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Foreign Exchange Guide to Niue

Latest market mid-rate: 1.0 =

Country Code:
NU
Domestic Currency:
New Zealand dollar
Symbol - Code:
$ NZD
Telephone Prefix:
+683

The domestic currency in Niue is the New Zealand dollar with currency code NZD. Read this foreign exchange guide to Niue and the New Zealand dollar with money transfer and travel tips plus New Zealand dollar exchange cross rates.

In this guide we review :

  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 Niue - currency & money saving tips
  4. Buying New Zealand dollar cash online - travel money for Niue
  5. Sending money to Niue - save on New Zealand dollar bank transfers to Niue
  6. New Zealand dollar exchange rates - latest & historic exchange rates.

New Zealand dollar (NZD) general currency information

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.

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.


New Zealand dollar (NZD) in the markets

Barring minor, short-lived deviations, the New Zealand dollar has traded against the US dollar between $0.68 and $0.75 for more than two years. In the second week of June, it was trading at $0.703, within the bottom third of that range.

The New Zealand dollar will fall through the lower end of this range before June ’19 to just $0.64, believes Westpac. The Australian bank said as much in June (it also saw the kiwi falling to 90 Australian cents, from 92.3), citing underperformance in New Zealand’s economy relative to its peers as its reason; this will be exacerbated by a substantial slowdown in net migration to New Zealand, the bank argues.

Also bearish NZD is Deutsche Bank. In May, during which NZD averaged $0.695, Deutsche’s valuation model ranked NZD as the fifth most overvalued of the world’s twenty-eight most traded currencies.

Importantly, interest rates in New Zealand are expected to fall below US rates this year – a development that PricewaterhouseCoopers has described as a “massive change in market conditions [offering] a disincentive to invest in NZD.” The RBNZ massively disappointed holders of NZD in May when it said its next move was as likely to be a rate cut as it was a hike.

The interactive chart below shows the NZD to USD 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.


NZD-USD 3 Month chart
NZD-USD 3 Month chart
NZD currency converter

Niue Trip Checklist   

  1. Compare NZD travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Niue
  3. Lonely Planet - world's best travel guide (coupon and deals)

Travel money for Niue

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 Exchange Rates Compared

Buying NZD Cash with USD 1,000

Travelex Online logo Travelex Online
1USD=1.3246NZD
$1324.60 NZD (8.51%)
Free Home Delivery when you Buy Online Travel Money & Cards with $0 commission and great exchange rates only available from Travelex Online. Zero cost for Home Delivery or pickup your foreign cash at your local Travelex store or at the airport on departure day. * Home deliveries can only be made to the registered billing address of your chosen payment method.
Price Details
Receive: $1324.60 NZD
Exchange Rate: 1.3246
(Inverse 1NZD=USD 0.7549)
Fees: USD 0
Total Cost : 8.51% (from mid-rate: 1.4478)
Amount of money that could be received by your currency exchange at rate USD/NZD=1.3246 and inclusive of the fee of USD 0.
Rate timestamp : Sat Jun 23 2018 23:00:03 GMT+0000 (UTC)
Bank Rates - Average
1USD=1.2668NZD
$1254.13 NZD (13.38%)
This is the average USD to NZD Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: $1254.13 NZD
Exchange Rate: 1.2668
(Inverse 1NZD=USD 0.7894)
Fees: USD 10 (1%)
Total Cost : 13.38% (from mid-rate: 1.4478)
Receive NZD $70 less than with  Travelex Online logo Travelex Online
Amount of money that could be received by your currency exchange at rate USD/NZD=1.2668 and inclusive of the fee of USD 10 (1%).
 

Sending money to Niue

When searching around for information on how to get a good exchange rate when sending money to Niue 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).

Getting a better deal when sending money to Niue

When sending money to Niue 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 Niue.

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 international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending USD 10,000 to NZD

OFX logo OFX (prev. USForex)
1USD=1.4305NZD
$14,305 NZD (1.19%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: $14,305 NZD
Exchange Rate: 1.4305
(Inverse 1NZD=USD 0.6991)
Fees: USD 0
Total Cost : 1.19% (from mid-rate: 1.4478)
This is the amount of money that could be received by your transfer at rate USD/NZD=1.4305 and inclusive of the fee of USD 0.
Rate timestamp : Sat Jun 23 2018 23:03:25 GMT+0000 (UTC)
Bank Rates - Average
1USD=1.3877NZD
$13,856 NZD (4.3%)
This is the average USD to NZD International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: $13,856 NZD
Exchange Rate: 1.3877
(Inverse 1NZD=USD 0.7206)
Fees: USD 15
Total Cost : 4.3% (from mid-rate: 1.4478)
Receive NZD $449 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate USD/NZD=1.3877 and inclusive of the fee of USD 15.
 

New Zealand dollar - exchange rates - live and historic

Major NZD cross rates
View Full List (A-Z)
1NZD=

NZD/USD - New Zealand dollar to U.S. dollar - 10 Year History

DateExchange RatePeriodChange
23 Jun 20180.6907Latest
16 Jun 20180.69471 Week-0.58%
24 May 20180.69291 Month-0.32%
25 Dec 20170.70266 Months-1.69%
23 Jun 20170.72821 Year-5.15%
23 Jun 20160.72342 Years-4.52%
24 Jun 20130.77445 Years-10.81%
25 Jun 20080.757510 Years-8.82%

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

DateExchange RatePeriodChange
23 Jun 20180.5920Latest
16 Jun 20180.59781 Week-0.97%
24 May 20180.59111 Month+0.15%
25 Dec 20170.59186 Months+0.03%
23 Jun 20170.65051 Year-8.99%
23 Jun 20160.63532 Years-6.82%
24 Jun 20130.59025 Years+0.3%
25 Jun 20080.484910 Years+22.09%

NZD/GBP - New Zealand dollar to British pound sterling - 10 Year History

DateExchange RatePeriodChange
23 Jun 20180.5207Latest
16 Jun 20180.52301 Week-0.44%
24 May 20180.51781 Month+0.56%
25 Dec 20170.52536 Months-0.88%
23 Jun 20170.57261 Year-9.06%
23 Jun 20160.48432 Years+7.52%
24 Jun 20130.50225 Years+3.68%
25 Jun 20080.384410 Years+35.46%

NZD/JPY - New Zealand dollar to Japanese yen - 10 Year History

DateExchange RatePeriodChange
23 Jun 201875.9497Latest
16 Jun 201876.88701 Week-1.22%
24 May 201875.74431 Month+0.27%
25 Dec 201779.61156 Months-4.6%
23 Jun 201781.03421 Year-6.27%
23 Jun 201676.63682 Years-0.9%
24 Jun 201375.73215 Years+0.29%
25 Jun 200881.827610 Years-7.18%

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

DateExchange RatePeriodChange
23 Jun 20180.9281Latest
16 Jun 20180.93301 Week-0.53%
24 May 20180.91521 Month+1.41%
25 Dec 20170.90976 Months+2.02%
23 Jun 20170.96201 Year-3.52%
23 Jun 20160.95102 Years-2.41%
24 Jun 20130.83875 Years+10.66%
25 Jun 20080.791910 Years+17.2%

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

DateExchange RatePeriodChange
23 Jun 20180.9170Latest
16 Jun 20180.91741 Week-0.04%
24 May 20180.89291 Month+2.7%
25 Dec 20170.89356 Months+2.63%
23 Jun 20170.96571 Year-5.04%
23 Jun 20160.92412 Years-0.77%
24 Jun 20130.81295 Years+12.81%
25 Jun 20080.766210 Years+19.68%

New Zealand dollar News