Forecasts for the New Zealand Dollar (NZD USD) usually changes from bank to bank and from month to month. This article takes a look at the general trend in NZD USD forecasts and how it might impact you.


The Forecast for the New Zealand Dollar in 2018

The New Zealand Dollar (NZD USD) started 2018 on a lower level of around 68 cents, but has now settled around 72 US cents after some volatility. Most bank analysts predict the NZD to decline slightly by the end of the year to around $0.6500-0.7000.

Transferring Money Overseas

If you’re looking to transfer money overseas, it really depends on the destination you’re moving your money across to. Generally speaking, a weaker New Zealand Dollar means it will be more expensive to transfer money overseas.

Check out the forecasts below for the average exchange cross rates expected in 2018 for the top 3 money transfer destinations.



So far in 2018 the NZD EUR cross rate has been flat around 58 cents to the Euro dollar. However, major banks think the NZD EUR cross rate could move lower in 2018, towards 50 cents.




The NZD GBP cross rate is expected to remain flat from current levels of 0.5174 near term. Longer term outlooks suggest the NZD GBP cross rate could fall towards 0.4500 from relative weakness in the British Pound rather than a stronger NZD.




The NZD AUD exchange rate has been rising steadily since the beginning of the year. For 2018, the major banks are expecting the NZD AUD to rise higher, but are divided on targets for the end of the year. Some are predicting a smaller rise to 0.9174 and others much higher to 0.9882.



How to Find the Cheapest Way to Transfer Money Overseas

Compare The Total Cost

The total cost of the transfer comes down to 2 things:

Money transfer fees

1. Transfer Fees

Every Australian bank and money transfer company will charge you a different fee to send money overseas. Usually it’s between $10 and $32.

Exchange rate margin fees

2. Exchange Rate Margin

There is no “standard” exchange rate. Each bank will offer you a different exchange rate based on the currency you want to send overseas and the amount you need to send.

Provider Exchange
Total (AUD) Rates last updated September 19 2018
XERead Review 1.0929 $0.00 2-3 Days $9,149.55Lowest Cost Option Go to site Read Review
So, sending NZD 10,000 to New Zealand at an exchange rate of 1.0929 will cost you $9,149.55 with no fees.

About XE

XE is a well known and trusted name in the money transfer industry. With over twenty years experience, they now help 33,000 people and 2,000 businesses make transfers each year. Over 60 currencies can be transferred with XE and they pride themselves on the free tools and transparent rates they offer. Click here to read the full review


  • Well known and trusted brand.
  • Very informative website. Extensive information on currency and money transfers.
  • XE App is available on both iOS and Android. It allows you to see the interbank rate for over 100 currencies.
  • XE themselves charge no fees for international money transfers.
  • Offers support for both individuals and businesses when it comes to international money transfers.


  • Cannot pay via cash or cheque. Must pay via bank transfer, BPay is also accepted in Australia.
  • Maximum transfer amount is $500,000USD.
  • While XE compares more than 100 currencies, there are only 60 that are available for money transfers.

TorFXRead Review 1.0923 $0.00 2-3 Days $9,155.07$5.52 more expensive Go to site Read Review
So, sending NZD 10,000 to New Zealand at an exchange rate of 1.0923 will cost you $9,155.07 with no fees.

About TorFX

TorFX are particularly good taking care of customers over the phone but using their website isn't the easiest to use. They don't charge a flat fee which is great but it's important to consider their exchange rates. While, they don't offer fantastic rates for small amounts under $2000 , TorFX offer exceptionally good exchange rates for larger transfers to the UK, New Zealand, South Africa and Europe.


  • No transfer fees
  • Highly competitive exchange rates
  • Secure transfers with authorised
  • Assigned account manager
  • 24 / 7 Assistance
  • Available range of transfer options


  • Limited exotic currencies available
  • Exchange rates on small transfers aren't great
  • Website experience could be better

TransferwiseRead Review 1.0978 $46.55 1-2 Days $9,155.84$6.29 more expensive Go to site Read Review
So, sending NZD 10,000 to New Zealand at an exchange rate of 1.0978 will cost you $9,155.84 which includes a fee of $46.55

About TransferWise

Transparency and an easy online experience are the 2 things that set TransferWise apart from the banks and other money transfer companies. If you prefer to bank online, you'll like TransferWise. Setting up an account and making a transfer is very easy. They are also very clear on the exchange rate and fees you'll pay before you make a transfer. Click here for the full review


  • Clear and transparent exchange rates fees
  • The online experience is first class
  • Like the banks, they are regulated by ASIC and registered with AFSL
  • Constantly bringing out new innovative products


  • There are currently a number of global currencies they do not currently support
  • Limited support based in Australia
  • Percentage based fee can add up on very large transfers

WorldFirstRead Review 1.0912 $0.00 2-3 Days $9,164.28$14.73 more expensive Go to site Read Review
So, sending NZD 10,000 to New Zealand at an exchange rate of 1.0912 will cost you $9,164.28 with no fees.

About World First

World First was founded in 2004 in the UK and has grown rapidly with offices now in the U.S., Canada and throughout Asia. They consistently receive strong customer reviews and in a recent study, 98% of their clients said they would use them again.World First have a strong online offering, particular for businesses selling online. They do provide local support as well with offices in Sydney. Click here to read the full review


  • Low fees and great exchange rates
  • Safe and secure transfers
  • Regulated by ASIC and registered with AFSL
  • Great for personal and business payments


  • Does not accept BPAY, credit card, cheque or cash
  • Limited currencies available

HIFXRead Review 1.0912 $0.00 2-3 Days $9,164.28$14.73 more expensive Go to site Read Review
So, sending NZD 10,000 to New Zealand at an exchange rate of 1.0912 will cost you $9,164.28 with no fees.

About HiFX

HiFX are one of the biggest money transfer companies in the world. Their parent company Euronet is listed on the NASDAQ and recently acquired They are particularly useful for individuals doing regular transfers overseas. HiFX provide competitive exchange rates no matter how much is being transacted. Their $50 minimum transaction size and flat fee makes them a great option for any international payment. Locally, HiFX have Australian offices in Sydney, Melbourne and are expanding to the remaining capital cities. Click here to read the full review


  • Fantastic bank - beating exchange rates
  • Low fees for transactions less than $10, 000
  • No fees for transactions of $10, 000 or more
  • High security transfers regulated by ASIC and FMA
  • Fast and easy for personal or business accounts


  • Only electronic bank transfers accepted
  • Limited exotic currencies
WorldRemitRead Review 1.0875 $2.99 1-2 Days $9,198.14$48.59 more expensive Go to site Read Review
So, sending NZD 10,000 to New Zealand at an exchange rate of 1.0875 will cost you $9,198.14 which includes a fee of $2.99

About WorldRemit

WorldRemit are particularly good for transfers under $10,000 to destinations across Asia, Africa and South America. Sending money online is significantly easier than using companies like Western Union or Moneygram and their exchange rates and fees are clear and transparent. With 2 million users, WorldRemit has a focus on improving access to remittances for the billions people worldwide who don’t have access to banking. Because of this, WorldRemit has a number of ways to both make and receive transfers. They concentrate on servicing individual needs as opposed to businesses. Click here for the full review


  • They have a great network in Asia and Africa and number of receiving options like cash-pick up or bank transfer.
  • They are clear about their exchange rates and fees
  • No minimum amount


  • Maximum transfer sizes for every transfer
  • No support for business customers
  • They are not licensed to provide financial advice.
OFXRead Review 1.0813 $0.00 1-3 Days $9,248.13$98.58 more expensive Go to site Read Review
So, sending NZD 10,000 to New Zealand at an exchange rate of 1.0813 will cost you $9,248.13 with no fees.

About OFX

OFX (formally known as Ozforex) is the largest Australian owned money transfer company. It launched in 1998 and grew rapidly until finally listing on the Australian Stock Exchange in 2013. OFX excels in 2 areas – Online experience and customer service. The company was born online and continues to develop easy, intuitive products. While OFX customers do most of their transactions online, they are backed up with exceptional customer service.


  • Better exchange rates compared to banks
  • Highly safe and secure transfers
  • 1 - 2 days delivery times for most countries
  • Quick response time
  • Fantastic customer service


  • Credit cards, cheques and cash are not accepted
  • Transfers to Thailand can take up to 4 days
  • Fees for transfers smaller transfers

ANZRead Review 1.0585 $0.00 1-2 Days $9,447.33$297.78 more expensive Go to site Read Review
So, sending NZD 10,000 to New Zealand at an exchange rate of 1.0585 will cost you $9,447.33 with no fees.
ANZ International Money Transfer is a secure and fast way to transfer money overseas.


  • Fast transfers
  • Safe and secure
  • No fee for transfers under $10 000 via Internet banking


  • $12 fee for transfers under $10 000 via Internet banking
  • Poor exchange rates
  • 24 hour hotline not available

Commonwealth BankRead Review 1.0489 $12.00 1-2 Days $9,545.80$396.25 more expensive Go to site Read Review
So, sending NZD 10,000 to New Zealand at an exchange rate of 1.0489 will cost you $9,545.80 which includes a fee of $12.00
Commonwealth Bank provides secure and easy transfers to over 200 countries and more than 30 currencies.


  • Fast transfers+ Easy transfers
  • Security guarantee covers any losses from unauthorised transactions


  • $6 fee for transfers under $1000 via Internet banking
  • $12 fee for transfers under $1000 via Internet banking
  • Poor exchange rates

WestpacRead Review 1.0452 $10.00 1-2 Days $9,577.55$428.00 more expensive Go to site Read Review
So, sending NZD 10,000 to New Zealand at an exchange rate of 1.0452 will cost you $9,577.55 which includes a fee of $10.00
Westpac is one of the big four banks in Australia offers speedy and secure transfers.


  • Fast payment processing times
  • Secure transfers


  • Must be Westpac account holder
  • $20 fee for transfers via Internet or phone banking
  • $32 fee for transfers at an ANZ branch
  • Poor exchange rates


How does a weak NZ dollar affect me?

A weaker New Zealand dollar isn’t great for New Zealanders living in Australia and other places abroad. Those who have moved to overseas locations will see a decline in overall spending power if they are servicing their lifestyles with NZD payments. The the NZD could improve in 2018, but the outlook is uncertain and most bank analysts are expecting further weakness.

If you want to have some certainty for your money transfers even when the New Zealand dollar is expected to remain weak, you can check out our currency calculator for the best rates from different money transfer providers.

With the NZD falling, New Zealanders can expect an increase in tourists, probably from Australia, being the immediate neighbour. While holidays for foreigners going to New Zealand will be cheaper, it won’t be a great time for New Zealanders to travel overseas next year.

Saying that, if you do want to do some travel you should book for the first half of the year where you might be getting a better exchange rate than in the latter half of the year. Find out more about travelling to New Zealand here.

What are 3 key influences on the New Zealand Dollar?

1. New Zealand Economy

The New Zealand economy is growing as evidenced by greater exports than imports and low unemployment, but there are worries around the country’s housing sector. As a result, the NZD is falling.

2. New Zealand Politics

The political scene in New Zealand has generated uncertainty, with a new Labour government voted in place in September. Greater uncertainty from politics means investors will sell the NZD, because there is a greater chance of it getting weaker. This is particularly if government policies are deemed as unhelpful for economic growth.

3. Other Currencies

The US dollar (USD) has a significant influence on the New Zealand Dollar. Generally, when the USD gets stronger, the NZD is relatively weaker and vice versa.

General advice: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.

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Buying travel money or transferring money overseas can be expensive and confusing. So how do you make the best choice and get the most out of your money?

An easy way is to use a comparison table for either international money transfers or currency exchange. These tables list and compare the banks with other large foreign exchange companies.

We’ve also put together tons of helpful videosguides and reviews that will help you make the right decision. You can work out a cheaper way of converting currency while still keeping your money safe.