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NZD/PHP - Convert Compare Save

New Zealand Dollar to Philippine Peso 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.

 

This resource page for the New Zealand Dollar to Philippine Peso exchange rate, has news, forecasts and NZD to PHP comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

NZD/PHP Exchange Rates - How to Compare & Save

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

 
Foreign Transfer ProvidersReceive PHP(₱)Exchange RateFee NZDTotal CostDeal Links
OFX logo
324,100 PHP
Best Overall
32.410^3.54%
HSBC logo
317,323 PHP
6,777 PHP
31.78$155.56%
ANZ Bank logo
314,633 PHP
9,467 PHP
31.52186.36%
Banks - Average Rate
ANZ Bank logo HSBC logo BNZ Bank logo TSB Bank logo
313,988 PHP
10,112 PHP
31.58226.55%
TSB Bank International Money Transfers
TSB Bank logo
312,642 PHP
11,458 PHP
31.58$1006.95%
BNZ Bank International Money Transfers
BNZ Bank logo
311,355 PHP
12,745 PHP
31.45$1007.34%
 
OFX: Foreign Transfer NZD→PHP
NZD amount:$10,000 NZD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:32.41 (3.54% from mid-rate)
PHP amount:324,100 PHP
Total Cost:3.54%
Time:
Rate Fetched: Mon Aug 19 2019 16:08:36 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer NZD→PHP
NZD amount:$10,000 NZD
Fee:$15 NZD (.15%)
Exchange Rate:31.78 (5.42% from mid-rate)
PHP amount:317,323 PHP
Total Cost:5.56%
Difference:
6,777 PHP less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
ANZ Bank: Foreign Transfer NZD→PHP
NZD amount:$10,000 NZD
Fee:18
Exchange Rate:31.52 (6.19% from mid-rate)
PHP amount:314,633 PHP
Total Cost:6.36%
Difference:
9,467 PHP less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer NZD→PHP
NZD amount:$10,000 NZD
Fee:22
Exchange Rate:31.92 (5% from mid-rate)
PHP amount:313,988 PHP
Total Cost:6.55%
Difference:
10,112 PHP less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

TSB Bank logoTSB Bank

TSB Bank: Foreign Transfer NZD→PHP
NZD amount:$10,000 NZD
Fee:$100 NZD (1%)
Exchange Rate:31.58 (6.01% from mid-rate)
PHP amount:312,642 PHP
Total Cost:6.95%
Difference:
11,458 PHP less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

BNZ Bank logoBNZ Bank

BNZ Bank: Foreign Transfer NZD→PHP
NZD amount:$10,000 NZD
Fee:$100 NZD (1%)
Exchange Rate:31.45 (6.4% from mid-rate)
PHP amount:311,355 PHP
Total Cost:7.34%
Difference:
12,745 PHP less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/19/2019 - 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 PHP(₱)Exchange RateFee NZDTotal CostDeal Links
TSB Bank Foreign Currency
TSB Bank logo
31,235 PHP
Compare
31.55$107.04%
Banks - Average Rate
BNZ Bank logo TSB Bank logo
31,122 PHP
113 PHP
31.52$107.38%
BNZ Bank Foreign Currency
BNZ Bank logo
31,008 PHP
227 PHP
31.48$157.72%
Travelex Online NZ logo
30,412 PHP
823 PHP
30.41180^9.49%
 

TSB Bank logoTSB Bank

TSB Bank: Travel Money NZD→PHP
NZD amount:$1,000 NZD
Fee:$10 NZD (1%)
Exchange Rate:31.55 (6.1% from mid-rate)
PHP amount:31,235 PHP
Total Cost:7.04%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money NZD→PHP
NZD amount:$1,000 NZD
Fee:$10 NZD (1%)
Exchange Rate:31.94 (4.94% from mid-rate)
PHP amount:31,122 PHP
Total Cost:7.38%
Currency Services:Branch
Delivery/Collect:-
 

BNZ Bank logoBNZ Bank

BNZ Bank: Travel Money NZD→PHP
NZD amount:$1,000 NZD
Fee:$15 NZD (Minimum fee)
Exchange Rate:31.48 (6.31% from mid-rate)
PHP amount:31,008 PHP
Total Cost:7.72%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travelex Online NZ: Travel Money NZD→PHP
NZD amount:$1,000 NZD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:30.4118 (9.49% from mid-rate)
PHP amount:30,412 PHP
Total Cost:9.49%
Time:
Rate Fetched: Mon Aug 19 2019 16:45:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 08/19/2019 - See full table

NZD to PHP interbank exchange rate = 33.5901

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on NZD/PHP exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

NZD and PHP in the Markets

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

 

Philippine Peso (PHP)

It’s been a solid start to 2019 for the Philippine peso, which is up slightly (between 0.6 and 2 percent) against the US dollar, Australian dollar and euro. The peso has rebounded from 13-year lows struck in the fourth quarter of last year courtesy of economic reforms, proposed fiscal spending and an S&P credit rating upgrade.

The peso slipped in the week leading up to May’s Bangko Sentral ng Pilipinas meeting, with traders correctly forecasting an interest rate cut (the first since 2016). The BSP is able to lower rates because inflation has halved over the past 6 months and is back at targeted levels.

The peso steadied post-BSP at levels near 52.2 per USD but might be pressured in the months ahead from further policy easing, which hasn’t been ruled out.

Per an ING analyst, the BSP will be comfortable with peso exchange rates between 52 and 55 per USD, but beyond these levels they might intervene in markets. ING is forecasting USD/PHP at 54 at year-end.

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