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Foreign Exchange Guide to New Zealand

Read this currency guide to New Zealand with money transfer and travel tips.

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

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

In this guide we review :

  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.

New Zealand dollar (NZD) general currency information


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.

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.


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-July (the time of this report), not only against the greenback, against which it slumped nearly 9 percent to $0.676, but also to lesser extents against the yen (¥75.99), Australian dollar (A$0.912) and Canadian dollar (C$0.891).

ING said in July that inflation data (to be released on July-17) would “set the tone for…NZD dynamics over the coming months.” Inflation was forecast at an annualized 1.6 percent (the RBNZ would prefer 2 percent); consequently, markets had long priced-in a near-zero probability of an NZ interest rate hike this year.

In the absence of a positive inflation surprise (one was highly unlikely according to a report by ANZ), the kiwi will remain vulnerable. ING even suggested a potential move in NZD/USD to 0.65 – a rate unseen since early 2016.

The interactive chart below shows the NZD to USD 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.


NZD-USD 3 Month chart
NZD-USD 3 Month chart
NZDUSD 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.

Travel Money Exchange Rates Compared

Buying NZD Cash with USD 1,000

Travelex US Online logo Travelex US Online
1USD=1.3114NZD
$1311.40 NZD (11.36%)
Free Home Delivery when you Buy Online Travel Money & Cards with $0 commission and great exchange rates only available from Travelex Online. Zero cost for Home Delivery or pickup your foreign cash at your local Travelex store or at the airport on departure day. * Home deliveries can only be made to the registered billing address of your chosen payment method.
Price Details
Receive: $1311.40 NZD
Exchange Rate: 1.3114
(Inverse 1NZD=USD 0.7625)
Fees: USD 0
Total Cost : 11.36% (from mid-rate: 1.4794)
Amount of money that could be received by your currency exchange at rate USD/NZD=1.3114 and inclusive of the fee of USD 0.
Rate timestamp : Wed Jul 18 2018 06:00:04 GMT+0000 (UTC)
Bank Rates - Average
1USD=1.2945NZD
$1281.56 NZD (13.37%)
This is the average USD to NZD Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: $1281.56 NZD
Exchange Rate: 1.2945
(Inverse 1NZD=USD 0.7725)
Fees: USD 10 (1%)
Total Cost : 13.37% (from mid-rate: 1.4794)
Receive NZD $30 less than with  Travelex US Online logo Travelex US Online
Amount of money that could be received by your currency exchange at rate USD/NZD=1.2945 and inclusive of the fee of USD 10 (1%).

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!

 
Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending USD 10,000 to NZD

OFX logo OFX
1USD=1.4696NZD
$14,696 NZD (0.66%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: $14,696 NZD
Exchange Rate: 1.4696
(Inverse 1NZD=USD 0.6805)
Fees: USD 0
Total Cost : 0.66% (from mid-rate: 1.4794)
This is the amount of money that could be received by your transfer at rate USD/NZD=1.4696 and inclusive of the fee of USD 0.
Rate timestamp : Wed Jul 18 2018 06:03:27 GMT+0000 (UTC)
Bank Rates - Average
1USD=1.4256NZD
$14,235 NZD (3.78%)
This is the average USD to NZD International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: $14,235 NZD
Exchange Rate: 1.4256
(Inverse 1NZD=USD 0.7015)
Fees: USD 15
Total Cost : 3.78% (from mid-rate: 1.4794)
Receive NZD $461 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate USD/NZD=1.4256 and inclusive of the fee of USD 15.
 

New Zealand dollar - exchange rates - live and historic

Major NZD cross rates
View Full List (A-Z)
1NZD=

NZD/USD - New Zealand dollar to U.S. dollar - 10 Year History

DateExchange RatePeriodChange
17 Jul 20180.6788Latest
10 Jul 20180.68171 Week-0.43%
17 Jun 20180.69371 Month-2.15%
18 Jan 20180.72956 Months-6.95%
17 Jul 20170.72781 Year-6.73%
17 Jul 20160.70752 Years-4.06%
18 Jul 20130.78995 Years-14.07%
19 Jul 20080.762310 Years-10.95%

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

DateExchange RatePeriodChange
17 Jul 20180.5819Latest
10 Jul 20180.58121 Week+0.12%
17 Jun 20180.59841 Month-2.76%
18 Jan 20180.59626 Months-2.4%
17 Jul 20170.63431 Year-8.26%
17 Jul 20160.63972 Years-9.04%
18 Jul 20130.60235 Years-3.39%
19 Jul 20080.481510 Years+20.85%

NZD/GBP - New Zealand dollar to British pound sterling - 10 Year History

DateExchange RatePeriodChange
17 Jul 20180.5160Latest
10 Jul 20180.51421 Week+0.35%
17 Jun 20180.52261 Month-1.26%
18 Jan 20180.52516 Months-1.73%
17 Jul 20170.55761 Year-7.46%
17 Jul 20160.53392 Years-3.35%
18 Jul 20130.52015 Years-0.79%
19 Jul 20080.381910 Years+35.11%

NZD/JPY - New Zealand dollar to Japanese yen - 10 Year History

DateExchange RatePeriodChange
17 Jul 201876.5781Latest
10 Jul 201875.56641 Week+1.34%
17 Jun 201876.75461 Month-0.23%
18 Jan 201880.99976 Months-5.46%
17 Jul 201781.95021 Year-6.56%
17 Jul 201674.59142 Years+2.66%
18 Jul 201379.06785 Years-3.15%
19 Jul 200881.472410 Years-6.01%

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

DateExchange RatePeriodChange
17 Jul 20180.9185Latest
10 Jul 20180.91921 Week-0.08%
17 Jun 20180.93241 Month-1.49%
18 Jan 20180.91126 Months+0.8%
17 Jul 20170.93431 Year-1.69%
17 Jul 20160.93122 Years-1.36%
18 Jul 20130.85935 Years+6.89%
19 Jul 20080.784410 Years+17.1%

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

DateExchange RatePeriodChange
17 Jul 20180.8962Latest
10 Jul 20180.89601 Week+0.02%
17 Jun 20180.91581 Month-2.14%
18 Jan 20180.90546 Months-1.02%
17 Jul 20170.92401 Year-3.01%
17 Jul 20160.91672 Years-2.24%
18 Jul 20130.82075 Years+9.2%
19 Jul 20080.766710 Years+16.89%

New Zealand dollar News