NZD to USD Transfers Compared

   

The USD/NZD rate is at 1.6787, near its 3-month average, fluctuating within a 4.8% range. Analysts see the USD pressured by rising inflation and possible Fed rate cuts, while the NZD faces challenges from RBNZ cuts and US tariffs on exports. Monitoring PMI & sentiment data will be crucial for upcoming trends

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

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 US dollar (USD) rates from different sources before making a conversion.

The above Kiwi to Dollar 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-USD mid-rate and the possible savings of using various providers. 

How do NZD-USD rates compare between providers?

The next best is XE at 0.592, -0.6% from the mid-rate.

Then Wise at 0.5914, which is -0.71% from the mid-rate.

Among the banks the ANZ Bank rate is 0.6119 at 2.7% the BNZ Bank rate is 0.5647 at -5.2% and the TSB Bank rate is 0.5612 at -5.8% compared to the mid-rate 0.5956.

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.