ASB Bank EUR to NZD Exchange Rates & Currency Deals

   

EUR/NZD is currently at 1.9980, 3.1% above its 3-month avg of 1.9385, fueled by Eurozone manufacturing growth but faced with geopolitical tensions over Ukraine. The NZD is pressured by a drop to 3.00% in interest rates from the RBNZ, with more cuts likely. Traders should monitor these factors closely

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

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Euro (EUR) to New Zealand dollar (NZD) rates from different sources before making a conversion.

The above ASB Bank - Euro to Kiwi comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by ASB Bank and other foreign exchange providers against the latest EUR-NZD mid-rate and the possible savings of using various providers. 

How do ASB Bank EUR-NZD rates compare between providers?

The next best is XE at 1.9855, -0.6% from the mid-rate.

Then Wise at 1.9835, which is -0.7% from the mid-rate.

The Western Union rate is 1.9675 which is -1.5% from the mid-rate.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like ASB Bank 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.

 

Compare EUR to NZD Transfer Rates