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CAD/NZD - Convert Compare Save

Canadian Dollar to New Zealand Dollar exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the Canadian Dollar to New Zealand Dollar exchange rate, has news, forecasts and CAD to NZD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

CAD/NZD Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for CAD/NZD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive NZD($)Exchange RateFee CADTotal CostDeal Links
OFX logo
11,623 NZD
Best Overall
1.16230^0.8%
HSBC logo
11,219 NZD
404 NZD
1.1236C$154.25%
TD Canada Trust logo
11,159 NZD
464 NZD
1.1272C$1004.76%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
11,135 NZD
488 NZD
1.1247C$1004.97%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo
11,129 NZD
494 NZD
1.1222155.01%
Scotiabank logo
11,124 NZD
499 NZD
1.1236C$1005.06%
Royal Bank of Canada logo
11,010 NZD
613 NZD
1.1121C$1006.03%
 
OFX: Foreign Transfer CAD→NZD
CAD amount:$10,000 CAD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:1.1623 (0.8% from mid-rate)
NZD amount:11,623 NZD
Total Cost:0.8%
Time:
Rate Fetched: 6:02 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer CAD→NZD
CAD amount:$10,000 CAD
Fee:C$15 CAD (.15%)
Exchange Rate:1.1236 (4.11% from mid-rate)
NZD amount:11,219 NZD
Total Cost:4.25%
Difference:
404 NZD less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

TD Canada Trust logoTD Canada Trust

TD Canada Trust: Foreign Transfer CAD→NZD
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:1.1272 (3.8% from mid-rate)
NZD amount:11,159 NZD
Total Cost:4.76%
Difference:
464 NZD less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Coast Capital Savings logoCoast Capital Savings

Coast Capital Savings: Foreign Transfer CAD→NZD
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:1.1247 (4.01% from mid-rate)
NZD amount:11,135 NZD
Total Cost:4.97%
Difference:
488 NZD less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer CAD→NZD
CAD amount:$10,000 CAD
Fee:15
Exchange Rate:1.1131 (5% from mid-rate)
NZD amount:11,129 NZD
Total Cost:5.01%
Difference:
494 NZD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Scotiabank logoScotiabank

Scotiabank: Foreign Transfer CAD→NZD
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:1.1236 (4.11% from mid-rate)
NZD amount:11,124 NZD
Total Cost:5.06%
Difference:
499 NZD less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Royal Bank of Canada logoRoyal Bank of Canada

Royal Bank of Canada: Foreign Transfer CAD→NZD
CAD amount:$10,000 CAD
Fee:C$100 CAD (1%)
Exchange Rate:1.1121 (5.09% from mid-rate)
NZD amount:11,010 NZD
Total Cost:6.03%
Difference:
613 NZD less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 08/17/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount NZD($)Exchange RateFee CADTotal CostDeal Links
Travelex Online CA logo
1,130.7 NZD
Best Overall
1.1307$03.5%
Royal Bank of Canada logo
1,105.8 NZD
25 NZD
1.105805.62%
TD Canada Trust logo
1,094.5 NZD
36 NZD
1.094506.59%
Banks - Average Rate
Scotiabank logo Royal Bank of Canada logo TD Canada Trust logo
1,092 NZD
39 NZD
1.0990C$106.83%
Scotiabank logo
1,074.86 NZD
56 NZD
1.0968C$208.26%
Travelex Online CA: Travel Money CAD→NZD
CAD amount:$1,000 CAD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:1.1307 (3.5% from mid-rate)
NZD amount:1,130.7 NZD
Total Cost:3.5%
Time:
Rate Fetched: 6:02 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Royal Bank of Canada logoRoyal Bank of Canada

Royal Bank of Canada: Travel Money CAD→NZD
CAD amount:$1,000 CAD
Fee:
Exchange Rate:1.1058 (5.62% from mid-rate)
NZD amount:1,105.8 NZD
Total Cost:5.62%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

TD Canada Trust logoTD Canada Trust

TD Canada Trust: Travel Money CAD→NZD
CAD amount:$1,000 CAD
Fee:
Exchange Rate:1.0945 (6.59% from mid-rate)
NZD amount:1,094.5 NZD
Total Cost:6.59%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money CAD→NZD
CAD amount:$1,000 CAD
Fee:C$10 CAD (1%)
Exchange Rate:1.0252 (12.5% from mid-rate)
NZD amount:1,092 NZD
Total Cost:6.83%
Currency Services:Branch
Delivery/Collect:-
 

Scotiabank logoScotiabank

Scotiabank: Travel Money CAD→NZD
CAD amount:$1,000 CAD
Fee:C$20 CAD (Minimum fee)
Exchange Rate:1.0968 (6.39% from mid-rate)
NZD amount:1,074.86 NZD
Total Cost:8.26%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 08/17/2019 - See full table

CAD to NZD interbank exchange rate = 1.1717

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on CAD/NZD exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

CAD and NZD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the CAD vs NZD, you should pay attention to the recent market trends for both currencies.

 

Canadian Dollar (CAD)

The Canadian dollar stormed ahead in the second half of June, rising to a 16-week high against the US dollar and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.

Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.

Any delay to Canadian ratification of the USMCA trade deal (already accepted by Mexico) is likely to depress sentiment on Canada’s currency.

Read more in the article CAD Forecasts.

 

New Zealand Dollar (NZD)

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.

Read more in the article NZD Forecasts.

Why can't I just get the CAD/NZD market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the CAD / NZD was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

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 foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all CAD Exchange Rates