New Zealand - NZ Dollar - Currency Guide

This is a currency guide to New Zealand, the NZ Dollar currency plus sending (NZD) transfers and travel tips for New Zealand.

 
 
CountryNew Zealand
FlagNew Zealand
Country CodeNZ
Domestic Currency NZ Dollar
Currency SymbolNZ$
Currency CodeNZD
Exchange RateNZD/USD = 0.6302
Telephone Prefix+64

Quick Conversions from NZ Dollar to US Dollar

NZD

USD

NZ$ 1
U$ 0.6302
NZ$ 5
U$ 3.1510
NZ$ 10
U$ 6.3020
NZ$ 20
U$ 12.60
NZ$ 50
U$ 31.51
NZ$ 100
U$ 63.02
NZ$ 250
U$ 157.55
NZ$ 500
U$ 315.10
NZ$ 1,000
U$ 630.20
NZ$ 2,000
U$ 1,260
NZ$ 5,000
U$ 3,151
NZ$ 10,000
U$ 6,302
NZ$ 50,000
U$ 31,510
NZ$ 100,000
U$ 63,020
More amounts

NZD

USD

NZ$ 1.5867
U$ 1
NZ$ 7.9335
U$ 5
NZ$ 15.87
U$ 10
NZ$ 31.73
U$ 20
NZ$ 79.34
U$ 50
NZ$ 158.67
U$ 100
NZ$ 396.68
U$ 250
NZ$ 793.35
U$ 500
NZ$ 1,587
U$ 1,000
NZ$ 3,173
U$ 2,000
NZ$ 7,934
U$ 5,000
NZ$ 15,867
U$ 10,000
NZ$ 79,335
U$ 50,000
NZ$ 158,670
U$ 100,000
More amounts

To calculate specific NZD/USD amounts use our Convert NZD to USD quick calculator. To read more about the latest exchange rate trends and to compare FX provider rates view NZD to USD Rate Guide.

New Zealand Currency Info

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.


Frequently Asked Questions


What currency should I use in New Zealand?

The domestic currency in New Zealand is the NZ Dollar.

What is the NZ Dollar currency code and symbol?

The three letter currency code for the NZ Dollar is NZD — symbol is NZ$.

Which countries use the NZ Dollar?

It is the domestic currency in New Zealand, Cook Islands, Niue, Pitcairn and Tokelau.

Is the NZ Dollar a closed currency?

No, the NZ Dollar is freely available and convertible. See guide: What is a closed currency?


NZ Dollar (NZD) in the markets

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The threat of proxy war between the US and Iran in Iraq also 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 Forecasts.

The interactive chart below shows the NZD to USD exchange rate and trend for the previous 3 months:

NZD/USD at 0.6322 was trading 3% below the 90-day average 0.652 with a range 0.6314 to 0.6732. There are no current rate alerts.
25-FEB 5PM-NY 10PM-LON | 26-Feb 9AM-SYD

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 NZ Dollars 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 NZ Dollars otherwise you may get much worst exchange rates.

 

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 NZ 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 NZ 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 NZ Dollars 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 NZ Dollars deposited into the recipient bank account and less margins and fees kept by the banks!

 

Bank Transfers to New Zealand

Compare Transfer Rates

NZ Dollar to US Dollar - Historical Rates

PeriodChange*NZD/USDDate
1 Day-0.3%0.634324 Feb 2020
7 Day-1.1%0.639318 Feb 2020
30 Day-3.8%0.657326 Jan 2020
3 Month-1.4%0.641327 Nov 2019
1 Year-8.2%0.688525 Feb 2019
5 Year-16%0.752826 Feb 2015
10 Year-9.2%0.696327 Feb 2010

*For period to 25-Feb 21UTC when NZD/USD was 0.6321

NZ Dollar to Euro - Historical Rates

PeriodChange*NZD/EURDate
1 Day-0.6%0.584624 Feb 2020
7 Day-1.9%0.592118 Feb 2020
30 Day-2.5%0.596226 Jan 2020
3 Month-0.3%0.582727 Nov 2019
1 Year-4.1%0.605825 Feb 2019
5 Year-13.6%0.672426 Feb 2015
10 Year+13.4%0.512227 Feb 2010

*For period to 25-Feb 21UTC when NZD/EUR was 0.5810

NZ Dollar to Pound Sterling - 10 Year History

PeriodChange*NZD/GBPDate
1 Day-0.9%0.490824 Feb 2020
7 Day-1.1%0.491718 Feb 2020
30 Day-3.4%0.503326 Jan 2020
3 Month-2%0.496027 Nov 2019
1 Year-7.3%0.524525 Feb 2019
5 Year-0.5%0.488626 Feb 2015
10 Year+6.3%0.457527 Feb 2010

*For period to 25-Feb 21UTC when NZD/GBP was 0.4863

NZ Dollar to Australian Dollar - Historical Rates

PeriodChange*NZD/AUDDate
1 Day-0.2%0.959524 Feb 2020
7 Day+0.3%0.955118 Feb 2020
30 Day-0.9%0.966426 Jan 2020
3 Month+1.1%0.947527 Nov 2019
1 Year-0.3%0.959925 Feb 2019
5 Year-0.8%0.965326 Feb 2015
10 Year+23%0.778727 Feb 2010

*For period to 25-Feb 21UTC when NZD/AUD was 0.9575


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