|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
Understanding the Table:
The comparison table above helps you see the total cost of your Reserve Bank of New Zealand currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
The Reserve Bank Of New Zealand (RBNZ) is the central bank of New Zealand. The role of central banks is to preserve the value of money by keeping inflation low and stable. They do this by controlling the interest rate at which banks can borrow.
Interest rates, inflation, and exchange rates are all intrinsically linked. When the RBNZ manipulates interest rates this impacts both the inflation in New Zealand and also the relative value of the NZ dollar compared to other currencies.
Read our guide to the Relationship between Interest Rates and Currencies.
The Reserve Bank of New Zealand USD to NZD exchange rate is 1.6793. This is 0% compared to the latest USD-NZD mid-market rate 1.6793.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to New Zealand dollar (NZD) rates from different sources before making a conversion.
The above Reserve Bank of New Zealand - Dollar to Kiwi comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Reserve Bank of New Zealand and other foreign exchange providers against the latest USD-NZD mid-rate and the possible savings of using various providers.
Looking at the full USD to NZD - Send Money comparison table the provider with the best USD to NZD exchange rate is OFX at 1.6709, -0.5% from the latest mid-market rate 1.6793.
The next best is XE at 1.6692, -0.6% from the mid-rate.
Then Wise at 1.6684, which is -0.65% from the mid-rate.
The Western Union rate is 1.6625 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 1.557 at -7.3% the Wells Fargo Bank rate is 1.547 at -7.9% and the Citibank rate is 1.6242 at -3.3% compared to the mid-rate 1.6793.
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.
View a full list of exchange rates by selecting your Base (from) currency:
| Best Exchange Rates.com - Compare and Save on Foreign Exchange |
BER is operated by Best Exchange Rates Pty Ltd, a company incorporated under the laws of Australia with company number ABN 68082714841.BER is a comparison website only and not a currency trading platform. BestExchangeRates.com uses cookies. Disclaimer & Terms of Service Privacy
