Sending a larger amount to ? Request a Free    Multi-Vendor Quote
Recent Transfers
Request a Multi-Vendor Transfer Quote
NzForex Foreign Exchange Transfers
Quick Calc

Best Exchange Rates | Compare Foreign Exchange Rates from Banks & Currency Providers

         Intn'l Transfer Rates

NZD/USD Exchange Rate

NZD 1.00 = USD Reference Mid-Rate       /
Exchange Rates are different for International Bank Transfers & Travel Cash/Cards   Select
BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your International Money Transfers and Travel Money/Card transactions. We also provide currency converter calculators, up-to-date foreign exchange research, news, charts and information on currency vendors.

Wednesday, 24 September 2014 - Market Commentary
Daily currency news provided by OzForex

Positive Chinese numbers helped boost the Australian dollar on Tuesday after a night where the higher yielding currency was heavily sold off. Recent concerns over the health of China’s economy have surfaced lately due to speculation over downgrading of growth expectations and as China is Australia’s largest trading partner this has been concerning. Just before midday the market witnessed as expansionary HSBC flash manufacturing numbers were released and this was taken in an optimistic light, leading the AUD above the US89 cent threshold. Overnight strong manufacturing data halted the Aussie’s rally and the AUD opens this morning weaker at 0.8841. The CB leading index will be announced early today which is designed to predict the direction of our economy and just after the RBA’s financial stability review should show current economic conditions and risks.
We expect a range today of 0.8800 – 0.8885
The market watched last night as focus returned to the United Kingdom’s monetary policy outlook once more since the Scottish referendum failed to pass. The Sterling gained touching highs of 1.6412 against the Greenback however weak domestic data slowed the rally. Increasing public sector net borrowing and slightly softer than forecast mortgage approvals halted gains, as the cable opens this morning stronger at 1.6388. In a similar move against the higher yielding currencies the GBP climbed against the AUD(1.8529) and NZD(2.0334). Today there is no data being released locally in the UK as investors turn offshore for direction.
We expect a range today of 1.8480 – 1.8570
The New Zealand dollar struggled to gain momentum on Tuesday however did manage to marginally strengthen after positive Chinese data was released just after midday. The higher yielding currency has had recent concerns over the slowdown in China’s growth and these upbeat figures are a positive sign as China is one of New Zealand’s largest trading partners. Overnight upbeat US manufacturing data put a stop to the Kiwi rally as the Greenback was higher across the board. The NZD opens this morning lower at 0.8064 while today investors will watch the NZ trade balance closely for direction.
We expect a range today of 0.8020 – 0.8110
Despite Eurozone data once again disappointing the Euro climbed against the Greenback during Tuesday’s trade. Investors looked to be taking recent profits as the USD was sold off after a recent run of strong gains. A string of soft manufacturing numbers from the Eurozone put the European economy on schedule for a 0.3 percent growth in Q3 this year. The slowdown is likely to have follow on affects to future growth and this resinates from Draghi’s speech on Monday with regards to “risks for further downturn”. Elsewhere US markets saw upbeat manufacturing data reaching the highest levels since early 2010. Investors tonight will turn to Germany’s business climate and new home sales in the US for guidance.
Data releases:
CB Leading Index m/m, RBA Financial Stability Review
Trade Balance
Flash Manufacturing PMI
No Data

Why is it that when I go into a currency vendor to send money I never get the rate on the news?

You may well think that you are being ripped off, but it is not always the case. In simple terms what you see on the news or in the paper or on yahoo finance is the Middle Rate or mid-rate. Some people want to buy a currency and some people want to sell a currency and there is a gap (or margin) between the price at which you buy and the price at which you sell. ⇒ read article

What makes sending money internationally so expensive?

There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers: Currency fees, Transit fees, Correspondent bank fees etc ⇒ read article

BestExchangeRates in the Money

“A check with the foreign-exchange comparison website shows a big variation in the exchange rates available when sending money and buying cash.” ⇒ read article

This is an information service. By browsing on the website and/or using our comparison tools, you are asking BestExchangeRates to provide you with information about currency exchange products & services from multiple financial institutions. We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product. If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with BestExchangeRates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details. BestExchangeRates may receive fees or other benefits in relation to activity on the BestExchangeRates website. BestExchangeRates may receive remuneration for vendor referral links.    TOS | Full disclaimer | Privacy Statement | Facebook