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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=1.5859]

 
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 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 $.


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
1,482.9 NZD
Compare
1.482906.39%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
1,468 NZD
15 NZD
1.4829$107.33%
Wells Fargo Bank logo
1,453.24 NZD
30 NZD
1.4829$208.27%
Travelex Online US logo
1,411.2 NZD
72 NZD
1.41120^10.92%
 

U.S. Bank logo

U.S. Bank: Travel Money USD→NZD
From Amount:1,000 USD
Fee:0
Exchange Rate:1.4829 (6.39% from mid-rate)
To Amount:1,482.9 NZD
Total Cost:6.39%
Time:6:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→NZD
From Amount:1,000 USD
Fee:$10 USD (1%)
Exchange Rate:1.3862 (12.5% from mid-rate)
To Amount:1,468 NZD
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logo

Wells Fargo Bank: Travel Money USD→NZD
From Amount:1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:1.4829 (6.39% from mid-rate)
To Amount:1,453.24 NZD
Total Cost:8.27%
Time:6:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Travelex Online US logo

Travelex Online US: Travel Money USD→NZD
From Amount:1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:1.4112 (10.92% from mid-rate)
To Amount:1,411.2 NZD
Total Cost:10.92%
Time:
Rate Fetched: Thu Sep 19 2019 06:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 09/19/2019 - 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
15,715 NZD
Best Overall
1.57150^0.8%
XE logo
15,644 NZD
71 NZD
1.564401.25%
Wells Fargo Bank logo
15,253 NZD
462 NZD
1.5281183.72%
HSBC logo
15,243 NZD
472 NZD
1.5266$153.78%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
15,150 NZD
565 NZD
1.5238154.37%
Bank of America International Money Transfers
Bank of America logo
15,051 NZD
664 NZD
1.5203$1004.99%
U.S. Bank International Money Transfers
U.S. Bank logo
15,051 NZD
664 NZD
1.5203$1004.99%
 

OFX logo

OFX: Foreign Transfer USD→NZD
From Amount:10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:1.5715 (0.8% from mid-rate)
To Amount:15,715 NZD
Total Cost:0.8%
Time:
Rate Fetched: 6:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

XE logo

XE: Foreign Transfer USD→NZD
From Amount:10,000 USD
Fee:
Exchange Rate:1.5644 (1.25% from mid-rate)
To Amount:15,644 NZD
Total Cost:1.25%
Difference:
71 NZD less than using OFX
Time:6:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

Wells Fargo Bank logo

Wells Fargo Bank: Foreign Transfer USD→NZD
From Amount:10,000 USD
Fee:18
Exchange Rate:1.5281 (3.54% from mid-rate)
To Amount:15,253 NZD
Total Cost:3.72%
Difference:
462 NZD less than using OFX
Time:6:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer USD→NZD
From Amount:10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:1.5266 (3.64% from mid-rate)
To Amount:15,243 NZD
Total Cost:3.78%
Difference:
472 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
From Amount:10,000 USD
Fee:15
Exchange Rate:1.5172 (4.23% from mid-rate)
To Amount:15,150 NZD
Total Cost:4.37%
Difference:
565 NZD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logo

Bank of America: Foreign Transfer USD→NZD
From Amount:10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.5203 (4.03% from mid-rate)
To Amount:15,051 NZD
Total Cost:4.99%
Difference:
664 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 logo

U.S. Bank: Foreign Transfer USD→NZD
From Amount:10,000 USD
Fee:$100 USD (1%)
Exchange Rate:1.5203 (4.03% from mid-rate)
To Amount:15,051 NZD
Total Cost:4.99%
Difference:
664 NZD less than using OFX
Time:6:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 09/19/2019 - See full table
 

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

PeriodChange*NZD/USDDate
1 Day-0.6%0.636017 Sep 2019
7 Day-1.6%0.642211 Sep 2019
30 Day-1.3%0.640519 Aug 2019
3 Month-4%0.658220 Jun 2019
1 Year-4.1%0.658718 Sep 2018
5 Year-22.3%0.812919 Sep 2014
10 Year-11%0.710020 Sep 2009

*For period to 18-Sep 21UTC when NZD/USD was 0.6319

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

PeriodChange*NZD/EURDate
1 Day-0.3%0.574417 Sep 2019
7 Day-1.7%0.583111 Sep 2019
30 Day-0.9%0.578019 Aug 2019
3 Month-1.7%0.582720 Jun 2019
1 Year+1.6%0.564118 Sep 2018
5 Year-9.6%0.633619 Sep 2014
10 Year+18.7%0.482620 Sep 2009

*For period to 18-Sep 21UTC when NZD/EUR was 0.5729

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

PeriodChange*NZD/GBPDate
1 Day-0.5%0.508817 Sep 2019
7 Day-2.7%0.520611 Sep 2019
30 Day-4.1%0.528119 Aug 2019
3 Month-2.2%0.517920 Jun 2019
1 Year+1.2%0.500318 Sep 2018
5 Year+1.4%0.499119 Sep 2014
10 Year+16.3%0.435520 Sep 2009

*For period to 18-Sep 21UTC when NZD/GBP was 0.5063

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

PeriodChange*NZD/AUDDate
1 Day-0.1%0.926417 Sep 2019
7 Day-0.9%0.934011 Sep 2019
30 Day-2.4%0.948119 Aug 2019
3 Month-2.6%0.951020 Jun 2019
1 Year+1.5%0.911718 Sep 2018
5 Year+1.7%0.910719 Sep 2014
10 Year+13.2%0.818020 Sep 2009

*For period to 18-Sep 21UTC when NZD/AUD was 0.9258

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