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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=1.4539]

 
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

26-February-19: The New Zealand dollar has been among the best performers in early 2019: at the time of writing, it was showing a 3 percent year-to-date gain versus the US dollar (US$0.69), bettered within G10 FX only by the Canadian dollar and pound.

The kiwi’s upside might be limited over the coming 6-12 months due to a somewhat disappointing outlook for interest rates in New Zealand.

In February, the RBNZ said it would maintain rates at current levels this year and next, which was taken as a big positive at the time since a rate cut had partly been priced in. When considered against the hikes that are likely in Canada, the US, Europe, Scandinavia and many emerging market economies, steady NZ rates might also be to NZD's detriment.

In February, Radobank predicted NZD/USD 4 percent lower at US$0.66 before the end of May.

An RBC analyst also suggested betting against the kiwi. The analyst pointed to the RBNZ's previous form when it comes to U-turns on policy guidance.

In addition, watchers of NZD should not underestimate how highly correlated the currency is with the Australian dollar, which is tied to an even worse monetary policy outlook and which might suffer an 8-10 percent decline this year, per some currency forecasters.

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.

 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Travel Money Providers
Ratings & Reviews
Amount NZD($)Exchange RateFee USDTotal CostCurrency ServicesDelivery/CollectDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
1,360.9 NZD
1.360906.4%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
1,347 NZD
14 NZD
1.3609$107.33%Branch-
Wells Fargo Bank logo
1,333.68 NZD
27 NZD
1.3609$208.27%Branch-
 
Travelex Online US logo
1,300.8 NZD
60 NZD
1.30080^10.53%Online order, Branch pickup, Home delivery2-3 days
 

U.S. Bank logoU.S. Bank

U.S. Bank: Travel Money USD→NZD
USD amount:$1,000 USD
Fee:0
Exchange Rate:1.3609 (6.4% from mid-rate)
NZD amount:1,360.9 NZD
Total Cost:6.4%
Time:6:06 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:1.2722 (12.5% from mid-rate)
NZD amount:1,347 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:1.3609 (6.4% from mid-rate)
NZD amount:1,333.68 NZD
Total Cost:8.27%
Time:6:06 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:1.3008 (10.53% from mid-rate)
NZD amount:1,300.8 NZD
Total Cost:10.53%
Time:
Rate Fetched: Sat Mar 23 2019 04:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
 

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 foreign transfer? Shop-around with multiple providers: Get Quotes
Foreign Transfer Providers
Ratings & Reviews
Receive NZD($)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
14,321 NZD
Best Overall
1.43210^1.5%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
Wells Fargo Bank logo
14,023 NZD
298 NZD
1.4048183.55%Online, Branch, Bank Transfers2-3 days
HSBC logo
14,013 NZD
308 NZD
1.4034$153.62%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
13,928 NZD
393 NZD
1.4009154.21%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
13,837 NZD
484 NZD
1.3977$1004.83%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
13,837 NZD
484 NZD
1.3977$1004.83%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:1.4321 (1.5% from mid-rate)
NZD amount:14,321 NZD
Total Cost:1.5%
Time:
Rate Fetched: Sat Mar 23 2019 04:02:32 GMT+0000 (UTC)
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:1.4048 (3.38% from mid-rate)
NZD amount:14,023 NZD
Total Cost:3.55%
Difference:
298 NZD less than using OFX
Time:6:06 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:1.4034 (3.47% from mid-rate)
NZD amount:14,013 NZD
Total Cost:3.62%
Difference:
308 NZD less than using OFX
Time:6:06 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:1.3948 (4.06% from mid-rate)
NZD amount:13,928 NZD
Total Cost:4.21%
Difference:
393 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:1.3977 (3.87% from mid-rate)
NZD amount:13,837 NZD
Total Cost:4.83%
Difference:
484 NZD less than using OFX
Time:6:06 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:1.3977 (3.87% from mid-rate)
NZD amount:13,837 NZD
Total Cost:4.83%
Difference:
484 NZD less than using OFX
Time:6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
 

Popular NZD cross rates


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

DateExchange RatePeriodChange
22 Mar 20190.6880Latest
15 Mar 20190.68541 Week+0.38%
20 Feb 20190.68571 Month+0.34%
23 Sep 20180.66836 Months+2.95%
22 Mar 20180.72171 Year-4.67%
22 Mar 20170.70392 Years-2.26%
23 Mar 20140.85365 Years-19.4%
24 Mar 20090.565410 Years+21.68%

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

DateExchange RatePeriodChange
22 Mar 20190.6097Latest
15 Mar 20190.60471 Week+0.83%
20 Feb 20190.60441 Month+0.88%
23 Sep 20180.56886 Months+7.19%
22 Mar 20180.58561 Year+4.12%
22 Mar 20170.65232 Years-6.53%
23 Mar 20140.61905 Years-1.5%
24 Mar 20090.419010 Years+45.51%

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

DateExchange RatePeriodChange
22 Mar 20190.5209Latest
15 Mar 20190.51501 Week+1.15%
20 Feb 20190.52571 Month-0.91%
23 Sep 20180.51096 Months+1.96%
22 Mar 20180.51141 Year+1.86%
22 Mar 20170.56442 Years-7.71%
23 Mar 20140.51795 Years+0.58%
24 Mar 20090.384910 Years+35.33%

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

DateExchange RatePeriodChange
22 Mar 201975.5892Latest
15 Mar 201976.37111 Week-1.02%
20 Feb 201975.94801 Month-0.47%
23 Sep 201875.20516 Months+0.51%
22 Mar 201875.75031 Year-0.21%
22 Mar 201778.39222 Years-3.58%
23 Mar 201487.27375 Years-13.39%
24 Mar 200955.400710 Years+36.44%

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

DateExchange RatePeriodChange
22 Mar 20190.9710Latest
15 Mar 20190.96661 Week+0.46%
20 Feb 20190.95661 Month+1.51%
23 Sep 20180.91856 Months+5.72%
22 Mar 20180.93791 Year+3.53%
22 Mar 20170.91802 Years+5.77%
23 Mar 20140.93855 Years+3.46%
24 Mar 20090.809410 Years+19.97%

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

DateExchange RatePeriodChange
22 Mar 20190.9228Latest
15 Mar 20190.91451 Week+0.91%
20 Feb 20190.90321 Month+2.17%
23 Sep 20180.86316 Months+6.92%
22 Mar 20180.93331 Year-1.13%
22 Mar 20170.93862 Years-1.68%
23 Mar 20140.95835 Years-3.7%
24 Mar 20090.694010 Years+32.97%

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