There are two ways of exchanging currency at a post office in NZ. These banks also provide daily updates of exchanging rates on their websites, so you can easily check the rates before heading for currency exchange.Ĭurrency Exchange in New Zealand Through Post Offices Currency Exchange in New Zealand Through BanksĪlthough New Zealand banks do not provide the cheapest exchange rates in case of most currencies, they are the best options if you want to buy currencies like the Chinese Yuan and the South African Rand. The exchange rates here are also very good and are way better than any New Zealand bank. It has a large number of stores and pick-up locations making it very easy to order online. Travelex: It is the largest retail foreign exchange company in New Zealand, licensed to provide currency in cash, drafts, foreign currency bank cheques, telegraphic transfers, traveller's cheques and travel cards.
Timing: Monday - Friday 9:00 AM to 5:00 PM, Saturday & Sunday 10:00 AM to 4:00 PM. It is best if you want to exchange in-store, however, it is not that great in case of online services.Īddress: 76 Quay St, Auckland and 228 Queen Street (inside Burger King), Auckland. It has more than 20 stores in New Zealand with 11 of them in Auckland. Lotus Foreign Exchange: This exchange rate also has a wide range of currencies in stock, although the stock can vary depending on the day. Timing: Monday - Friday 9:00 AM to 6:00 PM, Saturday & Sunday 9:30 AM to 6:00 PM. They have an amazing range of currencies available with them with a stock of over sixty different currencies! What makes it better is that they do not charge any commission or fee. Travel Money NZ: Travel Money NZ is extremely convenient due to their large network of more than ten stores across the city that are open late and on weekends. Buying currency online takes two to four days so it might not be suitable in case you need it last minute. Also, if you want to get the best exchange rates, ordering the currency online and then picking it up in-store is a better option because the exchange rates online are much better than the in-store ones. The fees for exchanging currency ranges from a small percentage to a fixed rate, so be aware of all the rates and providers. There is no best way or the best place to exchange currency in NZ. Places for Currency Exchange in New Zealand Source There are four large banks in New Zealand - Australia and New Zealand Banking Group, ASB Bank, Westpac New Zealand and the Bank of New Zealand. Obtain all necessary information from the bank before you leave home.ĭue to the country's proximity to Australia, its banking industry is dominated by Australian-owned banks. International credit cards and ATM cards are operational under the condition that they must have a four-digit PIN encoded. Automated Teller Machines (ATMs) are commonly available at banks, main shopping streets and in malls. New Zealand banks are open from Monday to Friday, from 9.30 am to 4.30 pm.
As a result, its value fluctuates depending on current supply and demand.Īs of, the currency exchange rates of the New Zealand Dollar are as follows: The New Zealand Dollar (NZD or NZ$) originally had a fixed exchange rate, pegged to the US Dollar, but now it has a floating exchange rate.
Rate of Currency Exchange in New Zealand Source Major credit cards like MasterCard and Visa are accepted widely and can be conveniently used in New Zealand. Currency is exchangeable at banks, hotels and Bureau de Change kiosks which are found at international airports and city centres. The currency consistently ranks among the top ten most exchanged monetary forms in the world.Ĭurrency exchange in New Zealand Dollar is relatively simple, both outside the country and especially within the country. The central bank of New Zealand is the Reserve Bank of New Zealand. There are ten denominations of the currency in total which are used in the country. The New Zealand Dollar is also known as "Kiwi" after the country’s national bird. Rates displayed for 1 mth, 2 mths, 3 mths and 6 mths periods are Commercial Forward Rates.New Zealand Dollar is the official currency of New Zealand along with other places like Niue, Tokelau, Cook Islands and the Pitcairn Islands. 'Previous' rates are calculated at close of business on the previous business day. Rates displayed are delayed market information and subject to change. Last updated with delayed information 4:30:04 AM, Saturday, 29 October 2022 ASB Bank Exchange rates are for cleared funds over NZD 1,000,000 and are not for cash, cheques or drafts. Information displayed is delayed market information.
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