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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=1.4754]

 
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

22-December-18: Of late, the 2019 outlook for the New Zealand dollar has taken a turn for the worse. Late in 2018, traders began to speculate that the next move by the RBNZ (probably still a year away or more) might be a rate cut, rather than a hike. A slowdown in global growth was expected and traders sought safer currencies amid a 20 percent October-December fall in US equity markets. December’s NZ GDP report also came in way below economists’ expectations.

In the weeks leading up to this report, the kiwi lost close to 4 percent of its value against both the US dollar and euro, to respective rates of $0.67 and €0.59, and it lost 5.5 percent against the yen, to ¥74.55. Year-to-date values versus the dollar, euro and yen at the time of writing were -5.4, -0.2 and -6.7 percent respectively.

In December, the team at TradingEconomics.com were forecasting NZD/USD 4.4 percent lower 12 months ahead, at $0.64.

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.

 

Travel Money - Exchange Rate Comparison

Travel Money Providers
Ratings & Reviews
Amount NZD($)Exchange RateFee USDTotal CostCurrency ServicesDelivery/CollectDeal Links
Wells Fargo Bank logo
1,379.55 NZD
Value & Rating
1.4077$206.38%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
1,379 NZD
$0.55 less
1.3935$106.38%Branch-
U.S. Bank
U.S. Bank logo
1,379.3 NZD
$0.25 less
1.379306.39%Branch-
 
Travelex Online US logo
1,340.2 NZD
$39 less
1.34020^9.05%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:1.4077 (4.47% from mid-rate)
NZD amount:1,379.55 NZD
Total Cost:6.38%
Time:18:07 Local
Currency Services:Branch
Delivery/Collect:-
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:1.2893 (12.5% from mid-rate)
NZD amount:1,379 NZD
Total Cost:6.38%
Currency Services:Branch
Delivery/Collect:-
U.S. Bank: Travel Money USD→NZD
USD amount:$1,000 USD
Fee:0
Exchange Rate:1.3793 (6.39% from mid-rate)
NZD amount:1,379.3 NZD
Total Cost:6.39%
Time:18:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travelex Online US: Travel Money USD→NZD
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:1.3402 (9.05% from mid-rate)
NZD amount:1,340.2 NZD
Total Cost:9.05%
Time:
Rate Fetched: Wed Jan 16 2019 16:15:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
 

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!

 

Foreign Transfers - Exchange Rate Comparison

Foreign Transfer Providers
Ratings & Reviews
Receive NZD($)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
14,588 NZD
Value & Rating
1.45880^1%Bank Transfers - Online & Phone1-2 days
 
WorldFirst logo
14,581 NZD
$7 less
1.458101.05%Bank Transfers - Online & Phone1-2 days
Wells Fargo Bank logo
14,285 NZD
$303 less
1.4311183.05%Online, Branch, Bank Transfers2-3 days
HSBC logo
14,275 NZD
$313 less
1.4296$153.12%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
14,188 NZD
$400 less
1.4271153.71%Online, Branch, Bank Transfers2-3 days
Bank of America
Bank of America logo
14,096 NZD
$492 less
1.4238$1004.34%Online, Branch, Bank Transfers2-3 days
U.S. Bank
U.S. Bank logo
14,096 NZD
$492 less
1.4238$1004.34%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.4588 (1% from mid-rate)
NZD amount:14,588 NZD
Total Cost:1%
Time:
Rate Fetched: Wed Jan 16 2019 16:02:35 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
WorldFirst: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:
Exchange Rate:1.4581 (1.05% from mid-rate)
NZD amount:14,581 NZD
Total Cost:1.05%
Difference:
$7 less than using OFX
Time:18:07 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.6/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:18
Exchange Rate:1.4311 (2.88% from mid-rate)
NZD amount:14,285 NZD
Total Cost:3.05%
Difference:
$303 less than using OFX
Time:18:07 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:1.4296 (2.98% from mid-rate)
NZD amount:14,275 NZD
Total Cost:3.12%
Difference:
$313 less than using OFX
Time:18:07 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:1.4209 (3.57% from mid-rate)
NZD amount:14,188 NZD
Total Cost:3.71%
Difference:
$400 less than using OFX
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:1.4238 (3.37% from mid-rate)
NZD amount:14,096 NZD
Total Cost:4.34%
Difference:
$492 less than using OFX
Time:18:07 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:1.4238 (3.37% from mid-rate)
NZD amount:14,096 NZD
Total Cost:4.34%
Difference:
$492 less than using OFX
Time:18:07 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
 

Popular NZD cross rates


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

DateExchange RatePeriodChange
16 Jan 20190.6785Latest
09 Jan 20190.67891 Week-0.06%
17 Dec 20180.68071 Month-0.32%
20 Jul 20180.68056 Months-0.29%
16 Jan 20180.72661 Year-6.62%
16 Jan 20170.71002 Years-4.44%
17 Jan 20140.82565 Years-17.82%
18 Jan 20090.547710 Years+23.88%

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

DateExchange RatePeriodChange
16 Jan 20190.5950Latest
09 Jan 20190.58761 Week+1.26%
17 Dec 20180.59971 Month-0.78%
20 Jul 20180.58006 Months+2.59%
16 Jan 20180.59211 Year+0.49%
16 Jan 20170.66962 Years-11.14%
17 Jan 20140.60975 Years-2.41%
18 Jan 20090.412210 Years+44.35%

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

DateExchange RatePeriodChange
16 Jan 20190.5274Latest
09 Jan 20190.53041 Week-0.57%
17 Dec 20180.53961 Month-2.26%
20 Jul 20180.51816 Months+1.8%
16 Jan 20180.52661 Year+0.15%
16 Jan 20170.58972 Years-10.56%
17 Jan 20140.50275 Years+4.91%
18 Jan 20090.369210 Years+42.85%

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

DateExchange RatePeriodChange
16 Jan 201973.8179Latest
09 Jan 201973.44801 Week+0.5%
17 Dec 201876.80631 Month-3.89%
20 Jul 201875.81576 Months-2.64%
16 Jan 201880.21661 Year-7.98%
16 Jan 201781.04622 Years-8.92%
17 Jan 201486.16635 Years-14.33%
18 Jan 200949.588410 Years+48.86%

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

DateExchange RatePeriodChange
16 Jan 20190.9447Latest
09 Jan 20190.94621 Week-0.16%
17 Dec 20180.94841 Month-0.39%
20 Jul 20180.91796 Months+2.92%
16 Jan 20180.91161 Year+3.63%
16 Jan 20170.95022 Years-0.58%
17 Jan 20140.94025 Years+0.48%
18 Jan 20090.817010 Years+15.63%

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

DateExchange RatePeriodChange
16 Jan 20190.8990Latest
09 Jan 20190.89711 Week+0.21%
17 Dec 20180.91301 Month-1.53%
20 Jul 20180.89496 Months+0.46%
16 Jan 20180.90291 Year-0.43%
16 Jan 20170.93552 Years-3.9%
17 Jan 20140.90465 Years-0.62%
18 Jan 20090.681010 Years+32.01%

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