This is a foreign exchange guide to Tokelau, the New Zealand Dollar currency plus NZD transfers and travel tips.
In this Tokelau currency guide we take a look at :
- New Zealand Dollar info - general info about the New Zealand Dollar
- New Zealand Dollar in the markets - recent NZD moves and predictions from the FX markets
- Travelling in Tokelau - currency & money saving tips
- Buying New Zealand Dollar cash online - travel money for Tokelau
- Sending money to Tokelau - save on New Zealand Dollar bank transfers to Tokelau
- New Zealand Dollar exchange rates - latest & historic exchange rates.
- 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 Tokelau
In a world where travel has become easy and accessible to the masses, travelling to Tokelau – a territory of New Zealand – still requires a dedication that dissuades all but the most committed visitors. It takes upwards of 24 hours to reach Tokelau by boat from its nearest neighbour, Samoa, and you can forget about flying – there’s no airstrip. Once you’re there, the ship that brought you is your only means of getting between the nation’s three atolls – Fakaofo, Atafu and Nukunonu. It takes nine hours to travel between the two most distant ones (Fakaofo and Atafu). Your ship will also be your ticket home, so you’ll have to be prepared to stay for at least five days until it’s ready to leave, or wait for the next one in a week's time.
The distances around the atolls are short, so one can travel on foot within an atoll. Tourists can travel between atolls on a dinghy or traditional outrigger canoe.
What currency is used in Tokalau?
New Zealand currency is the only currency used in Tokelau.
Travel money for Tokelau
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 Providers | Amount NZD($) | Exchange Rate | Fee USD | Total Cost | Deal Links |
|---|---|---|---|---|---|
Banks - Average Rate   Average Bank Rate | 1,427 NZD 14 NZD | 1.4410 | $10 | 7.33% | |
 | 1,374.3 NZD 67 NZD | 1.3743 | 0^ | 10.73% |
Tokelau Trip Checklist
- Compare NZD travel cash rates - probably why you are here!
- Lonely Planet - world's best travel guide (coupon and deals)
Sending money to Tokelau
When searching around for information on how to get a good exchange rate when sending money to Tokelau you need to start with finding out the latest New Zealand Dollar foreign-transfer exchange rate.
Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).
Get a better deal for foreign transfers to Tokelau
When sending money to Tokelau it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or New Zealand Dollar amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted NZD amount will be transfered to the recipient account you specify in Tokelau.
Use our Send to NZD calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more New Zealand Dollar deposited into the recipient bank account and less margins and fees kept by the banks!
| Foreign Transfer Providers | Receive NZD($) | Exchange Rate | Fee USD | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | 15,241 NZD Best Overall | 1.5241 | 0^ | 0.99% | |
Banks - Average Rate   Average Bank Rate | 14,823 NZD 418 NZD | 1.4909 | 15 | 3.71% |
NZD/USD - New Zealand Dollar to United States Dollar - Historical Rates
| Period | Change* | NZD/USD | Date |
|---|---|---|---|
| 1 Day | -0.03% | 0.6497 | 16 Jun 2019 |
| 1 Week | -1.75% | 0.6611 | 10 Jun 2019 |
| 1 Month | -0.43% | 0.6523 | 18 May 2019 |
| 6 Months | -4.13% | 0.6775 | 19 Dec 2018 |
| 1 Year | -6.37% | 0.6937 | 17 Jun 2018 |
| 5 Years | -25.45% | 0.8712 | 18 Jun 2014 |
| 10 Years | +0.84% | 0.6441 | 19 Jun 2009 |
*For period to 17-Jun 21UTC when NZD/USD was 0.6495
NZD/EUR - New Zealand Dollar to Euro - Historical Rates
| Period | Change* | NZD/EUR | Date |
|---|---|---|---|
| 1 Day | -0.07% | 0.5793 | 16 Jun 2019 |
| 1 Week | -0.89% | 0.5841 | 10 Jun 2019 |
| 1 Month | -0.92% | 0.5843 | 18 May 2019 |
| 6 Months | -2.71% | 0.5950 | 19 Dec 2018 |
| 1 Year | -3.26% | 0.5984 | 17 Jun 2018 |
| 5 Years | -9.74% | 0.6414 | 18 Jun 2014 |
| 10 Years | +25.52% | 0.4612 | 19 Jun 2009 |
*For period to 17-Jun 21UTC when NZD/EUR was 0.5789
NZD/GBP - New Zealand Dollar to British Pound Sterling - 10 Year History
| Period | Change* | NZD/GBP | Date |
|---|---|---|---|
| 1 Day | +0.45% | 0.5159 | 16 Jun 2019 |
| 1 Week | -0.52% | 0.5209 | 10 Jun 2019 |
| 1 Month | +1.03% | 0.5129 | 18 May 2019 |
| 6 Months | -3.43% | 0.5366 | 19 Dec 2018 |
| 1 Year | -0.84% | 0.5226 | 17 Jun 2018 |
| 5 Years | +0.99% | 0.5131 | 18 Jun 2014 |
| 10 Years | +32.7% | 0.3905 | 19 Jun 2009 |
*For period to 17-Jun 21UTC when NZD/GBP was 0.5182
NZD/AUD - New Zealand Dollar to Australian Dollar - Historical Rates
| Period | Change* | NZD/AUD | Date |
|---|---|---|---|
| 1 Day | +0.31% | 0.9447 | 16 Jun 2019 |
| 1 Week | -0.22% | 0.9497 | 10 Jun 2019 |
| 1 Month | -0.32% | 0.9506 | 18 May 2019 |
| 6 Months | -0.51% | 0.9525 | 19 Dec 2018 |
| 1 Year | +1.63% | 0.9324 | 17 Jun 2018 |
| 5 Years | +2.09% | 0.9282 | 18 Jun 2014 |
| 10 Years | +18.84% | 0.7974 | 19 Jun 2009 |
*For period to 17-Jun 21UTC when NZD/AUD was 0.9476