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NZD to INR - Rate Guide

New Zealand Dollar to Indian Rupee 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/INR update & alerts

1 NZD = 45.99 INR

NZD to INR - Trading Range (90 Day)
no alerts
90-DAY TREND: At 45.93 NZD/INR is trading 1.4% above the average 45.3 with a range 44.26 to 46.31. There are no current alerts. Updated: 08:01-AEDT 21:01-GMT 16:01-EST

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NZD/INR Exchange Rates and Providers Compared

This guide to the New Zealand Dollar to Indian Rupee exchange rate with 90-day chart & alerts, historic rates, forecasts and NZD to INR 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/INR Quick Calculator.

Looking for INR travel money? Then it is important to note that the Indian Rupee is a closed currency. Which means that it is more difficult (but not impossible) to purchase the currency before departure and may need to buy it upon arrival. For more information and a full list of closed currencies read our guide: What is a closed currency?

A good solution for closed currencies is to use a pre-paid travel card to avoid carrying large amounts of cash and also minimise ATM fees. Compare Travel Cards

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/INR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

NZD to INR International Money Transfers

  

Foreign Transfer ProvidersReceive INR(₹)Exchange RateFee NZDTotal CostDeal Links
OFX logo
447,200
Best Overall
44.720^2.79%
WorldFirst logo
457,800
₹10,600 more
45.7800.49%
XE logo
457,400
₹10,200 more
45.7400.58%
HSBC logo
437,742
₹9,458 less
43.84NZ$154.85%
ANZ Bank logo
434,117
₹13,083 less
43.49185.64%
Banks - Average Rate
ANZ Bank logo HSBC logo BNZ Bank logo TSB Bank logo
433,240
₹13,960 less
43.58225.83%
TSB Bank International Money Transfers
TSB Bank logo
431,442
₹15,758 less
43.58NZ$1006.22%
BNZ Bank International Money Transfers
BNZ Bank logo
429,660
₹17,540 less
43.4NZ$1006.61%
 

OFX logo

OFX: Foreign Transfer NZD→INR
From Amount (NZD)NZ$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:44.72 (2.79% from mid-rate)
To Amount (INR)447,200
Total Cost:2.79%
Time:
Rate Fetched: Fri Nov 22 2019 05:08:06 GMT+0000 (UTC)
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→INR
From Amount (NZD)NZ$10,000
Fee:
Exchange Rate:45.78 (0.49% from mid-rate)
To Amount (INR)457,800
Total Cost:0.49%
Difference:
₹10,600 INR more than using OFX
Time:6:05 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→INR
From Amount (NZD)NZ$10,000
Fee:0
Exchange Rate:45.74 (0.58% from mid-rate)
To Amount (INR)457,400
Total Cost:0.58%
Difference:
₹10,200 INR more than using OFX
Time:6:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer NZD→INR
From Amount (NZD)NZ$10,000
Fee:NZ$15 NZD (.15%)
Exchange Rate:43.84 (4.71% from mid-rate)
To Amount (INR)437,742
Total Cost:4.85%
Difference:
₹9,458 INR less than using OFX
Time:6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

ANZ Bank logo

ANZ Bank: Foreign Transfer NZD→INR
From Amount (NZD)NZ$10,000
Fee:18
Exchange Rate:43.49 (5.47% from mid-rate)
To Amount (INR)434,117
Total Cost:5.64%
Difference:
₹13,083 INR less than using OFX
Time:6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer NZD→INR
From Amount (NZD)NZ$10,000
Fee:22
Exchange Rate:43.71 (4.99% from mid-rate)
To Amount (INR)433,240
Total Cost:5.83%
Difference:
₹13,960 INR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

TSB Bank logo

TSB Bank: Foreign Transfer NZD→INR
From Amount (NZD)NZ$10,000
Fee:NZ$100 NZD (1%)
Exchange Rate:43.58 (5.27% from mid-rate)
To Amount (INR)431,442
Total Cost:6.22%
Difference:
₹15,758 INR less than using OFX
Time:6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

BNZ Bank logo

BNZ Bank: Foreign Transfer NZD→INR
From Amount (NZD)NZ$10,000
Fee:NZ$100 NZD (1%)
Exchange Rate:43.4 (5.66% from mid-rate)
To Amount (INR)429,660
Total Cost:6.61%
Difference:
₹17,540 INR less than using OFX
Time:6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 11/22/2019 - 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 INR(₹)Exchange RateFee NZDTotal CostDeal Links
TSB Bank Foreign Currency
TSB Bank logo
42,768
Compare
43.2NZ$107.04%
Banks - Average Rate
BNZ Bank logo TSB Bank logo
42,616
₹152 less
43.16NZ$107.37%
BNZ Bank Foreign Currency
BNZ Bank logo
42,463
₹305 less
43.11NZ$157.7%
 

TSB Bank logo

TSB Bank: Travel Money NZD→INR
From Amount (NZD)NZ$1,000
Fee:NZ$10 NZD (1%)
Exchange Rate:43.2 (6.1% from mid-rate)
To Amount (INR)42,768
Total Cost:7.04%
Time:6:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money NZD→INR
From Amount (NZD)NZ$1,000
Fee:NZ$10 NZD (1%)
Exchange Rate:43.73 (4.95% from mid-rate)
To Amount (INR)42,616
Total Cost:7.37%
Currency Services:Branch
Delivery/Collect:-
 

BNZ Bank logo

BNZ Bank: Travel Money NZD→INR
From Amount (NZD)NZ$1,000
Fee:NZ$15 NZD (Minimum fee)
Exchange Rate:43.11 (6.29% from mid-rate)
To Amount (INR)42,463
Total Cost:7.7%
Time:6:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 11/22/2019 - See full table

NZD and INR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the NZD vs INR, 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.

 

Indian Rupee (INR)

The rupee is doing remarkably well in what is normally a seasonally weak time of year and despite a 35 percent rise in the oil price this year (oil is India's largest import).

In early May, by the narrowest of margins, the rupee reached a 16-month high against the Australian dollar (₹48.4), before falling back slightly. It rose towards long-term highs against the euro (₹77.3) and was flat on the year against the US dollar (₹69.2), although it was 8 percent higher against the greenback than it had been in October of last year.

Read more in the article INR Forecasts.

Why can't I just get the NZD/INR 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 / INR 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