New Zealand Dollar (NZD) Live Exchange Rate & Remittance Guide

About the New Zealand Dollar

The New Zealand Dollar replaced the New Zealand pound in 1967 and was floated in 1985. Informally called the 'kiwi' after the Kiwi bird featured on the NZ$1 coin. NZD is the 10th most-traded currency despite New Zealand's small economy, partly because of the country's high relative interest rates.

Why NZD matters for remittance

New Zealand's diaspora-heavy population sends NZ$1.5–2 billion in remittances annually, primarily to the Philippines, India, Samoa, Tonga, Fiji, and the UK. Pacific Island corridors are particularly important — the NZD→WST and NZD→TOP routes are lifelines for many island economies.

Compare NZD corridors

See live rates and the best providers for each pair.

New Zealand remittance guide

Country profile for sending money OUT of New Zealand — regulators, top corridors, FAQs.

NZD remittance regulations

Money remittance providers in New Zealand are registered with the Department of Internal Affairs as Reporting Entities under the AML/CFT Act. Transfers over NZ$1,000 require identity verification; transfers over NZ$10,000 are reported. The Financial Markets Authority (FMA) provides additional supervision.

How to send New Zealand Dollar (NZD)

1. 1

   Use bank-to-bank transfer in NZD via a Kiwi bank account; many provider accounts are free.

2. 2

   For Pacific Island corridors, KlickEx and Western Union have the best coverage; Wise is best for India, China, and the Philippines.

3. 3

   ANZ, ASB, and BNZ all offer in-app transfers but charge 1–3% above the mid-market rate; fintechs are noticeably cheaper.

4. 4

   For NZ$10,000+ transfers, OFX and SendFX often beat Wise on rate with no transfer fee.

Currency facts

ISO 4217

554

Sub-unit

100 cents = 1 dollar

Central bank

Reserve Bank of New Zealand (RBNZ)

Daily FX volume

$68 billion/day

Symbol

NZ$

52-week range (vs USD)

0.588 – 0.612

Frequently asked questions