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NZD/EUR - Convert Compare Save

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.

 

This resource page for the New Zealand Dollar to Euro exchange rate, has news, forecasts and NZD to EUR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

NZD/EUR Exchange Rates - How to Compare & Save

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
5,748 EUR
Best Overall
0.57480^0.79%
ASB Bank International Money Transfers
ASB Bank logo
5,557.07 EUR
191 EUR
0.5571254.09%
HSBC logo
5,551.66 EUR
196 EUR
0.556$154.18%
Banks - Average Rate
ANZ Bank logo HSBC logo BNZ Bank logo ASB Bank logo TSB Bank logo
5,506 EUR
242 EUR
0.5535224.97%
ANZ Bank logo
5,504.07 EUR
244 EUR
0.5514185%
TSB Bank International Money Transfers
TSB Bank logo
5,470.74 EUR
277 EUR
0.5526$1005.58%
BNZ Bank International Money Transfers
BNZ Bank logo
5,447.97 EUR
300 EUR
0.5503$1005.97%
 
OFX: Foreign Transfer NZD→EUR
NZD amount:$10,000 NZD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.5748 (0.79% from mid-rate)
EUR amount:5,748 EUR
Total Cost:0.79%
Time:
Rate Fetched: 6:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

ASB Bank logoASB Bank

ASB Bank: Foreign Transfer NZD→EUR
NZD amount:$10,000 NZD
Fee:25
Exchange Rate:0.5571 (3.85% from mid-rate)
EUR amount:5,557.07 EUR
Total Cost:4.09%
Difference:
191 EUR less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer NZD→EUR
NZD amount:$10,000 NZD
Fee:$15 NZD (.15%)
Exchange Rate:0.5560 (4.04% from mid-rate)
EUR amount:5,551.66 EUR
Total Cost:4.18%
Difference:
196 EUR less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer NZD→EUR
NZD amount:$10,000 NZD
Fee:22
Exchange Rate:0.5504 (5.01% from mid-rate)
EUR amount:5,506 EUR
Total Cost:4.97%
Difference:
242 EUR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
ANZ Bank: Foreign Transfer NZD→EUR
NZD amount:$10,000 NZD
Fee:18
Exchange Rate:0.5514 (4.83% from mid-rate)
EUR amount:5,504.07 EUR
Total Cost:5%
Difference:
244 EUR less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 

TSB Bank logoTSB Bank

TSB Bank: Foreign Transfer NZD→EUR
NZD amount:$10,000 NZD
Fee:$100 NZD (1%)
Exchange Rate:0.5526 (4.63% from mid-rate)
EUR amount:5,470.74 EUR
Total Cost:5.58%
Difference:
277 EUR less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

BNZ Bank logoBNZ Bank

BNZ Bank: Foreign Transfer NZD→EUR
NZD amount:$10,000 NZD
Fee:$100 NZD (1%)
Exchange Rate:0.5503 (5.02% from mid-rate)
EUR amount:5,447.97 EUR
Total Cost:5.97%
Difference:
300 EUR less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/17/2019 - 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
561.00 EUR
Best Overall
0.5610^3.18%
ASB Bank Foreign Currency
ASB Bank logo
550.64 EUR
10 EUR
0.5562$104.96%
Banks - Average Rate
BNZ Bank logo ASB Bank logo TSB Bank logo
541.32 EUR
20 EUR
0.5477$106.57%
TSB Bank Foreign Currency
TSB Bank logo
538.56 EUR
22 EUR
0.544$107.05%
BNZ Bank Foreign Currency
BNZ Bank logo
534.76 EUR
26 EUR
0.5429$157.7%
Travelex Online NZ: Travel Money NZD→EUR
NZD amount:$1,000 NZD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.561 (3.18% from mid-rate)
EUR amount:561.00 EUR
Total Cost:3.18%
Time:
Rate Fetched: Sat Aug 17 2019 04:45:03 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

ASB Bank logoASB Bank

ASB Bank: Travel Money NZD→EUR
NZD amount:$1,000 NZD
Fee:$10 NZD (1%)
Exchange Rate:0.5562 (4% from mid-rate)
EUR amount:550.64 EUR
Total Cost:4.96%
Time:6:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money NZD→EUR
NZD amount:$1,000 NZD
Fee:$10 NZD (1%)
Exchange Rate:0.5507 (4.95% from mid-rate)
EUR amount:541.32 EUR
Total Cost:6.57%
Currency Services:Branch
Delivery/Collect:-
 

TSB Bank logoTSB Bank

TSB Bank: Travel Money NZD→EUR
NZD amount:$1,000 NZD
Fee:$10 NZD (1%)
Exchange Rate:0.5440 (6.11% from mid-rate)
EUR amount:538.56 EUR
Total Cost:7.05%
Time:6:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

BNZ Bank logoBNZ Bank

BNZ Bank: Travel Money NZD→EUR
NZD amount:$1,000 NZD
Fee:$15 NZD (Minimum fee)
Exchange Rate:0.5429 (6.3% from mid-rate)
EUR amount:534.76 EUR
Total Cost:7.7%
Time:6:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 08/17/2019 - See full table

NZD to EUR interbank exchange rate = 0.5794

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on NZD/EUR exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

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