Foreign Exchange Guide to New Zealand

This currency guide to New Zealand helps you choose the best way to save money on NZD transfers and travel money.    [USD/NZD=1.5125]

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

This is a foreign exchange guide to New Zealand, the New Zealand Dollar currency plus sending 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 NZ$.


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 threat of proxy war between the US and Iran in Iraq has pared back some of the gains the Kiwi had made coming into the New Year.

In December the New Zealand dollar has climbed back to US$0.66 it's highest value since July.

Against the Australian dollar, jumped to A$0.96 after being as low as A$0.92 in early November before starting a strong recovery upto current levels above A$0.95.

Robbing New Zealand's currency of better gains in 2019 have been 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 NZ dollar news and forecasts.

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:

ALERT: 14-DAY HIGHS 🔔 |
USD/NZD at 1.512 is trading 1.9% below the 90-day average 1.5418 with a range 1.4855 to 1.5895. ALERT: USD/NZD has risen to 14-DAY HIGHS.
17-Jan-2020 16:NY 21:LON 08:SYD+1d

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(NZ$)Exchange RateFee USDTotal CostDeal Links
Banks - Average Rate Foreign Currency
NZ$1,310.17
Compare
1.3234U$1013.38%
 
Banks - Average Rate
Travel Money USD→NZD
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:1.3234 (12.5% from mid-rate)
To Amount (NZD) NZ$1,310.17
Total Cost:13.38%
Currency Services:Branch
Delivery/Collect:-
 
Snapshot 01/18/2020 - 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!

 
  

USD to NZD International Money Transfers

  

Foreign Transfer ProvidersReceive NZD(NZ$)Exchange RateFee USDTotal CostDeal Links
XE logo
NZ$14,936
Best Overall
1.493601.25%
OFX logo
NZ$15,004
NZ$68 more
1.50040^0.8%
Wells Fargo Bank logo
NZ$14,484
NZ$452 less
1.451184.24%
HSBC logo
NZ$14,473
NZ$463 less
1.4495U$154.31%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
NZ$14,385
NZ$551 less
1.4469154.89%
Bank of America International Money Transfers
Bank of America logo
NZ$14,292
NZ$644 less
1.4436U$1005.51%
U.S. Bank International Money Transfers
U.S. Bank logo
NZ$14,292
NZ$644 less
1.4436U$1005.51%
 
XE logo
XE: Foreign Transfer USD→NZD
From Amount (USD)U$10,000
Fee:
Exchange Rate:1.4936 (1.25% from mid-rate)
To Amount (NZD) NZ$14,936
Total Cost:1.25%
Time:6:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer USD→NZD
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.5004 (0.8% from mid-rate)
To Amount (NZD) NZ$15,004
Total Cost:0.8%
Difference:
NZ$68 NZD more than using XE
Time:
Rate Fetched: 6:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→NZD
From Amount (USD)U$10,000
Fee:18
Exchange Rate:1.4510 (4.07% from mid-rate)
To Amount (NZD) NZ$14,484
Total Cost:4.24%
Difference:
NZ$452 NZD less than using XE
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→NZD
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:1.4495 (4.17% from mid-rate)
To Amount (NZD) NZ$14,473
Total Cost:4.31%
Difference:
NZ$463 NZD less than using XE
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→NZD
From Amount (USD)U$10,000
Fee:15
Exchange Rate:1.4406 (4.75% from mid-rate)
To Amount (NZD) NZ$14,385
Total Cost:4.89%
Difference:
NZ$551 NZD less than using XE
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of America logo
Bank of America: Foreign Transfer USD→NZD
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:1.4436 (4.56% from mid-rate)
To Amount (NZD) NZ$14,292
Total Cost:5.51%
Difference:
NZ$644 NZD less than using XE
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→NZD
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:1.4436 (4.56% from mid-rate)
To Amount (NZD) NZ$14,292
Total Cost:5.51%
Difference:
NZ$644 NZD less than using XE
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/18/2020 - See full table
 

New Zealand Dollar to United States Dollar - Historical Rates

PeriodChange*NZD/USDDate
1 Day-0.3%0.663716 Jan 2020
7 Day-0.3%0.663610 Jan 2020
30 Day+0.5%0.658418 Dec 2019
3 Month+3.6%0.638519 Oct 2019
1 Year-2.2%0.676317 Jan 2019
5 Year-15%0.778518 Jan 2015
10 Year-10.2%0.736619 Jan 2010

*For period to 17-Jan 21UTC when NZD/USD was 0.6614

New Zealand Dollar to Euro - Historical Rates

PeriodChange*NZD/EURDate
7 Day-0.1%0.596710 Jan 2020
30 Day+0.7%0.592318 Dec 2019
3 Month+4.3%0.571619 Oct 2019
1 Year+0.4%0.593717 Jan 2019
5 Year-11.4%0.673218 Jan 2015
10 Year+15.6%0.515619 Jan 2010

*For period to 17-Jan 21UTC when NZD/EUR was 0.5962

New Zealand Dollar to British Pound Sterling - 10 Year History

PeriodChange*NZD/GBPDate
1 Day+0.2%0.507516 Jan 2020
7 Day+0.1%0.507910 Jan 2020
30 Day+1%0.503218 Dec 2019
3 Month+3.3%0.491919 Oct 2019
1 Year-2.4%0.520917 Jan 2019
5 Year-1.2%0.514618 Jan 2015
10 Year+12.9%0.450319 Jan 2010

*For period to 17-Jan 21UTC when NZD/GBP was 0.5083

New Zealand Dollar to Australian Dollar - Historical Rates

PeriodChange*NZD/AUDDate
7 Day0%0.961510 Jan 2020
30 Day+0.1%0.960418 Dec 2019
3 Month+3.3%0.931519 Oct 2019
1 Year+2.2%0.940717 Jan 2019
5 Year+1.7%0.946118 Jan 2015
10 Year+20.4%0.798719 Jan 2010

*For period to 17-Jan 21UTC when NZD/AUD was 0.9618

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