AUD to NZD mid-rate = 1.1028
Right now the AUD/NZD market mid-rate is 1.1028 and represents ideally how many New Zealand Dollar you can get for one Australian Dollar (21-08-2018 06:27:30 GMT) .
You can calculate equivalent currency amounts at this mid-rate below. Then select the transaction type to compare the best exchange rates available for AUD to NZD transfers or buying NZD travel money.
Currency Converter AUD to NZD
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Australian Dollar to New Zealand Dollar (AUD-NZD) - 10 Year History
The below table shows the historic variation in the AUD/NZD exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.
| Date | Exchange Rate | Period | Change |
|---|---|---|---|
| 20 Aug 2018 | 1.1045 | Latest | |
| 13 Aug 2018 | 1.1052 | 1 Week | -0.06% |
| 21 Jul 2018 | 1.0893 | 1 Month | +1.4% |
| 21 Feb 2018 | 1.0659 | 6 Months | +3.62% |
| 20 Aug 2017 | 1.0842 | 1 Year | +1.87% |
| 20 Aug 2016 | 1.0483 | 2 Years | +5.36% |
| 21 Aug 2013 | 1.1421 | 5 Years | -3.29% |
| 22 Aug 2008 | 1.2267 | 10 Years | -9.96% |
The three things you need in order to get a good AUD to NZD exchange rate
- Know the latest AUD/NZD market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
- Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare
the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions. - Review up-to-date Currency News and Forecasts for both the and currencies, if available.
Transaction Costs - Margins and Fees for AUD/NZD Transfers and Currency Exchange
The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from AUD to NZD.
Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote | ||||||
| Provider | Rating | Fees | Exchange Rate | Margin | ||
|---|---|---|---|---|---|---|
 OFX | $0 | 1.0945 | $10,945 NZD | 0.86% | ||
Average Bank Rate           | $15 | 1.0564 | $10,544.7 NZD | 4.49% | Receive NZD $400.3 less than with OFX |
The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.
| Provider | Rating | Fees | Exchange Rate | Margin | ||
|---|---|---|---|---|---|---|
 Travelex Australia | 0 | 1.0671 | $2134.20 NZD | 3.34% | ||
Average Bank Rate | $10 | 1.0517 | $2085.90 NZD | 5.53% | Receive NZD $48.3 less than with Travelex Australia |
Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.
Currency News, Research and Forecasts for Australian Dollar and New Zealand Dollar
Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.
So it follows that if you are determining the best time to transact, in this case the AUD vs NZD, you should pay attention to both Australian Dollar and New Zealand Dollar news and forecasts.
Australian Dollar (AUD) - Market news and forecasts
Sentiment on the Australian dollar took a turn for the worse mid-year after the US announced it would impose massive tariffs on imported goods, as an emerging market crisis gripped the markets, and as the RBA remained dovish on monetary policy.
A global trade war, analysts said, might lead to significant depreciations in commodities prices, and investors tend to express their views on EM risk via the highly liquid Australian dollar. The RBA said mid-year that there was still “no strong case for a near-term adjustment in monetary policy.”
By August 14th, the Aussie had slumped to an 18-month low versus the US dollar of 72.4 cents, down 11 percent on January’s high.
The Aussie was also struggling elsewhere, including against the Japanese yen, against which it weakened to 80 for the first time since late 2016.
While the Aussie spent the period between mid-April and mid-August strengthening against the New Zealand dollar, a longer-term, bigger-picture view shows this cross rate drifting sideways for much of the past 4 ½ years. On August 14th, the Aussie fetched 1.1 NZD.
New Zealand Dollar (NZD) - Market news and forecasts
The New Zealand dollar has spent much of 2018 influenced by risk sentiment and, in the case of NZD/USD, by the broader market for US dollar pairs.
The kiwi fell steadily between April and mid-August (the time of this report), not only against the greenback, against which it slumped 10 percent to $0.663, but also to lesser extents against the yen (¥73.3) and Australian dollar (A$0.907).
Markets have long priced in a near-zero probability of an NZ interest rate hike this year but, worryingly, Westpac said in August it believed the probability of the RBNZ cutting rates had risen to a new high – Westpac estimated a one-third chance of a cut.
Further to monetary policy factors, weighing on the New Zealand dollar at present is the emerging market crisis, which sees funds moved into safe havens; the US-China trade dispute, which threatens global trade; and dairy prices, which beginning on June 5th fell in four consecutive fortnightly auctions.
Westpac are forecasting NZD/USD at 0.67 at year-end and at 0.65 by the end of 2019. Respective forecasts for NZD/AUD are at 0.91 and 0.925.
Betting against NZD is Societe Generale. In mid-August, the bank said that shorting the kiwi against CAD and AUD were “attractive” propositions.
Why can't I just get the same AUD/NZD market rate I see on Google or in the Media?
The AUD/NZD mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the AUD / NZD was traded (bought or sold) in the international markets.
When you look up the current Australian Dollar to New Zealand Dollar exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.
Getting a great AUD to NZD mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.
This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.
You can use our AUD to NZD currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates. Then choose your transaction type for specific Australian Dollar cross rates and reviews of leading foreign exchange providers versus the Banks.