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INR to NZD - Rate Guide

Indian Rupee 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.

 

INR/NZD update & alerts

1 INR = 0.021209 NZD

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INR to NZD - Trading Range (90 Day)
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INR/NZD at 0.021232 is trading 1.7% below the 90-day average 0.021593 with a range 0.020841 to 0.022298. There are no current rate alerts.
23-Jan-2020 16:NY 21:LON 08:SYD+1d

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INR/NZD Exchange Rates and Providers Compared

This guide to the Indian Rupee to New Zealand Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and INR to NZD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our INR/NZD Quick Calculator.

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 INR/NZD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

INR to NZD International Money Transfers

  

Foreign Transfer ProvidersReceive NZD(NZ$)Exchange RateFee INRTotal CostDeal Links
ICICI Bank International Money Transfers
ICICI Bank logo
NZ$202.240.020428₹1004.56%
Banks - Average Rate
Indian Bank logo ICICI Bank logo
NZ$201.720.020375154.81%
Indian Bank International Money Transfers
Indian Bank logo
NZ$201.190.020322₹1005.06%
 
ICICI Bank logo
ICICI Bank: Foreign Transfer INR→NZD
From Amount (INR)₹10,000
Fee:₹100 INR (1%)
Exchange Rate:0.020428 (3.6% from mid-rate)
To Amount (NZD) NZ$202.24
Total Cost:4.56%
Time:1:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer INR→NZD
From Amount (INR)₹10,000
Fee:15
Exchange Rate:0.019920 (6% from mid-rate)
To Amount (NZD) NZ$201.72
Total Cost:4.81%
Difference:
NZ$0.52 NZD less than using ICICI Bank
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Indian Bank logo
Indian Bank: Foreign Transfer INR→NZD
From Amount (INR)₹10,000
Fee:₹100 INR (1%)
Exchange Rate:0.020322 (4.1% from mid-rate)
To Amount (NZD) NZ$201.19
Total Cost:5.06%
Difference:
NZ$1.05 NZD less than using ICICI Bank
Time:1:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/24/2020 - See full table

INR and NZD in the Markets

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

Indian Rupee (INR)

The rupee is doing remarkably well in what is normally a seasonally weak time of year and despite a 35 percent rise in the oil price this year (oil is India's largest import).

In early May, by the narrowest of margins, the rupee reached a 16-month high against the Australian dollar (₹48.4), before falling back slightly. It rose towards long-term highs against the euro (₹77.3) and was flat on the year against the US dollar (₹69.2), although it was 8 percent higher against the greenback than it had been in October of last year.

Read more in the article INR Forecasts.

 

New Zealand Dollar (NZD)

The threat of proxy war between the US and Iran in Iraq has pared back some of the gains the Kiwi had made coming into the New Year.

In December the New Zealand dollar has climbed back to US$0.66 it's highest value since July.

Against the Australian dollar, jumped to A$0.96 after being as low as A$0.92 in early November before starting a strong recovery upto current levels above A$0.95.

Robbing New Zealand's currency of better gains in 2019 have been 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.

Read more in the article NZD Forecasts.

Why can't I just get the INR/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 INR / 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 INR Exchange Rates