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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=1.5372]

 
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 fell against the US dollar to a 6-month low of $0.651 in mid-May after the Reserve Bank of New Zealand cut interest rates to 1.5 percent.

The kiwi was also struggling against CAD, JPY and EUR, among other currencies, and wasn’t being helped by a significant escalation in US-China trade tensions which saw speculative capital leave New Zealand for safer pastures.

NZD is also suffering due to its high correlation with the Australian dollar — a currency also likely to be pressured by an interest rate cut in the coming months.

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.

 
Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Travel Money ProvidersAmount NZD($)Exchange RateFee USDTotal CostCurrency ServicesDelivery/CollectDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
1,441.1 NZD
Compare
1.441106.4%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
1,427 NZD
14 NZD
1.4411$107.33%Branch-
Wells Fargo Bank logo
1,412.28 NZD
29 NZD
1.4411$208.27%Branch-
Travelex Online US logo
1,374.5 NZD
67 NZD
1.37450^10.72%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:1.4411 (6.4% from mid-rate)
NZD amount:1,441.1 NZD
Total Cost:6.4%
Time:6:00 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:1.3472 (12.5% from mid-rate)
NZD amount:1,427 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:1.4411 (6.4% from mid-rate)
NZD amount:1,412.28 NZD
Total Cost:8.27%
Time:6:00 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:1.3745 (10.72% from mid-rate)
NZD amount:1,374.5 NZD
Total Cost:10.72%
Time:
Rate Fetched: Wed May 22 2019 04:15:03 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
05/22/2019
 

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? Request a Multi-Vendor Quote ▾
Foreign Transfer ProvidersReceive NZD($)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
OFX logo
15,221 NZD
Best Overall
1.52210^1.14%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
Wells Fargo Bank logo
14,904 NZD
317 NZD
1.4931183.2%Online, Branch, Bank Transfers2-3 days
HSBC logo
14,894 NZD
327 NZD
1.4916$153.26%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
14,803 NZD
418 NZD
1.4889153.85%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
14,706 NZD
515 NZD
1.4855$1004.48%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
14,706 NZD
515 NZD
1.4855$1004.48%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:1.5221 (1.14% from mid-rate)
NZD amount:15,221 NZD
Total Cost:1.14%
Time:
Rate Fetched: Wed May 22 2019 04:02:31 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:1.4931 (3.02% from mid-rate)
NZD amount:14,904 NZD
Total Cost:3.2%
Difference:
317 NZD less than using OFX
Time:6:00 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:1.4916 (3.12% from mid-rate)
NZD amount:14,894 NZD
Total Cost:3.26%
Difference:
327 NZD less than using OFX
Time:6:00 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:1.4825 (3.71% from mid-rate)
NZD amount:14,803 NZD
Total Cost:3.85%
Difference:
418 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:1.4855 (3.51% from mid-rate)
NZD amount:14,706 NZD
Total Cost:4.48%
Difference:
515 NZD less than using OFX
Time:6:00 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:1.4855 (3.51% from mid-rate)
NZD amount:14,706 NZD
Total Cost:4.48%
Difference:
515 NZD less than using OFX
Time:6:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
05/22/2019
 

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

PeriodChange*NZD/USDDate
1 Day-0.47%0.653820 May 2019
1 Week-0.97%0.657114 May 2019
1 Month-2.66%0.668521 Apr 2019
6 Months-4.45%0.681022 Nov 2018
1 Year-6.4%0.695221 May 2018
5 Years-24.04%0.856622 May 2014
10 Years+4.82%0.620823 May 2009

*For period to 21-May 21UTC when NZD/USD was 0.6507

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

PeriodChange*NZD/EURDate
1 Day-0.43%0.585420 May 2019
1 Week-0.61%0.586514 May 2019
1 Month-1.95%0.594521 Apr 2019
6 Months-2.39%0.597222 Nov 2018
1 Year-1.15%0.589721 May 2018
5 Years-7.08%0.627322 May 2014
10 Years+31.37%0.443723 May 2009

*For period to 21-May 21UTC when NZD/EUR was 0.5829

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

PeriodChange*NZD/GBPDate
1 Day-0.35%0.513720 May 2019
1 Week+0.55%0.509114 May 2019
1 Month-0.52%0.514621 Apr 2019
6 Months-3.2%0.528822 Nov 2018
1 Year-1.1%0.517621 May 2018
5 Years+0.81%0.507822 May 2014
10 Years+31.22%0.390123 May 2009

*For period to 21-May 21UTC when NZD/GBP was 0.5119

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

PeriodChange*NZD/AUDDate
1 Day+0.04%0.944820 May 2019
1 Week-0.2%0.947114 May 2019
1 Month+1.06%0.935321 Apr 2019
6 Months+0.64%0.939222 Nov 2018
1 Year+3.08%0.917021 May 2018
5 Years+1.8%0.928522 May 2014
10 Years+19.45%0.791323 May 2009

*For period to 21-May 21UTC when NZD/AUD was 0.9452

NZD/CAD - New Zealand Dollar to Canadian Dollar - Historical Rates

PeriodChange*NZD/CADDate
1 Day-0.66%0.877920 May 2019
1 Week-1.4%0.884514 May 2019
1 Month-2.53%0.894721 Apr 2019
6 Months-2.92%0.898322 Nov 2018
1 Year-1.82%0.888321 May 2018
5 Years-6.57%0.933422 May 2014
10 Years+25.01%0.697623 May 2009

*For period to 21-May 21UTC when NZD/CAD was 0.8721


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