Use this two-way calculator and chart to calculate amounts in either New Zealand dollar or 1000 using
the real-time NZD/AUD market mid-rate.
Then choose your transaction type
Foreign TransferTravel Money
to see the available exchange rates and reviews for our leading foreign exchange providers.
There are three important types of information that you need to know if you are to have any chance of getting the
best possible NZD / AUD rate :
Market NZD to AUD mid-rate - the starting point.
Transaction costs, these include exchange rate margins plus various types of fees. These margin and fee costs vary for
Foreign Transfers
and
Travel Money
transactions.
Right now the NZD/AUD market rate is
and represents how many
Australian dollar
you can get for one New Zealand dollar.
The NZD/AUD 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 NZD / AUD was traded (bought or sold) in the international markets.
You can calculate with the current mid-rate using our
NZD to AUD
calculator below but note the rate will most likely be quite different by the time you make you currency exchange.
2. Transaction Costs - Margins and Fees for NZD/AUD Foreign 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.
NZD to AUD Foreign Transfer - Costs Compared
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 NZD to AUD.
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This is the amount of money that could be received by your transfer at rate NZD/AUD=0.9219 and inclusive of the fee of NZD 0. Rate timestamp : Sun Apr 22 2018 02:09:30 GMT+0000 (UTC)
This is the average NZD to AUD International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.
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.
Click here to order Travel Money and the Pre-paid Cash Passport with $0 commission* and great exchange rates only available online. Pickup your cash at your local Travelex store or conveniently at the airport on departure day. * Orders paid for via BPAY incur no additional fees, credit/debit fee 1.8%
Amount of money that could be received by your currency exchange at rate NZD/AUD=0.9203 and inclusive of the fee of NZD 0 *. Rate timestamp : Sun Apr 22 2018 02:00:02 GMT+0000 (UTC)
This is the average NZD to AUD Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.
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.
Why can't I just get the same NZD/AUD market rate I see on Google or in the Media?
When you look up the current New Zealand dollar to Australian 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.
NZD to AUD mid-rate on google search
Getting a great NZD to AUD 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 the below
NZD to AUD calculator to convert currency amounts using the latest mid-market exchange rates.
Then choose your transaction type for specific New Zealand dollar cross rates and reviews of leading foreign exchange providers versus the Banks.
3. Currency News, Research and Forecasts for New Zealand dollar and Australian 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 is always determined quoted in comparison to another currency.
So it follows that if you are determining the best time to transact, in this case the NZD vs AUD, you should pay attention to both New Zealand dollar and Australian dollar news and forecasts.
New Zealand dollar (NZD) - Market news and forecasts
The New Zealand dollar gained handsomely against the Australian dollar between October and mid-April, strengthening by 7% to fetch 0.95 AUD, although the kiwi remains within the central portion of its 2014-2018 trading range against AUD.
Against the US dollar, the New Zealand dollar had rallied at the time of this report to 0.738 and continues to climb steadily towards the highs of its current cycle, roughly between 0.745 and 0.755.
In April, analysts at Saxo Bank questioned whether NZD had the legs to threaten cycle highs given likely unfavourable changes to the NZ-US interest rate differential. US benchmark interest rates have already risen to match New Zealand’s and are expected to overtake them this year. While further US hikes are expected in 2018, no rate hike in New Zealand is expected until mid-2019. Accounting and consulting firm PwC described the NZ-US differential in April as a “massive change in market conditions” that offered a “disincentive to invest in the New Zealand dollar.”
Other threats to the New Zealand dollar include the potential for a US-China trade war, which would threaten global trade and consequently weigh on growth-sensitive currencies like NZD. The kiwi got a boost in the second week of April after Chinese Premier Xi Jinping declined from speaking harshly on Washington’s trade policies at the Boao Forum (“Asia’s Davos”).
Australian dollar (AUD) - Market news and forecasts
The Australian dollar took a hit in February and March, during which it gave up 4% of its value against the US dollar, and it continues to struggle in April.
In the third week of April, a rather dovish set of RBA meeting minutes eliminated gains made during a modest recovery period earlier in the month and the Aussie was once again in the mid-0.76s versus USD – it had been as high as 0.813 in January – and was close to long-term lows against the euro, in the low 0.62s.
Over the medium term, the Australian dollar is likely to receive support from commodities, which will continue to rally according to a PIMCO analyst. Speaking in April, the analyst said that commodities “would shine” given the transition to an environment in which low and stable inflation is preferable.
Any support lent by commodities will, however, be offset by a central bank that sees little reason for a near-term increase in interest rates and by uncertainties surrounding a potential US-China trade war. Trade tensions were at least eased when at the Boao Forum in April, Chinese President Xi Jinping spoke of the need to ease tariffs and further open up China’s economy.
In March, the median estimate of analysts polled by Reuters had AUD/USD at 0.78 at year-end.
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