There are three simple steps you need to take in order to get a good NZD-EUR exchange rate:
Know the latest NZD to EUR market mid-rate shown above - this is your starting point!
Compare your Bank's exchange rates to several licensed FX providers, remember to compare both the exchange rate margins as well as the various types of fees.
We make that easy to do with our calculators for
Foreign Transfers
and
Travel Money
transactions.
Review up-to-date
Currency News and Forecasts
for both the New Zealand dollar and Euro currencies, if available.
1. Market NZD/EUR mid-rate
Right now the NZD/EUR market rate is
and represents how many
Euro
you can get for one New Zealand dollar.
Calculate equivalent currency amounts with this NZD to EUR currency converter then select the transaction type to compare the best exchange rates available.
New Zealand dollar to Euro (NZD-EUR) - 10 Year History
Date
Exchange Rate
Period
Change
20 Jun 2018
0.5934
Latest
13 Jun 2018
0.5951
1 Week
-0.29%
21 May 2018
0.5897
1 Month
+0.63%
22 Dec 2017
0.5923
6 Months
+0.19%
20 Jun 2017
0.6500
1 Year
-8.71%
20 Jun 2016
0.6278
2 Years
-5.48%
21 Jun 2013
0.5901
5 Years
+0.56%
22 Jun 2008
0.4883
10 Years
+21.52%
The NZD/EUR 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 / EUR was traded (bought or sold) in the international markets.
The closer your final exchange rate is to the market / midrate the better deal you are getting.
2. Transaction Costs - Margins and Fees for NZD/EUR 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 EUR 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 EUR.
Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote
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This is the amount of money that could be received by your transfer at rate NZD/EUR=0.5853 and inclusive of the fee of NZD 0. Rate timestamp : Thu Jun 21 2018 05:09:27 GMT+0000 (UTC)
This is the average NZD to EUR 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/EUR=0.5791 and inclusive of the fee of NZD 0 *. Rate timestamp : Thu Jun 21 2018 05:00:04 GMT+0000 (UTC)
This is the average NZD to EUR 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/EUR market rate I see on Google or in the Media?
When you look up the current New Zealand dollar to Euro 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 EUR mid-rate on google search
Getting a great NZD to EUR 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 our NZD to EUR currency converter to calculate equivalent amounts in each currency 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 Euro
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 EUR, you should pay attention to both New Zealand dollar and Euro news and forecasts.
New Zealand dollar (NZD) - Market news and forecasts
Barring minor, short-lived deviations, the New Zealand dollar has traded against the US dollar between $0.68 and $0.75 for more than two years. In the second week of June, it was trading at $0.703, within the bottom third of that range.
The New Zealand dollar will fall through the lower end of this range before June ’19 to just $0.64, believes Westpac. The Australian bank said as much in June (it also saw the kiwi falling to 90 Australian cents, from 92.3), citing underperformance in New Zealand’s economy relative to its peers as its reason; this will be exacerbated by a substantial slowdown in net migration to New Zealand, the bank argues.
Also bearish NZD is Deutsche Bank. In May, during which NZD averaged $0.695, Deutsche’s valuation model ranked NZD as the fifth most overvalued of the world’s twenty-eight most traded currencies.
Importantly, interest rates in New Zealand are expected to fall below US rates this year – a development that PricewaterhouseCoopers has described as a “massive change in market conditions [offering] a disincentive to invest in NZD.” The RBNZ massively disappointed holders of NZD in May when it said its next move was as likely to be a rate cut as it was a hike.
Euro (EUR) - Market news and forecasts
On June 14th, the euro had one of its worst days in recent memory after the ECB signalled it would leave interest rates unchanged at 0.0 percent until the latter stages of 2019. A day later (the day of this report), the euro was trading in the mid-$1.15s versus the dollar and looked set to lose more of its value (earlier in the year it had traded in the mid-$1.25s), and had fallen towards the bottom end of its long-term trading range against the pound, at £0.873.
The ECB did at least announce it would phase out quantitative easing in Europe, which kept the euro’s losses within reasonable limits. QE will be terminated at the end of the year.
Goldman Sachs described the June ECB meeting as a “material negative for the euro.”
Prior to the ECB decision, Danske Bank had estimated a median price for EUR/USD in H2 2018 of 1.18; the bank saw a return to the 1.20s as unlikely in the near term (that's almost certain after the ECB meeting). Danske had predicted a “foot-dragging” ECB that would be “reactive rather than active.”
Best Exchange Rates - Compare & Save
Compare exchange rates from trusted & regulated FX brands
OFX 
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