The best NZD to EUR rate is 0.5624, and is the current mid-market exchange rate. We help you compare New Zealand dollar to Euro rates and costs to this live market rate.
In this kiwi to Euro (NZD/EUR) rate guide:
NZD to EUR 
Exchange rates can vary significantly between different currency exchange providers, so it's important to compare New Zealand dollar (NZD) to Euro (EUR) 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 Euro currency rates and the possible savings of using various providers.
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New Zealand dollar (NZD) to Euro (EUR) market data - latest interbank mid-rate, trend, chart & historic rates.
| Date | NZD/EUR | Change | Period |
|---|---|---|---|
14 Nov 2023 | 0.5520 | 1.1% ▲ | 2 Week |
30 Aug 2023 | 0.5448 | 2.4% ▲ | 3 Month |
28 Nov 2022 | 0.5959 | 6.4% ▼ | 1 Year |
29 Nov 2018 | 0.6026 | 7.4% ▼ | 5 Year |
30 Nov 2013 | 0.5981 | 6.7% ▼ | 10 Year |
03 Dec 2003 | 0.5363 | 4% ▲ | 20 Year |
As we step into 2024, the New Zealand Dollar (NZD) is bathed in a cautiously optimistic light by currency forecasters, who suggest a potential uptick especially from the second quarter onwards. The NZD, which suffered a 20% decline against the US dollar in the preceding year due to a flight to safety amidst the Ukraine crisis and a hawkish Federal Reserve, is seen regaining ground as the USD is expected to soften with the Federal Reserve likely easing policies. Positive sentiment is further bolstered as the NZD, although considered somewhat undervalued, wears the crown as the highest-yielding G10 currency after the USD. The Reserve Bank of New Zealand may contemplate interest rate cuts come summer 2024, with a pivotal remit change towards stricter inflation targeting possibly keeping rates elevated longer, offering support to the NZD. Nevertheless, its fortunes remain tied to overarching economic risks, including persistent inflation, potential recession, and volatility in vital dairy product prices.
Read our full NZD to EUR forecasts analysis
There are several ways to save on exchange rates when converting New Zealand dollar to Euro:
Generally speaking, if you are buying Euro with New Zealand dollar, then it's better for the NZD/EUR 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/EUR 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 the Eurozone - a practical currency and money guide to travel, living and doing business in the Eurozone with the Euro.
The cost of living varies greatly within the Eurozone, and it depends on various factors such as housing, transportation, healthcare, and taxes. However, some of the countries in the Eurozone with relatively lower cost of living include:
Greece: Greece has a relatively low cost of living compared to other Eurozone countries.
Portugal: Portugal has a lower cost of housing than in other Eurozone countries.
Spain: Spain also has a relatively low cost of living, particularly in the southern regions such as Andalusia and Murcia.
Ireland: Ireland has a relatively low cost of living, particularly in the regions outside the main cities like Dublin.
Read more at our Eurozone (EUR) 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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