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NZD to EUR - Rate Guide

New Zealand Dollar to Euro 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.

 

NZD/EUR update & alerts

1 NZD = 0.5798 EUR

NZD to EUR - Trading Range (90 Day)
no alerts
90-DAY TREND: At 0.5789 NZD/EUR is trading 0.7% above the average 0.575 with a range 0.5679 to 0.5826. There are no current alerts. Updated: 08:01-AEDT 21:01-GMT 16:01-EST

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NZD/EUR Exchange Rates and Providers Compared

This guide to the New Zealand Dollar to Euro exchange rate with 90-day chart & alerts, historic rates, forecasts and NZD to EUR 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 NZD/EUR 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 NZD/EUR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

NZD to EUR International Money Transfers

  

Foreign Transfer ProvidersReceive EUR(€)Exchange RateFee NZDTotal CostDeal Links
OFX logo
5,743
Best Overall
0.57430^0.79%
WorldFirst logo
5,760
€17 more
0.57600.5%
XE logo
5,755
€12 more
0.575500.59%
ASB Bank International Money Transfers
ASB Bank logo
5,578.02
€165 less
0.5592253.64%
HSBC logo
5,571.63
€171 less
0.558NZ$153.75%
Banks - Average Rate
ANZ Bank logo HSBC logo BNZ Bank logo ASB Bank logo TSB Bank logo
5,527
€216 less
0.5555224.53%
ANZ Bank logo
5,525.04
€218 less
0.5535184.56%
TSB Bank International Money Transfers
TSB Bank logo
5,490.54
€252 less
0.5546NZ$1005.16%
BNZ Bank International Money Transfers
BNZ Bank logo
5,467.77
€275 less
0.5523NZ$1005.55%
 

OFX logo

OFX: Foreign Transfer NZD→EUR
From Amount (NZD)NZ$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.5743 (0.79% from mid-rate)
To Amount (EUR)5,743
Total Cost:0.79%
Time:
Rate Fetched: 6:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

WorldFirst logo

WorldFirst: Foreign Transfer NZD→EUR
From Amount (NZD)NZ$10,000
Fee:
Exchange Rate:0.5760 (0.5% from mid-rate)
To Amount (EUR)5,760
Total Cost:0.5%
Difference:
€17 EUR more than using OFX
Time:6:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

XE logo

XE: Foreign Transfer NZD→EUR
From Amount (NZD)NZ$10,000
Fee:0
Exchange Rate:0.5755 (0.59% from mid-rate)
To Amount (EUR)5,755
Total Cost:0.59%
Difference:
€12 EUR more than using OFX
Time:6:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

ASB Bank logo

ASB Bank: Foreign Transfer NZD→EUR
From Amount (NZD)NZ$10,000
Fee:25
Exchange Rate:0.5592 (3.4% from mid-rate)
To Amount (EUR)5,578.02
Total Cost:3.64%
Difference:
€165 EUR less than using OFX
Time:6:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer NZD→EUR
From Amount (NZD)NZ$10,000
Fee:NZ$15 NZD (.15%)
Exchange Rate:0.5580 (3.61% from mid-rate)
To Amount (EUR)5,571.63
Total Cost:3.75%
Difference:
€171 EUR less than using OFX
Time:6:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer NZD→EUR
From Amount (NZD)NZ$10,000
Fee:22
Exchange Rate:0.5500 (4.99% from mid-rate)
To Amount (EUR)5,527
Total Cost:4.53%
Difference:
€216 EUR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

ANZ Bank logo

ANZ Bank: Foreign Transfer NZD→EUR
From Amount (NZD)NZ$10,000
Fee:18
Exchange Rate:0.5535 (4.39% from mid-rate)
To Amount (EUR)5,525.04
Total Cost:4.56%
Difference:
€218 EUR less than using OFX
Time:6:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 

TSB Bank logo

TSB Bank: Foreign Transfer NZD→EUR
From Amount (NZD)NZ$10,000
Fee:NZ$100 NZD (1%)
Exchange Rate:0.5546 (4.2% from mid-rate)
To Amount (EUR)5,490.54
Total Cost:5.16%
Difference:
€252 EUR less than using OFX
Time:6:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

BNZ Bank logo

BNZ Bank: Foreign Transfer NZD→EUR
From Amount (NZD)NZ$10,000
Fee:NZ$100 NZD (1%)
Exchange Rate:0.5523 (4.59% from mid-rate)
To Amount (EUR)5,467.77
Total Cost:5.55%
Difference:
€275 EUR less than using OFX
Time:6:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 11/22/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount EUR(€)Exchange RateFee NZDTotal CostDeal Links
Travelex Online NZ logo
561.10
Best Overall
0.56110^3.07%
ASB Bank Foreign Currency
ASB Bank logo
550.14
€11 less
0.5557NZ$104.97%
Banks - Average Rate
BNZ Bank logo ASB Bank logo TSB Bank logo
540.85
€20 less
0.5472NZ$106.57%
TSB Bank Foreign Currency
TSB Bank logo
538.16
€23 less
0.5436NZ$107.04%
BNZ Bank Foreign Currency
BNZ Bank logo
534.26
€27 less
0.5424NZ$157.71%
 

Travelex Online NZ logo

Travelex Online NZ: Travel Money NZD→EUR
From Amount (NZD)NZ$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.5611 (3.07% from mid-rate)
To Amount (EUR)561.10
Total Cost:3.07%
Time:
Rate Fetched: Fri Nov 22 2019 06:00:05 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

ASB Bank logo

ASB Bank: Travel Money NZD→EUR
From Amount (NZD)NZ$1,000
Fee:NZ$10 NZD (1%)
Exchange Rate:0.5557 (4.01% from mid-rate)
To Amount (EUR)550.14
Total Cost:4.97%
Time:6:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money NZD→EUR
From Amount (NZD)NZ$1,000
Fee:NZ$10 NZD (1%)
Exchange Rate:0.5503 (4.94% from mid-rate)
To Amount (EUR)540.85
Total Cost:6.57%
Currency Services:Branch
Delivery/Collect:-
 

TSB Bank logo

TSB Bank: Travel Money NZD→EUR
From Amount (NZD)NZ$1,000
Fee:NZ$10 NZD (1%)
Exchange Rate:0.5436 (6.1% from mid-rate)
To Amount (EUR)538.16
Total Cost:7.04%
Time:6:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

BNZ Bank logo

BNZ Bank: Travel Money NZD→EUR
From Amount (NZD)NZ$1,000
Fee:NZ$15 NZD (Minimum fee)
Exchange Rate:0.5424 (6.31% from mid-rate)
To Amount (EUR)534.26
Total Cost:7.71%
Time:6:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 11/22/2019 - See full table

NZD and EUR in the Markets

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

New Zealand Dollar (NZD)

The New Zealand dollar weakened in June to a 7-month low against the euro, at rates below €0.58.

At US$0.65, the kiwi remained weak against the greenback, 6 percent lower than rates in March.

Against the Australian dollar, NZD has been steady in recent months, having spent much of its time between A$0.94 and A$0.95.

Robbing New Zealand's currency of gains in 2019 have been lower NZ interest rates, 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.

Read more in the article NZD Forecasts.

 

Euro (EUR)

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar and British pound between mid-April and mid-June. Due to a stronger US dollar, EUR/USD was down 2 percent on the year at $1.12, close to long-term lows.

Read more in the article EUR Forecasts.

Why can't I just get the NZD/EUR 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 NZD / EUR 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 NZD Exchange Rates