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Best Exchange Rates New Zealand

Compare & Save on New Zealand Dollar (NZD) Exchange Rates from leading foreign exchange providers in New Zealand

 

Get a Better FX Deal when you Send and Spend Abroad.

 

View all NZD Exchange Rates

 

We compare and review only trusted regulated FX brands

  • Transferwise
  • ANZ
  • OFX
  • World First
  • TorFX
  • Travelex NZ

Compare the actual market exchange rates

Foreign Transfer ProvidersReceive USD($)Exchange RateFee NZDTotal CostDeal Links
OFX logo
6,371 USD
Best Overall
0.63710^0.79%
ASB Bank International Money Transfers
ASB Bank logo
6,194.48 USD
177 USD
0.621253.54%
HSBC logo
6,187.7 USD
183 USD
0.6197$153.65%
Banks - Average Rate
ANZ Bank logo HSBC logo BNZ Bank logo ASB Bank logo TSB Bank logo
6,137 USD
234 USD
0.6169224.43%
ANZ Bank logo
6,134.94 USD
236 USD
0.6146184.47%
TSB Bank International Money Transfers
TSB Bank logo
6,097.41 USD
274 USD
0.6159$1005.05%
BNZ Bank International Money Transfers
BNZ Bank logo
6,072.66 USD
298 USD
0.6134$1005.44%
 
OFX: Foreign Transfer NZD→USD
NZD amount:$10,000 NZD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.6371 (0.79% from mid-rate)
USD amount:6,371 USD
Total Cost:0.79%
Time:
Rate Fetched: 6:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

ASB Bank logoASB Bank

ASB Bank: Foreign Transfer NZD→USD
NZD amount:$10,000 NZD
Fee:25
Exchange Rate:0.6210 (3.3% from mid-rate)
USD amount:6,194.48 USD
Total Cost:3.54%
Difference:
177 USD less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer NZD→USD
NZD amount:$10,000 NZD
Fee:$15 NZD (.15%)
Exchange Rate:0.6197 (3.5% from mid-rate)
USD amount:6,187.7 USD
Total Cost:3.65%
Difference:
183 USD less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer NZD→USD
NZD amount:$10,000 NZD
Fee:22
Exchange Rate:0.6101 (5% from mid-rate)
USD amount:6,137 USD
Total Cost:4.43%
Difference:
234 USD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
ANZ Bank: Foreign Transfer NZD→USD
NZD amount:$10,000 NZD
Fee:18
Exchange Rate:0.6146 (4.3% from mid-rate)
USD amount:6,134.94 USD
Total Cost:4.47%
Difference:
236 USD less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 

TSB Bank logoTSB Bank

TSB Bank: Foreign Transfer NZD→USD
NZD amount:$10,000 NZD
Fee:$100 NZD (1%)
Exchange Rate:0.6159 (4.1% from mid-rate)
USD amount:6,097.41 USD
Total Cost:5.05%
Difference:
274 USD less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

BNZ Bank logoBNZ Bank

BNZ Bank: Foreign Transfer NZD→USD
NZD amount:$10,000 NZD
Fee:$100 NZD (1%)
Exchange Rate:0.6134 (4.48% from mid-rate)
USD amount:6,072.66 USD
Total Cost:5.44%
Difference:
298 USD less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/19/2019 - See full table
 
Travel Money ProvidersAmount USD($)Exchange RateFee NZDTotal CostDeal Links
Travelex Online NZ logo
628.70 USD
Best Overall
0.62870^2.1%
ASB Bank Foreign Currency
ASB Bank logo
610.34 USD
18 USD
0.6165$104.96%
Banks - Average Rate
BNZ Bank logo ASB Bank logo TSB Bank logo
600.03 USD
29 USD
0.6071$106.57%
TSB Bank Foreign Currency
TSB Bank logo
596.97 USD
32 USD
0.603$107.04%
BNZ Bank Foreign Currency
BNZ Bank logo
592.77 USD
36 USD
0.6018$157.7%
Travelex Online NZ: Travel Money NZD→USD
NZD amount:$1,000 NZD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.6287 (2.1% from mid-rate)
USD amount:628.70 USD
Total Cost:2.1%
Time:
Rate Fetched: Mon Aug 19 2019 04:45:03 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

ASB Bank logoASB Bank

ASB Bank: Travel Money NZD→USD
NZD amount:$1,000 NZD
Fee:$10 NZD (1%)
Exchange Rate:0.6165 (4% from mid-rate)
USD amount:610.34 USD
Total Cost:4.96%
Time:6:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money NZD→USD
NZD amount:$1,000 NZD
Fee:$10 NZD (1%)
Exchange Rate:0.6104 (4.95% from mid-rate)
USD amount:600.03 USD
Total Cost:6.57%
Currency Services:Branch
Delivery/Collect:-
 

TSB Bank logoTSB Bank

TSB Bank: Travel Money NZD→USD
NZD amount:$1,000 NZD
Fee:$10 NZD (1%)
Exchange Rate:0.6030 (6.1% from mid-rate)
USD amount:596.97 USD
Total Cost:7.04%
Time:6:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

BNZ Bank logoBNZ Bank

BNZ Bank: Travel Money NZD→USD
NZD amount:$1,000 NZD
Fee:$15 NZD (Minimum fee)
Exchange Rate:0.6018 (6.29% from mid-rate)
USD amount:592.77 USD
Total Cost:7.7%
Time:6:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 08/19/2019 - See full table
 

Read our foreign exchange guides - make informed decisions.

Market Outlook for the New Zealand dollar

NZD/USD – 3 month chart

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 NZ dollar news and forecasts.

 

Money Saving Guides

Facebook’s Libra Is Not the Game Changer That’s Being Promised

Enthusiasts would have us believe that Facebook’s own digital currency, Libra, will instantly revolutionize the remittance industry upon its release in 2020 — except it won’t. A harsher reality awaits, with conversion costs, capital gains taxes and a lack of Libra-priced goods all likely to limit its appeal.

Last update: 6 Jul, 2019

Best Multi-Currency Accounts 2019: WorldFirst vs. TransferWise vs. OFX

We compare the features, exchange rates and security of the three best multi-currency accounts available today — the WorldFirst World Account, the TransferWise Borderless Account and the OFX Global Currency Account.

Last update: 12 Jun, 2019

A Guide to Buying Overseas Property

Tips on Buying your dream property abroad.

Last update: 3 May, 2019

Save Money with Regular Overseas payments

Setting up regular international payments is easy and can save you time and money If you have recurring overseas transfers to make, consider automating them to simplifying your personal administration and save time in the process. Whether that be for paying an overseas mortgage, receiving a foreign pension, or paying for overseas tuition fees for […]

Last update: 3 May, 2019

 

US Dollar Market Outlook

USD/NZD – 3 month chart

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

Taking the blame for the economic downturn is US President Donald Trump, whose trade policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

Compare NZD-USD Exchange Rates

 

Recent NZD News

AUD/GBP Between a Rock and a Hard Place – USD Strength

AUD/GBP versus AUD/USD and GBP/USD

Both the Australian dollar and British pound sterling have had a hard time of late caught between the rock of the China/US trade war and the Brexit hard place.

Last update: 13 Aug, 2019

Australia Cuts Interest Rates to Record Low

RBA Australian dollar AUD currency news and forecasts

The RBA has cut Australian interest rates to a record low of 1 percent in an effort to boost inflation. The Australian dollar is slightly stronger following the widely expected decision but is expected to lose 5–7 percent of its value before year-end.

Last update: 14 Aug, 2019

 

Australian Dollar Market Outlook

AUD/NZD – 3 month chart

In early August the Australian dollar sunk to a 10 year low of 67¢ (Aug-7) to the US dollar. This was due to the offshore yuan breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".

Investors have sold AUD in recent months as they’ve bet on aggressive interest-rate cuts by the Reserve Bank of Australia. These bets paid off: the RBA cut its cash rate in both June and July to a record low of 1 percent.

Lower borrowing costs are necessary, investors believe, in light of persistently soft domestic data and the fallout from a US-China trade standoff that shows no sign of nearing an end.

AUD will continue to track changes in interest-rate expectations. Economists expect at least one further cut this year and many expect two by early 2020. After July's cut, the RBA hinted it would leave rates unchanged for several months.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.

Compare NZD-AUD Exchange Rates

 

Money Transfer Provider Reviews – NZ

XE Money Transfer – BER Review

XE works on razor thin margins for money transfers to more than 100 countries and nearly always guarantees a fantastic deal. Transfers can be booked online and over the phone and most are processed within a single working day.

Last update: 14 Jul, 2019

WorldFirst Foreign Transfers – BER Review

WorldFirst is a market leader in the international payments space and is consistently ranked among the most reliable and cheapest money transfer handlers for four-figure sums.

Last update: 12 Jun, 2019

Travelex Exchange Rates New Zealand – BER Review

In this article we take a look at Travelex in New Zealand, their exchange rates and foreign currency services. Getting your travel money from the local Travelex branch is convenient but with a little planning (and ordering online) you can also save money for your next trip abroad.

Last update: 16 May, 2019

 

Fintech FX News

Facebook’s Libra Is Not the Game Changer That’s Being Promised

Enthusiasts would have us believe that Facebook’s own digital currency, Libra, will instantly revolutionize the remittance industry upon its release in 2020 — except it won’t. A harsher reality awaits, with conversion costs, capital gains taxes and a lack of Libra-priced goods all likely to limit its appeal.

Last update: 6 Jul, 2019

TransferWise Gets Malaysian Remittance Licence

No longer will Malaysians sending money overseas be subjected to grossly inflated exchange rates and unnecessary bank charges following news that TransferWise has been granted a remittance licence by Bank Negara.

Last update: 19 Jun, 2019

Banks Charge Small Customers 25 Times More for FX, Research Shows

New research from the European Central Bank shows that banks charge smaller customers up to 25 times more for FX forward transactions and that those who fail to compare providers pay 14 times more for FX than those that do.

Last update: 17 Jun, 2019

Revolut Card in Australia – Review

We review Revolut, a digital bank that allows users to receive, send and spend money at the interbank exchange rate.

Last update: 19 Jul, 2019

 

Get a Better FX Deal when you Send and Spend Abroad.