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Compare NZD to EUR travel money rates

Find the best currency exchange rates (New Zealand Dollar to Euro cash)

 

1 NZD = 0.5918 EUR

This is the current NZD-EUR mid-market exchange rate. The Total Cost of buying foreign currency in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market NZD-EUR exchange rate.

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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

22-December-18: Of late, the 2019 outlook for the New Zealand dollar has taken a turn for the worse. Late in 2018, traders began to speculate that the next move by the RBNZ (probably still a year away or more) might be a rate cut, rather than a hike. A slowdown in global growth was expected and traders sought safer currencies amid a 20 percent October-December fall in US equity markets. December’s NZ GDP report also came in way below economists’ expectations.

In the weeks leading up to this report, the kiwi lost close to 4 percent of its value against both the US dollar and euro, to respective rates of $0.67 and €0.59, and it lost 5.5 percent against the yen, to ¥74.55. Year-to-date values versus the dollar, euro and yen at the time of writing were -5.4, -0.2 and -6.7 percent respectively.

In December, the team at TradingEconomics.com were forecasting NZD/USD 4.4 percent lower 12 months ahead, at $0.64.

Euro (EUR) - Market news and forecasts

11-January-19: 2018 was a mixed year for the euro. A 4.6 percent loss versus the US dollar and a 3 percent loss versus the franc was offset by a near-6 percent gain versus the Australian dollar and small gains against the pound and Canadian dollar.

Risks to the euro in 2019 will include Brexit, slower economic growth and the Italian budget. The main supporting factor is the end of economic stimulus by the ECB, which may or may not be followed by an interest rate hike later in the year.

Forecasts: For the month of January, SEB recommend betting on euro depreciation versus JPY, SEK and NOK on grounds of seasonality.

In the months ahead, EUR/GBP should weaken from levels in the mid-£0.89s (as of January-11) according to Bank of America, since “all pathways are leading to a soft Brexit” — something that would be a shot in the arm to sterling.

For EUR/USD, both Danske Bank and Bank of America retain end-of-year forecasts of $1.25, from rates at the time of writing in the mid-$1.14s. $1.25 represents the equilibrium exchange rate for this pair, BAML researchers said.

Sorry, our travel money calculators are currently only available for comparing exchange rates rates for buying foreign cash and travel money in Australia, Canada, France, Germany, Netherlands, New Zealand, United Kingdom and the USA.

Currency News and Forecasts - New Zealand Dollar

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