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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 = 46.97 INR

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NZD to INR - Trading Range (90 Day)
14-DAY LOW (2d)
NZD/INR at 46.99 is trading 1.7% above the 90-day average 46.21 with a range 44.76 to 47.98. There are no current rate alerts.
17-Jan-2020 16:NY 21:LON 08:SYD+1d

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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
XE logo
467,000
Best Overall
46.700.58%
OFX logo
456,300
₹10,700 less
45.630^2.86%
WorldFirst logo
467,400
₹400 more
46.7400.5%
HSBC logo
446,729
₹20,271 less
44.74NZ$154.9%
ANZ Bank logo
442,901
₹24,099 less
44.37185.71%
Banks - Average Rate
ANZ Bank logo HSBC logo BNZ Bank logo TSB Bank logo
442,039
₹24,961 less
44.46225.89%
TSB Bank International Money Transfers
TSB Bank logo
440,154
₹26,846 less
44.46NZ$1006.3%
BNZ Bank International Money Transfers
BNZ Bank logo
438,372
₹28,628 less
44.28NZ$1006.67%
 
XE logo
XE: Foreign Transfer NZD→INR
From Amount (NZD)NZ$10,000
Fee:0
Exchange Rate:46.7 (0.58% from mid-rate)
To Amount (INR)467,000
Total Cost:0.58%
Time:6:08 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
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:45.63 (2.86% from mid-rate)
To Amount (INR)456,300
Total Cost:2.86%
Difference:
₹10,700 INR less than using XE
Time:
Rate Fetched: Sat Jan 18 2020 06:08:05 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:46.74 (0.5% from mid-rate)
To Amount (INR)467,400
Total Cost:0.5%
Difference:
₹400 INR more than using XE
Time:6:08 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer NZD→INR
From Amount (NZD)NZ$10,000
Fee:NZ$15 NZD (.15%)
Exchange Rate:44.74 (4.75% from mid-rate)
To Amount (INR)446,729
Total Cost:4.9%
Difference:
₹20,271 INR less than using XE
Time:6:08 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:44.37 (5.54% from mid-rate)
To Amount (INR)442,901
Total Cost:5.71%
Difference:
₹24,099 INR less than using XE
Time:6:08 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:44.62 (5.01% from mid-rate)
To Amount (INR)442,039
Total Cost:5.89%
Difference:
₹24,961 INR less than using XE
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:44.46 (5.35% from mid-rate)
To Amount (INR)440,154
Total Cost:6.3%
Difference:
₹26,846 INR less than using XE
Time:6:08 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:44.28 (5.73% from mid-rate)
To Amount (INR)438,372
Total Cost:6.67%
Difference:
₹28,628 INR less than using XE
Time:6:08 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.


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 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.

 

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