NZD to EUR Transfers Compared

   

EUR/NZD trades at 1.9823, up 1.2% from the 3-month avg of 1.9589. Analysts note that robust German economic data and ECB's stable outlook boost the euro, while RBNZ's rate cuts and export concerns weigh on the NZD. Traders should monitor key economic updates ahead

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What is the best Send Money conversion rate for NZD to EUR?

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare New Zealand dollar (NZD) to Euro (EUR) rates from different sources before making a conversion.

The above Kiwi to Euro comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest NZD-EUR mid-rate and the possible savings of using various providers. 

How do NZD-EUR rates compare between providers?

The next best is XE at 0.5016, -0.59% from the mid-rate.

Then Wise at 0.5011, which is -0.69% from the mid-rate.

Among the banks the ANZ Bank rate is 0.5614 at 11.3% the BNZ Bank rate is 0.4801 at -4.9% and the TSB Bank rate is 0.477 at -5.5% compared to the mid-rate 0.5046.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.