Send money internationally to New Zealand (NZD) using the mid-market exchange rate. Check and compare the rates from the major financial providers.
Send money to New Zealand
What is the best NZD exchange rate today?
How much does it cost to send money to New Zealand?
- International money transfers shouldn’t be expensive.
- Make sure your provider doesn’t add hidden fees or bad exchange rates to your money transfer.
- You should choose a provider that uses the mid-market exchange rate to convert your money.
Who sends money to New Zealand?
Three categories of people are in need to move money to New Zealand
- first New Zealand migrants who live abroad. New Zealand has a wide diaspora of around 15% of its population. On the 755'000 new zealanders who live outside their country, the majority are residing in Australia (580'000). Then they are spread mainly in English-speaking countries such as the United Kingdom, the United States of America, Brunei and Canada.
- New Zealand residents who were born overseas.
- travellers to New Zealand as the country is very attractive and touristic.
The country received over 420 millions of US dollars in 2015 (World Bank report). The remittances mainly come from Australia for 323 millions. It is not surprising as Australia is home for many 'Kiwis' (New Zealand people) because the country offers good job opportunities and is pleasant. Also many Australians go to New Zealand in vacation. That makes the two countries very close and all those people are in need to send money to New Zealand.
Some remittances are also sent from the United Kingdom ($30 million), from the United States ($16 million), from Brunei Darussalam ($14 million) and Canada ($7 million).
What are my options to move money to New Zealand?
The solutions are numerous to transfer money to New Zealand
- Banks: most used solution. Secure but expensive
- Cash services: if you're in an urgent need of cash while travelling to New Zealand this is the fastest option. As a traveller you certainly don't have a bank account so the best way to have money there is to collect cash directly at an agency. You can do this with Western Union for example.
- Money transfer companies: the cheapest option as these companies are specialised in money transfers. A wide range of operators exist for a transfer to New Zealand.
How to choose the best way to send money to New Zealand?
Depending on your current need, the best to get New Zealand dollar will not be the same. That's why you need to compare your options each time you transfer. Look at:
- Exchange rate used for the transaction. Choose the one that is the closest to the real market rate.
- Transaction fee. Keep in mind that high exchange rate will often come with a higher fee.
- Transfer methods. Choose the way you need to send the money (bank transfer, credit card, debit card,...) and the way the recipient needs to receive the money (bank deposit, cash, prepaid card, mobile phone,..)
- Transfer time. If you're in a hurry choose a fast service. Fast services will certainly be more expensive.