.

“NZD/USD will continue to trade on the defensive in the near term,” an analyst at CBA said in October.

Fortunately, the outlook for 2019 is far brighter for NZD. Next year, the attention of FX participants will undoubtedly turn towards the inevitable tightening of NZ monetary policy and, in addition, US interest rates will be at or above “neutral.”

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 New Zealand

 

New Zealand is a popular destination and is inexpensive and offers a lot of ways to save money. The locals are friendly and helpful. Getting around by bus is also fairly cheap, however eating out can be expensive so budget travelers may want to learn to cook. Getting around with flights is also fairly expensive as there is not much competition among airlines.

Credit cards are accepted across the country and ATMs are frequently available in cities and towns, though some of New Zealand's highlights are in its beautiful countryside. If you prefer not to carry your main credit card on you at all times a Prepaid Travel Card can be useful to purchase before arrival.

 

Travel money for New Zealand

 

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.

 

Compare USD to NZD Travel Money Exchange Rates vs the Banks

USD $1,000 → Spend New Zealand dollar (NZD) Settings - Currency/Amount

ProvidersAmount NZDExchange RateCostReviewsDeals Links
Travelex Online US logoTravelex Online US
$1313.00 NZD
Top Provider
1.31310.42%
 
HSBC logoHSBC
$1299.90 NZD
$13 less
1.299911.32%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo HSBC logo
$1282.47 NZD
$31 less
1.291112.51%
Wells Fargo Bank logoWells Fargo Bank
$1273.90 NZD
$39 less
1.299913.09%
U.S. Bank logoU.S. Bank
$1273.60 NZD
$39 less
1.273613.11%
Travelex Online US fee breakdown & reviews
USD amount:$1,000 USD
Fee:$0
Exchange Rate:1.313 (10.42% from mid-rate)
NZD amount:$1313.00 NZD
Total Cost:10.42%
Time:
Rate Fetched: Mon Nov 19 2018 10:15:04 GMT+0000 (UTC)
Rating:
 
: 4.3/5.0
Reviews:
HSBC fee breakdown & reviews
USD amount:$1,000 USD
Fee:$0
Exchange Rate:1.2999 (11.32% from mid-rate)
NZD amount:$1299.90 NZD
Total Cost:11.32%
Time:12:07 Local
Rating:
: /5.0
Reviews:
 

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

Banks - Average Rate
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:1.2826 (12.5% from mid-rate)
NZD amount:$1282.47 NZD
Total Cost:12.51%
Wells Fargo Bank fee breakdown & reviews
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:1.2999 (11.32% from mid-rate)
NZD amount:$1273.90 NZD
Total Cost:13.09%
Time:12:07 Local
Rating:
: /5.0
Reviews:
U.S. Bank fee breakdown & reviews
USD amount:$1,000 USD
Fee:$0
Exchange Rate:1.2736 (13.11% from mid-rate)
NZD amount:$1273.60 NZD
Total Cost:13.11%
Time:12:07 Local
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Cost is provider fees + exchange rate margin vs USD/NZD mid-rate: 1.4658
Rates @ 11/19/2018
 

New Zealand Trip Checklist    

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

Sending money to New Zealand

When searching around for information on how to get a good exchange rate when sending money to New Zealand 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 New Zealand

When sending money to New Zealand 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 New Zealand.

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!

 

Compare USD to NZD Foreign Transfers vs the Banks

Send USD $10,000 → NZD Settings - Currency/Amount

ProvidersAmount NZDExchange RateCostReviewsDeals Links
OFX logoOFX
$14,599 NZD
Top Provider
1.45990.4%
 
Wells Fargo Bank logoWells Fargo Bank
$13,837 NZD
$762 less
1.38625.6%
HSBC logoHSBC
$13,827 NZD
$772 less
1.38485.67%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
$13,742.5 NZD
$856 less
1.38236.25%
Bank of America logoBank of America
$13,653 NZD
$946 less
1.37916.86%
U.S. Bank logoU.S. Bank
$13,653 NZD
$946 less
1.37916.86%
 
OFX fee breakdown & reviews
USD amount:$10,000 USD
Fee:$0
Exchange Rate:1.4599 (0.4% from mid-rate)
NZD amount:$14,599 NZD
Total Cost:0.4%
Time:
Rate Fetched: 12:07 Local
Rating:
 
: 4.8/5.0
Reviews:
Wells Fargo Bank fee breakdown & reviews
USD amount:$10,000 USD
Fee:$18
Exchange Rate:1.3862 (5.43% from mid-rate)
NZD amount:$13,837 NZD
Total Cost:5.6%
Difference:
$762 NZD less than using OFX
Time:12:07 Local
Rating:
: /5.0
Reviews:
HSBC fee breakdown & reviews
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:1.3848 (5.53% from mid-rate)
NZD amount:$13,827 NZD
Total Cost:5.67%
Difference:
$772 NZD less than using OFX
Time:12:07 Local
Rating:
: /5.0
Reviews:
 

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

Banks - Average Rate
USD amount:$10,000 USD
Fee:$15
Exchange Rate:1.3763 (6.11% from mid-rate)
NZD amount:$13,742.5 NZD
Total Cost:6.25%
Difference:
$856 NZD less than using OFX
Bank of America fee breakdown & reviews
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.3791 (5.91% from mid-rate)
NZD amount:$13,653 NZD
Total Cost:6.86%
Difference:
$946 NZD less than using OFX
Time:12:07 Local
Rating:
: /5.0
Reviews:
U.S. Bank fee breakdown & reviews
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.3791 (5.91% from mid-rate)
NZD amount:$13,653 NZD
Total Cost:6.86%
Difference:
$946 NZD less than using OFX
Time:12:07 Local
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Cost is provider fees + exchange rate margin vs USD/NZD mid-rate: 1.4658
Rates @ 11/19/2018
 

Major NZD cross rates


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

DateExchange RatePeriodChange
19 Nov 20180.6840Latest
12 Nov 20180.67181 Week+1.82%
20 Oct 20180.65941 Month+3.73%
23 May 20180.69256 Months-1.23%
19 Nov 20170.68001 Year+0.59%
19 Nov 20160.70122 Years-2.45%
20 Nov 20130.82725 Years-17.31%
21 Nov 20080.530810 Years+28.86%

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

DateExchange RatePeriodChange
19 Nov 20180.5971Latest
12 Nov 20180.59851 Week-0.23%
20 Oct 20180.57201 Month+4.39%
23 May 20180.59146 Months+0.96%
19 Nov 20170.57951 Year+3.04%
19 Nov 20160.66222 Years-9.83%
20 Nov 20130.61555 Years-2.99%
21 Nov 20080.422910 Years+41.19%

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

DateExchange RatePeriodChange
19 Nov 20180.5317Latest
12 Nov 20180.52261 Week+1.74%
20 Oct 20180.50441 Month+5.41%
23 May 20180.51806 Months+2.64%
19 Nov 20170.51521 Year+3.2%
19 Nov 20160.56792 Years-6.37%
20 Nov 20130.51375 Years+3.5%
21 Nov 20080.356610 Years+49.1%

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

DateExchange RatePeriodChange
19 Nov 201876.9597Latest
12 Nov 201876.37361 Week+0.77%
20 Oct 201874.21551 Month+3.7%
23 May 201876.09196 Months+1.14%
19 Nov 201776.17731 Year+1.03%
19 Nov 201677.70612 Years-0.96%
20 Nov 201382.73495 Years-6.98%
21 Nov 200850.566510 Years+52.2%

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

DateExchange RatePeriodChange
19 Nov 20180.9370Latest
12 Nov 20180.93641 Week+0.06%
20 Oct 20180.92611 Month+1.18%
23 May 20180.91536 Months+2.37%
19 Nov 20170.90031 Year+4.08%
19 Nov 20160.95552 Years-1.94%
20 Nov 20130.88675 Years+5.67%
21 Nov 20080.848510 Years+10.43%

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

DateExchange RatePeriodChange
19 Nov 20180.9011Latest
12 Nov 20180.88981 Week+1.27%
20 Oct 20180.86481 Month+4.2%
23 May 20180.88906 Months+1.36%
19 Nov 20170.87001 Year+3.57%
19 Nov 20160.94732 Years-4.88%
20 Nov 20130.86465 Years+4.22%
21 Nov 20080.680510 Years+32.42%

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