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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=1.4789]

 
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 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 USD to NZD exchange rate and trend for the previous 3 months:

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 ProvidersAmount NZD($)Exchange RateFee USDTotal CostDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
1,382.3 NZD
Compare
1.382306.39%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
1,368 NZD
14 NZD
1.3823$107.33%
Wells Fargo Bank logo
1,354.65 NZD
28 NZD
1.3823$208.27%
Travelex Online US logo
1,318.4 NZD
64 NZD
1.31840^10.72%
 

U.S. Bank logoU.S. Bank

U.S. Bank: Travel Money USD→NZD
USD amount:$1,000 USD
Fee:0
Exchange Rate:1.3823 (6.39% from mid-rate)
NZD amount:1,382.3 NZD
Total Cost:6.39%
Time:18:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→NZD
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:1.2921 (12.5% from mid-rate)
NZD amount:1,368 NZD
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Travel Money USD→NZD
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:1.3823 (6.39% from mid-rate)
NZD amount:1,354.65 NZD
Total Cost:8.27%
Time:18:00 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:1.3184 (10.72% from mid-rate)
NZD amount:1,318.4 NZD
Total Cost:10.72%
Time:
Rate Fetched: Mon Jul 22 2019 16:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 07/22/2019 - See full table
 

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 Transfer ProvidersReceive NZD($)Exchange RateFee USDTotal CostDeal Links
OFX logo
14,649 NZD
Best Overall
1.46490^0.8%
Wells Fargo Bank logo
14,209 NZD
440 NZD
1.4235183.78%
HSBC logo
14,200 NZD
449 NZD
1.4221$153.84%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
14,113 NZD
536 NZD
1.4196154.43%
Bank of America International Money Transfers
Bank of America logo
14,021 NZD
628 NZD
1.4163$1005.05%
U.S. Bank International Money Transfers
U.S. Bank logo
14,021 NZD
628 NZD
1.4163$1005.05%
 
OFX: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.4649 (0.8% from mid-rate)
NZD amount:14,649 NZD
Total Cost:0.8%
Time:
Rate Fetched: 18:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:18
Exchange Rate:1.4235 (3.6% from mid-rate)
NZD amount:14,209 NZD
Total Cost:3.78%
Difference:
440 NZD less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:1.4221 (3.7% from mid-rate)
NZD amount:14,200 NZD
Total Cost:3.84%
Difference:
449 NZD less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:15
Exchange Rate:1.4134 (4.29% from mid-rate)
NZD amount:14,113 NZD
Total Cost:4.43%
Difference:
536 NZD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logoBank of America

Bank of America: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.4163 (4.09% from mid-rate)
NZD amount:14,021 NZD
Total Cost:5.05%
Difference:
628 NZD less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Foreign Transfer USD→NZD
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.4163 (4.09% from mid-rate)
NZD amount:14,021 NZD
Total Cost:5.05%
Difference:
628 NZD less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 07/22/2019 - See full table
 

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

PeriodChange*NZD/USDDate
1 Day-0.19%0.677718 Jul 2019
1 Week+1.03%0.669512 Jul 2019
1 Month+3.2%0.655419 Jun 2019
6 Months+0.36%0.674020 Jan 2019
1 Year+0.25%0.674719 Jul 2018
5 Years-21.91%0.866220 Jul 2014
10 Years+3.13%0.655921 Jul 2009

*For period to 19-Jul 21UTC when NZD/USD was 0.6764

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

PeriodChange*NZD/EURDate
1 Day+0.13%0.601818 Jul 2019
1 Week+1.55%0.593412 Jul 2019
1 Month+3.31%0.583319 Jun 2019
6 Months+1.62%0.593020 Jan 2019
1 Year+4.09%0.578919 Jul 2018
5 Years-5.44%0.637320 Jul 2014
10 Years+30.46%0.461921 Jul 2009

*For period to 19-Jul 21UTC when NZD/EUR was 0.6026

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

PeriodChange*NZD/GBPDate
1 Day+0.15%0.540318 Jul 2019
1 Week+1.62%0.532512 Jul 2019
1 Month+4.48%0.517919 Jun 2019
6 Months+3.18%0.524420 Jan 2019
1 Year+4.44%0.518119 Jul 2018
5 Years+6.01%0.510420 Jul 2014
10 Years+35.55%0.399221 Jul 2009

*For period to 19-Jul 21UTC when NZD/GBP was 0.5411

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

PeriodChange*NZD/AUDDate
1 Day+0.25%0.958818 Jul 2019
1 Week+0.8%0.953612 Jul 2019
1 Month+0.99%0.951819 Jun 2019
6 Months+2.15%0.941020 Jan 2019
1 Year+4.89%0.916419 Jul 2018
5 Years+3.86%0.925520 Jul 2014
10 Years+19.27%0.805921 Jul 2009

*For period to 19-Jul 21UTC when NZD/AUD was 0.9612

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