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Sending money to New Zealand can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to New Zealand bank accounts or pay a New Zealand dollar invoice.
You Can Save Money when you Compare Santander Exchange Rate Margins & Fees
The above comparison table makes it easy to calculate the Total Cost you are being charged on your currency transaction by Santander versus the market mid-rate. It is easy to calculate any savings available from popular market-leading FX providers.
Is Pound Sterling (GBP) expected to go up or down?
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Pound Sterling current value is to look the GBP performance against a range of other currencies over various time periods.
The following table looks at the performance of the GBP exchange rate against selections of other currencies over time periods from the previous 2 days back to the last 5 years.
GBP Currency Country Guides
United Kingdom (GBP) | New Zealand (NZD) | Cook Islands (NZD) |
Niue (NZD) | Pitcairn (NZD) | Tokelau (NZD) |
Is New Zealand a cheap place to live?
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.
Read more at our New Zealand (NZD) country guide
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