The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees.
These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.
Compare NZD/EUR Exchange Rates
The below table is a snapshot of the costs charged by FX specialists and banks for NZD/EUR International Money Transfers. Costs are calculated against the amount when NZD is converted to EUR at mid-rate.
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
OFX exchange rates are highly competitive for global money transfers, great customer service. ^Zero transfer fees for BestExchangeRates customers. More info▾
5,990 EUR
Best Overall
0.599
0^
1.53%
Bank Transfers - Online & Phone, Foreign Currency Accounts
The below table shows a snapshot 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.
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Right now the NZD/EUR interbank exchange rate is 0.6083.
It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.
It's the reference rate we use to calculate how much you are being charged to convert Euro to New Zealand Dollar.
This NZD/EUR Converter calculates equivalent New Zealand Dollar to Euro amounts at the market mid-rate.
You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.
NZD / EUR converter & margin calculator
$NZD
€EUR
Mid-rates:
1 NZD =
0.6083EUR
1 EUR =
1.6439NZD
Compare how much you can save on NZD/EUR exchange rates for:
New Zealand Dollar to Euro (NZD-EUR) - 10 Year History
The below table shows the historic variation in the NZD/EUR exchange rate over the last 10 years.
The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.
You can also view our various charts of NZD versus other currencies : NZD historical charts.
Date
Exchange Rate
Period
Change
22 Mar 2019
0.6097
Latest
15 Mar 2019
0.6047
1 Week
+0.83%
20 Feb 2019
0.6044
1 Month
+0.88%
23 Sep 2018
0.5688
6 Months
+7.19%
22 Mar 2018
0.5856
1 Year
+4.12%
22 Mar 2017
0.6523
2 Years
-6.53%
23 Mar 2014
0.6190
5 Years
-1.5%
24 Mar 2009
0.4190
10 Years
+45.51%
Why can't I just get the NZD/EUR market rate I see on Google or in the Media?
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.
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.
The closer your final exchange rate is to the market NZD/EUR midrate the better deal you are getting.
The three things you need in order to get a good NZD to EUR exchange rate
Know the latest NZD/EUR market mid-rate.
The closer your final exchange rate is to this real market rate the better deal you are getting.
You should also judge how the current rate compares to the historic rate over the past 10 years.
Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare 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.
Currency news and forecasts for New Zealand Dollar and Euro
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second 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
26-February-19: The New Zealand dollar has been among the best performers in early 2019: at the time of writing, it was showing a 3 percent year-to-date gain versus the US dollar (US$0.69), bettered within G10 FX only by the Canadian dollar and pound.
The kiwi’s upside might be limited over the coming 6-12 months due to a somewhat disappointing outlook for interest rates in New Zealand.
In February, the RBNZ said it would maintain rates at current levels this year and next, which was taken as a big positive at the time since a rate cut had partly been priced in. When considered against the hikes that are likely in Canada, the US, Europe, Scandinavia and many emerging market economies, steady NZ rates might also be to NZD's detriment.
In February, Radobank predicted NZD/USD 4 percent lower at US$0.66 before the end of May.
An RBC analyst also suggested betting against the kiwi. The analyst pointed to the RBNZ's previous form when it comes to U-turns on policy guidance.
In addition, watchers of NZD should not underestimate how highly correlated the currency is with the Australian dollar, which is tied to an even worse monetary policy outlook and which might suffer an 8-10 percent decline this year, per some currency forecasters.
Euro (EUR) - Market news and forecasts
Between November and February, the euro was remarkably stable relative to the US dollar, against which it traded for the most part between $1.125 and $1.155. In the days leading up to this report, in March, the euro broke downwards to a 21-month low of $1.118.
Further to Brexit uncertainty, euro weakness followed March’s meeting of the ECB, at which the central bank said it will not raise interest rates until 2020 at the earliest as part of an effort to lift the eurozone economy out of this “period of continued weakness.”
ING analysts wrote in March that they expect the low-yielding euro to continue to depreciate against the dollar over the coming months. Danske Bank predicted a euro dip towards $1.1 before a rally over 3-6 months back into a $1.12-1.16 range.
Eurozone
Aaland Islands
Andorra
Austria
Belgium
Cyprus
Estonia
Finland
France
French Guinea
French Southern Territories
Germany
Greece
Guadeloupe
Vatican City
Ireland
Italy
Luxembourg
Malta
Martinique
Mayotte
Monaco
Montenegro
Netherlands
Portugal
Reunion
Saint Barthélemy
Saint Martin
Saint Pierre And Miquelon
San Marino
Slovakia
Slovenia
Spain