The best NZD to CAD rate is 0.8395, and is the current mid-market exchange rate. We help you compare New Zealand dollar to Canadian dollar rates and costs to this live market rate.
In this kiwi to loonie (NZD/CAD) rate guide:
NZD to CAD 
Exchange rates can vary significantly between different currency exchange providers, so it's important to compare New Zealand dollar (NZD) to Canadian dollar (CAD) rates from different sources before making a conversion.
The below Rate Comparison Table makes it easy to compare the Total Cost you are being charged on kiwi to loonie currency rates and the possible savings of using various providers.
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New Zealand dollar (NZD) to Canadian dollar (CAD) market data - latest interbank mid-rate, trend, chart & historic rates.
| Date | NZD/CAD | Change | Period |
|---|---|---|---|
14 Nov 2023 | 0.8226 | 1.2% ▲ | 2 Week |
30 Aug 2023 | 0.8059 | 3.3% ▲ | 3 Month |
28 Nov 2022 | 0.8314 | 0.2% ▲ | 1 Year |
29 Nov 2018 | 0.9113 | 8.6% ▼ | 5 Year |
30 Nov 2013 | 0.8626 | 3.5% ▼ | 10 Year |
03 Dec 2003 | 0.8428 | 1.2% ▼ | 20 Year |
The New Zealand Dollar (NZD) to Canadian Dollar (CAD) exchange rate has exhibited strength, with the NZD reaching 90-day highs near 0.8306, which is 2.5% above its three-month average of 0.8104. According to currency market updates, this performance comes amidst a stable trading range, with the NZD/CAD pair moving within a relatively tight 4.1% margin from 0.7979 to 0.8306. Major banks and financial institutions maintain a cautiously optimistic outlook for the NZD in 2024. FX analysts expect the Kiwi to rally, especially from the second quarter of 2024, as a forecasted decline in the USD, attributed to anticipated Federal Reserve easing, may provide tailwinds. Additionally, a potential rate cut by the Reserve Bank of New Zealand in the summer of 2024, combined with stricter inflation targeting, could lead to higher rates that favor the NZD, although it is not without risks such as persisting inflation, economic downturns, and volatile dairy prices.
Read our full NZD to CAD forecasts analysis
There are several ways to save on exchange rates when converting New Zealand dollar to Canadian dollar:
Generally speaking, if you are buying Canadian dollar with New Zealand dollar, then it's better for the NZD/CAD exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
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.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add NZD/CAD to your personalised BER Smart Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.
Read our Currency guide to Canada - a practical currency and money guide to travel, living and doing business in Canada with the Canadian dollar.
| New Zealand (NZD) | Canada (CAD) |
Here are a few things to consider when sending money to Canada:
Fees: Different banks and money transfer services charge different fees for international money transfers. Shop around to find the best deal and compare the fees charged by different providers.
Exchange rate: The exchange rate is the rate at which one currency is converted into another. Keep an eye on the exchange rate when sending money to Canada, as it can fluctuate and impact the amount of money you receive.
Transfer speed: Some money transfer providers offer faster transfer speeds than others. If you need the money to arrive in Canada quickly, consider a provider that offers expedited transfer speeds for an additional fee.
Read more at our Canada (CAD) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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