Compare Exchange Rates to Buy New Zealand Dollars (NZD)
Traveling to New Zealand is a breeze for Australians and so is buying New Zealand dollars with The Currency Shop foreign currency tool. Find the best deal for buying New Zealand dollars in store, delivery or for collection at the click of a button.
Where to buy New Zealand dollars?
You can buy New Zealand dollars (NZD) from almost every place in Australia that offers currency exchange. It is a very popular currency to exchange to Australian dollars. Places you can make cash transactions and buy New Zealand dollars include online, in-store at money exchangers, banks, Australia Post and the airport.
To find out exactly where you can buy New Zealand dollars, you can use our handy city and suburb guides, just click on the links below:
When is the best time to buy New Zealand dollars with Australian dollars?
Find the best time to buy New Zealand dollars with Australian dollars with our rate tracker. It keeps track on the NZD to AUD or AUD to NZD exchange rate and emails you when the exchange rate gets to the rate your chose to buy New Zealand dollars.
The nzd to aud exchange rate has historically average is close to 0.88, the high was in 0.99 in late 2019 and the low was 0.72 in early 2011, over the past 10 years. Currently its 0.95, so $100 could buy you $95 at the best exchange rate.
The aud to nzd exchange rate has historically average is close to 1.12, the high of 1.37 in early 2011 and the low was in late 2019 at 1.00. Currently its 1.05, so $100 could buy you $105 at the best exchange rate.
What is the cheapest way to buy New Zealand dollars in Australia?
The cheapest way to buy New Zealand dollars (NZD) in Australia is online. Most online money exchangers, like SMoney do not charge a transaction fee and their exchange rates are the same as the cash rate you see on Google.
The most expensive place to buy NZD is at the airport, because they know you have no other options until you get to New Zealand. They charge a commission fee and give very poor foreign exchange rates. For an exchange of $1,000 Australian dollars, you can lose up to $100 at the airport.
The most expensive way to pay for New Zealand dollars is with a credit card. Most credit cards will charge a higher interest rate, up to 20% for cash advances. Therefore if you buy $1,000 at the airport, you will pay an additional $200 for your foreign currency exchange.
How to buy New Zealand dollars in Australia?
Buying New Zealand dollars in Australia is relatively easy.
- Take your valid photo id (driver’s license or passport) with you.
- Bring your preferred payment method. Most places accept cash, debit card and credit card to pay for your New Zealand dollars.
- Ask for the New Zealand dollars amount and the money exchanger will let you know how much Australian dollars you need to pay.
- Make your payment in Aussie dollars and receive your New Zealand dollars.
What are the currency denominations in New Zealand
The coins are called cents and notes are called dollars and represented by the symbol $.
Coins: 5¢, 10¢, 20¢, 50, $1 and $2
Notes: $5, $10, $20, $50 and $100
Currency in New Zealand is very similar to Australia, 100 cents make $1. The forms of payment are also very similar, most places accept cash, debit card and credit card. Best to keep small denominations of cash for smaller items, transport and tips.
How much is $100 worth in New Zealand dollars
Historically the Australian dollar is worth about 1.12 New Zealand dollars, therefore AU$100 will buy you $112.
In some years the exchange rate has been as low as 1.00 New Zealand dollars and it makes buying NZD and spending in New Zealand relatively more expensive for an Australian. In other years the exchange rate has been as high as 1.37 New Zealand dollars, which means it's cheaper for Australians to buy NZD.
Major banks tend to predict the AUD to NZD exchange rate and present reasons why the NZD changes against the Aussie exchange rate.
Why should I choose The Currency Shop?
Many people are not aware of the true cost of transferring money. But it is pretty standard to lose up to 8% of your money each time you transfer money internationally, depending on your method. We think this is far too much. That’s why we help you find the best way to transfer your money and avoid those costly hidden fees and charges. And it works. On average, we save our customers $4,000 each year.
How does it work?
It’s pretty simple. Whether you need travel money or would like to transfer money overseas we just need a little info to point you in the right direction. First, you tell us what you are looking for then we compare hundreds of providers to find the best deal for your current situation. We’ll highlight all the available options and recommend the best one for you. You can then decide which option you prefer, and click through to their site to secure the deal.
Is it safe?
Yes. The Currency Shop holds an Australian Financial Services Licence (462269) and is a member of the Financial Ombudsman Service. We closely vet our providers and only partner with the largest, safest and most trusted money transfer companies in the world. That just makes sense.
What does it cost?
The Currency Shop does not charge you. Instead, we receive a referral fee from the banks and money transfer companies that we are partnered with. This does not affect the price you pay.
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