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    Best NZD to CAD Exchange Rates Compared Live

    The best NZD to CAD exchange rate is 0.8348. We compare conversion costs to this mid-market rate and other FX providers, find better rates & deals.

    New Zealand dollar to Canadian dollar (NZDCAD) rate guide contents:

    Compare NZD-CAD exchange rates

    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.

    This Kiwi to Loonie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest NZD-CAD mid-rate and the possible savings of using another provider.

     

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    @bestfxrates : #NZDCAD exchange rate dips to 0.8226 amid weaker NZD after RBNZ scales back rate hike bets. Despite this, 2024's outlook for NZD remains cautiously optimistic, with potential rally in Q2. CAD sees mixed performance with weaker oil-CAD correlation. Watch oil prices for CAD moves. #ForexUpdate

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    NZD to CAD Market Data

    New Zealand dollar (NZD) to Canadian dollar (CAD) market data - latest interbank mid-rate, trend, chart & historic rates.

     
    1 NZD =
    0.8348We compare provider deals to this wholesale mid-market rate. Read more
    CAD
    +0.1%
    ๐Ÿ“ˆ1M
    NZD to CAD is at 30-day highs near 0.8351, just 0.6% above its 3-month average of 0.83, having traded in a very stable 2.7% range from 0.8170 to 0.8391
    |
    Sell NZD   โ†’   Buy CAD
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    DateNZD/CADChangePeriod
    07 Feb 2024
    0.8224
    1.5% โ–ฒ2 Week
    23 Nov 2023
    0.8284
    0.8% โ–ฒ3 Month
    21 Feb 2023
    0.8413
    0.8% โ–ผ1 Year
    22 Feb 2019
    0.8992
    7.2% โ–ผ5 Year
    23 Feb 2014
    0.9191
    9.2% โ–ผ10 Year
    26 Feb 2004
    0.9226
    9.5% โ–ผ20 Year
    NZD/CAD historic rates & change to 21-Feb-2024

    Forecasts for NZD to CAD

     

    According to recent exchange rate forecasts and market updates, the New Zealand Dollar (NZD) is facing some challenges. The NZD has slumped as business inflation expectations came in below expectations, leading investors to scale back bets on further interest rate hikes from the Reserve Bank of New Zealand (RBNZ). This has weakened the NZD against its peers. However, the outlook for the NZD in 2024 is cautiously optimistic, with major banks and financial institutions expecting the currency to rally, especially in the second quarter, as the USD declines. The NZD is viewed as somewhat undervalued but is the highest-yielding G10 currency after the USD. Potential risks to the currency include persistent inflation and its impact on households, a potential recession, and fluctuating dairy product prices.

    Read our full review of recent NZD to CAD forecasts.

     

    How to get a good NZD to CAD exchange rate

    There are several ways to save on exchange rates when converting New Zealand dollar to Canadian dollar:

    1. Shop around for the best NZD/CAD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the NZD/CAD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both NZD and CAD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    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.

    Will the New Zealand dollar rise against the Canadian dollar?

    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 Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

    Keep track of currency Trends; Up๐Ÿ“ˆ or Down๐Ÿ“‰ trends over periods from 1 week (1W) to 3 months (3M).

    Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


     

    Read our Currency guide to Canada - a practical currency and money guide to travel, living and doing business in Canada with the Canadian dollar.

     
     
     

    Country Currency Guides

    New ZealandNew Zealand (NZD)CanadaCanada (CAD)
     

    Here are a few things to consider when sending money to Canada:

    1. 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.

    2. 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.

    3. 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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