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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=1.5106]

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 has spent much of 2018 influenced by risk sentiment and, in the case of NZD/USD, by the broader market for US dollar pairs.

The kiwi fell steadily between April and mid-August (the time of this report), not only against the greenback, against which it slumped 10 percent to $0.663, but also to lesser extents against the yen (¥73.3) and Australian dollar (A$0.907).

Markets have long priced in a near-zero probability of an NZ interest rate hike this year but, worryingly, Westpac said in August it believed the probability of the RBNZ cutting rates had risen to a new high – Westpac estimated a one-third chance of a cut.

Further to monetary policy factors, weighing on the New Zealand dollar at present is the emerging market crisis, which sees funds moved into safe havens; the US-China trade dispute, which threatens global trade; and dairy prices, which beginning on June 5th fell in four consecutive fortnightly auctions.

Westpac are forecasting NZD/USD at 0.67 at year-end and at 0.65 by the end of 2019. Respective forecasts for NZD/AUD are at 0.91 and 0.925.

Betting against NZD is Societe Generale. In mid-August, the bank said that shorting the kiwi against CAD and AUD were “attractive” propositions.

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 Travel Money Exchange Rates vs the Banks

USD $1,000 → Spend New Zealand dollar (NZD)

ProviderSpend Amount USDExchange RateCostReviewsLinks to Offers
Travelex Online US logoTravelex Online US
$1357.20 NZD
Top Provider
1.357210.16%
 
HSBC logoHSBC
$1343.60 NZD
$14 less
1.343611.06%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo HSBC logo
$1325.61 NZD
$32 less
1.334612.25%
Wells Fargo Bank logoWells Fargo Bank
$1316.73 NZD
$40 less
1.343612.84%
U.S. Bank logoU.S. Bank
$1316.50 NZD
$41 less
1.316512.85%
Travelex Online US: rate, rating & reviews
From amount:$1,000 USD
To amount:$1357.20 NZD
Exchange Rate:1.3572
Total Cost:10.16% (against USD/NZD mid-rate: 1.5107)
Fees:$0
Timestamp:
Rate Fetched: Wed Sep 19 2018 14:15:04 GMT+0000 (UTC)
Rating:
 
: 4.3/5.0
Reviews:
HSBC: rate, rating & reviews
From amount:$1,000 USD
To amount:$1343.60 NZD
Exchange Rate:1.3436
Total Cost:11.06% (against USD/NZD mid-rate: 1.5107)
Fees:$0
Timestamp:15:07 Local
Rating:
: /5.0
Reviews:
 

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

Banks - Average Rate :
From amount:$1,000 USD
To amount:$1325.61 NZD
Exchange Rate:1.3219
Total Cost:12.25% (against USD/NZD mid-rate: 1.5107)
Fees:$10
Wells Fargo Bank: rate, rating & reviews
From amount:$1,000 USD
To amount:$1316.73 NZD
Exchange Rate:1.3436
Total Cost:12.84% (against USD/NZD mid-rate: 1.5107)
Fees: Minimum 20 USD
Timestamp:15:07 Local
Rating:
: /5.0
Reviews:
U.S. Bank: rate, rating & reviews
From amount:$1,000 USD
To amount:$1316.50 NZD
Exchange Rate:1.3165
Total Cost:12.85% (against USD/NZD mid-rate: 1.5107)
Fees:$0
Timestamp:15:07 Local
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Request a free multiple-vendor quote: Get Quotes
* Cost = exchange rate margin + fees vs USD/NZD mid-rate: 1.5107
Rates @ 09/19/2018
 

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 Foreign Transfers vs the Banks

Send USD $10,000 → Receive NZD

ProviderReceive Amount NZDExchange RateCostReviewsLinks to Offers
OFX logoOFX
$15,011 NZD1.50110.64%
 
Wells Fargo Bank logoWells Fargo Bank
$14,670 NZD1.46962.89%
HSBC logoHSBC
$14,659 NZD1.46812.97%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
$14,569.75 NZD1.46553.56%
Bank of America logoBank of America
$14,475 NZD1.46214.18%
U.S. Bank logoU.S. Bank
$14,475 NZD1.46214.18%
 
OFX: rate, rating & reviews
From amount:$10,000 USD
To amount:$15,011 NZD
Exchange Rate:1.5011
Total Cost:0.64% (against USD/NZD mid-rate: 1.5107)
Timestamp:
Rate Fetched: Wed Sep 19 2018 14:03:28 GMT+0000 (UTC)
Rating:
 
: 4.8/5.0
Reviews:
Wells Fargo Bank: rate, rating & reviews
From amount:$10,000 USD
To amount:$14,670 NZD
Exchange Rate:1.4696
Total Cost:2.89% (against USD/NZD mid-rate: 1.5107)
Difference:
$341 NZD less than using OFX
Timestamp:15:07 Local
Rating:
: /5.0
Reviews:
HSBC: rate, rating & reviews
From amount:$10,000 USD
To amount:$14,659 NZD
Exchange Rate:1.4681
Total Cost:2.97% (against USD/NZD mid-rate: 1.5107)
Difference:
$352 NZD less than using OFX
Timestamp:15:07 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 :
From amount:$10,000 USD
To amount:$14,569.75 NZD
Exchange Rate:1.4591
Total Cost:3.56% (against USD/NZD mid-rate: 1.5107)
Difference:
$441 NZD less than using OFX
Bank of America: rate, rating & reviews
From amount:$10,000 USD
To amount:$14,475 NZD
Exchange Rate:1.4621
Total Cost:4.18% (against USD/NZD mid-rate: 1.5107)
Difference:
$536 NZD less than using OFX
Timestamp:15:07 Local
Rating:
: /5.0
Reviews:
U.S. Bank: rate, rating & reviews
From amount:$10,000 USD
To amount:$14,475 NZD
Exchange Rate:1.4621
Total Cost:4.18% (against USD/NZD mid-rate: 1.5107)
Difference:
$536 NZD less than using OFX
Timestamp:15:07 Local
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Request a free multiple-vendor quote: Get Quotes
* Cost = exchange rate margin + fees vs USD/NZD mid-rate: 1.5107
Rates @ 09/19/2018
 

Major NZD cross rates


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

DateExchange RatePeriodChange
19 Sep 20180.6620Latest
12 Sep 20180.65601 Week+0.91%
20 Aug 20180.66401 Month-0.3%
23 Mar 20180.72316 Months-8.45%
19 Sep 20170.73131 Year-9.48%
19 Sep 20160.73032 Years-9.35%
20 Sep 20130.83715 Years-20.92%
21 Sep 20080.682610 Years-3.02%

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

DateExchange RatePeriodChange
19 Sep 20180.5666Latest
12 Sep 20180.56431 Week+0.41%
20 Aug 20180.57781 Month-1.94%
23 Mar 20180.58516 Months-3.16%
19 Sep 20170.60981 Year-7.08%
19 Sep 20160.65322 Years-13.26%
20 Sep 20130.61885 Years-8.44%
21 Sep 20080.475610 Years+19.13%

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

DateExchange RatePeriodChange
19 Sep 20180.5031Latest
12 Sep 20180.50291 Week+0.04%
20 Aug 20180.51861 Month-2.99%
23 Mar 20180.51166 Months-1.66%
19 Sep 20170.54111 Year-7.02%
19 Sep 20160.56002 Years-10.16%
20 Sep 20130.52285 Years-3.77%
21 Sep 20080.374610 Years+34.3%

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

DateExchange RatePeriodChange
19 Sep 201874.2829Latest
12 Sep 201872.96061 Week+1.81%
20 Aug 201873.00871 Month+1.75%
23 Mar 201875.73396 Months-1.92%
19 Sep 201781.60191 Year-8.97%
19 Sep 201674.43742 Years-0.21%
20 Sep 201383.09255 Years-10.6%
21 Sep 200873.206010 Years+1.47%

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

DateExchange RatePeriodChange
19 Sep 20180.9104Latest
12 Sep 20180.91481 Week-0.48%
20 Aug 20180.90511 Month+0.59%
23 Mar 20180.93956 Months-3.1%
19 Sep 20170.91341 Year-0.33%
19 Sep 20160.96852 Years-6%
20 Sep 20130.89015 Years+2.28%
21 Sep 20080.828510 Years+9.89%

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

DateExchange RatePeriodChange
19 Sep 20180.8565Latest
12 Sep 20180.85301 Week+0.41%
20 Aug 20180.86601 Month-1.1%
23 Mar 20180.93386 Months-8.28%
19 Sep 20170.89901 Year-4.73%
19 Sep 20160.96432 Years-11.18%
20 Sep 20130.86115 Years-0.53%
21 Sep 20080.721610 Years+18.69%

NZD News and Forecasts