The Scotiabank CAD to NZD rate is 1.1684. This is -3.7% below the mid-rate. Compare Scotiabank currency conversion rates - Reduce FX costs.
The Scotiabank CAD to NZD exchange rate is 1.1684. This is -3.7% compared to the latest CAD-NZD mid-market rate 1.2134.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Canadian dollar (CAD) to New Zealand dollar (NZD) rates from different sources before making a conversion.
Looking at our comparison table the best CAD to NZD exchange rate is 1.2073 from OFX, -0.5% from the mid-market rate 1.2134. The next best rate is 1.2061 from XE, -0.6% from the mid-rate. Then Wise with 1.2049 is -0.7% from the mid-rate.
The Western Union rate is 1.2013 which is -1% from the mid-rate.
Among the banks, the TD Bank rate is 1.1068 at -8.8%, the Scotiabank rate is 1.1684 at -3.7%, and the Royal Bank of Canada rate is 1.1806 at -2.7% compared to the mid-rate 1.2134.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Scotiabank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
The table below shows Scotiabank Canadian dollar (CAD) Send Money exchange rates with the percentage of margin being charged from the current market mid-rate :
| Currency route | Mid market rate | Scotiabank Send Money Rate | Cost% |
|---|---|---|---|
| CAD - AUD | 1.1191 | 1.0765 | -3.8% |
| CAD - BBD | 1.4345 | 1.3561 | -5.5% |
| CAD - BMD | 0.7172 | 0.6775 | -5.5% |
| CAD - BSD | 0.7172 | 0.6775 | -5.5% |
| CAD - CHF | 0.5965 | 0.5747 | -3.7% |
| CAD - DKK | 4.7568 | 4.5809 | -3.7% |
| CAD - EUR | 0.6375 | 0.6126 | -3.9% |
| CAD - GBP | 0.5391 | 0.5180 | -3.9% |
| CAD - GYD | 150.09 | 142.39 | -5.1% |
| CAD - HKD | 5.5792 | 5.3619 | -3.9% |
| CAD - INR | 61.26 | 59.04 | -3.6% |
| CAD - JMD | 113.92 | 107.30 | -5.8% |
| CAD - JPY | 104.27 | 99.95 | -4.1% |
| CAD - KYD | 0.5994 | 0.5560 | -7.2% |
| CAD - MXN | 13.95 | 13.45 | -3.6% |
| CAD - NOK | 7.4382 | 7.1531 | -3.8% |
| CAD - NZD | 1.2134 | 1.1684 | -3.7% |
| CAD - SAR | 2.6903 | 2.5786 | -4.2% |
| CAD - SEK | 6.9655 | 6.7114 | -3.6% |
| CAD - SGD | 0.9312 | 0.8984 | -3.5% |
| CAD - TTD | 4.8673 | 4.5956 | -5.6% |
| CAD - USD | 0.7172 | 0.6946 | -3.2% |
| CAD - ZAR | 13.05 | 12.59 | -3.5% |
The Scotiabank Loonie to Kiwi comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Scotiabank and other foreign exchange providers against the latest CAD-NZD mid-rate (see Market Data below ) and the possible savings of using various providers.
Scotiabank is a Canadian multinational bank and a leading financial institution in North and South America. The bank offers a wide range of financial products and services to individuals, businesses, and institutions, including banking, investment, and insurance services.
One of the financial products offered by Scotiabank is wire transfers. Wire transfers are a secure and fast way to transfer funds between banks in different countries. With Scotiabank wire transfers, you can send money to over 100 countries in a variety of currencies.
When you get a quote for your Wire Transfer from Scotiabank on their website or in-app, you can also see the Scotiabank exchange rate, but it can be difficult to then calculate how much markup from the market rate you are being charged.
Our research shows that on average, Scotiabank profit margin for foreign exchange rates is somewhere between 3 - 8%, depending on the amount you're sending, where you're sending it to and which currency will be received.
While all banks in Canada charge this markup, the extra amount being charged is much higher than it would be with a global money transfer specialist.
Canadian dollar (CAD) to New Zealand dollar (NZD) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | CAD/NZD | Change | Period |
|---|---|---|---|
25 Apr 2025 | 1.2072 | 0.9% ▲ | 2 Week |
08 Feb 2025 | 1.2354 | 1.4% ▼ | 3 Month |
09 May 2024 | 1.2113 | 0.6% ▲ | 1 Year |
10 May 2020 | 1.1692 | 4.2% ▲ | 5 Year |
12 May 2015 | 1.1251 | 8.3% ▲ | 10 Year |
14 May 2005 | 1.1153 | 9.3% ▲ | 20 Year |
Here are some popular conversion amounts for CAD to NZD (Canadian dollar to New Zealand dollar)*.
| CAD | NZD |
|---|---|
| C$ 1,000 | NZ$ 1,213 |
| C$ 5,000 | NZ$ 6,067 |
| C$ 20,000 | NZ$ 24,268 |
| C$ 100,000 | NZ$ 121,340 |
| CAD | NZD |
|---|---|
| C$ 824.10 | NZ$ 1,000 |
| C$ 4,121 | NZ$ 5,000 |
| C$ 16,482 | NZ$ 20,000 |
| C$ 82,410 | NZ$ 100,000 |
More amounts
*Converted at the current CADNZD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The CAD to NZD exchange rate has shown some instability due to a range of factors impacting both currencies. Currently, the CAD is trading at 1.2134, which is just 0.8% below its three-month average of 1.223. Recent trading has remained fairly stable, confined within a 5.5% range between 1.2003 and 1.2668. Analysts note that the Canadian dollar has faced difficulty gaining traction even as oil prices rise, currently near seven-day highs at 63.91, though still 8.1% below its three-month average of 69.57. The volatility in oil prices, a critical driver for CAD, is expected to continue influencing its exchange rate against the NZD.
Read our full review of recent CAD to NZD forecasts.
There are several ways to save on exchange rates when converting Canadian dollar to New Zealand dollar:
Generally speaking, if you are buying New Zealand dollar with Canadian dollar, then it's better for the CAD/NZD exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
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.
Read our Currency guide to New Zealand — a practical currency and money guide to travel in New Zealand plus living and doing business with the New Zealand dollar.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add CAD/NZD to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| New Zealand (NZD) | Canada (CAD) |  Cook Islands (NZD) |
 Niue (NZD) |  Pitcairn (NZD) |  Tokelau (NZD) |
The cost of living in New Zealand can vary depending on the location and lifestyle of the individual, however, it is generally considered to be relatively expensive compared to some other countries.
It is worth noting that the cost of living in New Zealand can vary depending on the region and lifestyle you choose to live. Some smaller towns and rural areas might have more affordable cost of living than the big cities.
The cost of housing, particularly in larger cities such as Auckland and Wellington, can be high.
Food and transportation costs are also relatively high, although prices for some goods and services such as clothing and electronics may be lower than in other developed countries.
Additionally, wages in New Zealand tend to be lower than in some other developed countries, which can make it more difficult for some people to afford the cost of living.
The cost of living in New Zealand varies depending on which city you live in, but overall it is relatively expensive. The most expensive city in New Zealand is Auckland, followed by Wellington and Christchurch.
Expat life in New Zealand is very good. The people are friendly and welcoming, and there are many opportunities to meet other expats. There is a strong expat community in New Zealand, and many events and activities are organized specifically for expats.
There are several laws in New Zealand that foreigners should be aware of. These laws include the Immigration Act 2009, the Customs and Excise Act 1996, and the Biosecurity Act 1993.
The business environment in New Zealand is generally quite good. The country ranks highly in the World Bank's "ease of doing business" rankings, and there is a strong culture of entrepreneurship and innovation. However, there are some challenges that businesses may face, such as a relatively high cost of living and a small domestic market.
The economy in New Zealand is growing at a steady pace, with low unemployment and inflation. However, there are concerns about the high level of household debt and the housing market.
Read more at our New Zealand (NZD) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
^ Scroll back up to ^
^
