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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 = 0.5962 EUR

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NZD to EUR - Trading Range (90 Day)
14-DAY LOW (2d)
NZD/EUR at 0.5962 is trading 1.9% above the 90-day average 0.5849 with a range 0.5682 to 0.6009. There are no current rate alerts.
17-Jan-2020 16:NY 21:LON 08:SYD+1d

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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
5,914
Best Overall
0.59140^0.81%
WorldFirst logo
5,932
€18 more
0.593200.5%
XE logo
5,927
€13 more
0.592700.59%
ASB Bank International Money Transfers
ASB Bank logo
5,716.67
€197 less
0.5731254.11%
HSBC logo
5,710.42
€204 less
0.5719NZ$154.22%
Banks - Average Rate
ANZ Bank logo HSBC logo BNZ Bank logo ASB Bank logo TSB Bank logo
5,664
€250 less
0.5694224.99%
ANZ Bank logo
5,662.79
€251 less
0.5673185.02%
TSB Bank International Money Transfers
TSB Bank logo
5,627.16
€287 less
0.5684NZ$1005.62%
BNZ Bank International Money Transfers
BNZ Bank logo
5,604.39
€310 less
0.5661NZ$1006%
 
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:0.5914 (0.81% from mid-rate)
To Amount (EUR)5,914
Total Cost:0.81%
Time:
Rate Fetched: 6:07 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:0.5932 (0.5% from mid-rate)
To Amount (EUR)5,932
Total Cost:0.5%
Difference:
€18 EUR more than using OFX
Time:6:07 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:0.5927 (0.59% from mid-rate)
To Amount (EUR)5,927
Total Cost:0.59%
Difference:
€13 EUR more than using OFX
Time:6:07 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:0.5731 (3.87% from mid-rate)
To Amount (EUR)5,716.67
Total Cost:4.11%
Difference:
€197 EUR less than using OFX
Time:6:07 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:0.5719 (4.08% from mid-rate)
To Amount (EUR)5,710.42
Total Cost:4.22%
Difference:
€204 EUR less than using OFX
Time:6:07 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:0.5664 (5% from mid-rate)
To Amount (EUR)5,664
Total Cost:4.99%
Difference:
€250 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:0.5673 (4.85% from mid-rate)
To Amount (EUR)5,662.79
Total Cost:5.02%
Difference:
€251 EUR less than using OFX
Time:6:07 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:0.5684 (4.66% from mid-rate)
To Amount (EUR)5,627.16
Total Cost:5.62%
Difference:
€287 EUR less than using OFX
Time:6:07 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:0.5661 (5.05% from mid-rate)
To Amount (EUR)5,604.39
Total Cost:6%
Difference:
€310 EUR less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/18/2020 - 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
ASB Bank Foreign Currency
ASB Bank logo
566.68
Compare
0.5724NZ$104.95%
 
ASB Bank logo
ASB Bank: Travel Money NZD→EUR
From Amount (NZD)NZ$1,000
Fee:NZ$10 NZD (1%)
Exchange Rate:0.5724 (3.99% from mid-rate)
To Amount (EUR)566.68
Total Cost:4.95%
Time:6:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 01/18/2020 - 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 threat of proxy war between the US and Iran in Iraq has pared back some of the gains the Kiwi had made coming into the New Year.

In December the New Zealand dollar has climbed back to US$0.66 it's highest value since July.

Against the Australian dollar, jumped to A$0.96 after being as low as A$0.92 in early November before starting a strong recovery upto current levels above A$0.95.

Robbing New Zealand's currency of better gains in 2019 have been 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.

For more details read the full article NZ dollar news and forecasts.

Read more in the article NZD Forecasts.

 

Euro (EUR)

The Euro spent 2019 on a downwards trajectory, starting the year with highs at US1.1550 but then slid all year until October where it bottomed out at US$1.09 on Oct 1, close to long-term lows. Since then it has climbed back up towards the average rate for the year of US1.12, perhaps due to the less uncertainty around Brexit.

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.

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