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Australian Dollar to New Zealand Dollar Exchange Rate

Live Rate

= $ 1.0207

Refreshing in: 60s | Sun, Mar 29, 03:50PM GMT

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Historical Rate chart of AUD and NZD

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Updated: 29 Mar 2020 15:50:29 UTC

Australian Dollar

The Australian dollar is the fifth most traded currency in the world. When it was first created, suggestions for its name included the koala, the royal and the austral. Even so, it's commonly referred to as the "Aussie" in forex markets.
Currency:Australian Dollar
Currency Symbol:$, A$
Sub unit:cent
Sub unit symbol:c
Bank notes:$5, $10, $20, $50, $100
Coins:5c, 10c, 20c, 50c, $1, $2

New Zealand Dollar

The "kiwi" dollar is the official currency of New Zealand, a market economy that depends highly on international trade. It's one of the top 10 currencies used in worldwide trade.
Currency:New Zealand Dollar
Currency Symbol:$
Sub unit:cent
Sub unit symbol:c
Bank notes:$5, $10, $20, $50, $100
Coins:10c, 20c, 50c, $1, $2

Send money from Australia to New Zealand

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 1 1 day AUD 31.00 1.021 NZD
5,072
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
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AUD 2,000 1 day AUD 0.00 1.017 NZD
5,083
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
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AUD 1 Within an hour AUD 2.99 0.991 NZD
4,950
Fast cash pick-ups to more than 350,000 agent locations worldwide. Go to site Show details
AUD 2,000 1 day AUD 0.00 1.017 NZD
5,083
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
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AUD 250 1 - 2 days AUD 15.00 1.017 NZD
5,068
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
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AUD 1 1 day AUD 0.00 1.016 NZD
5,078
Get fast transfers with no fees and a range of foreign currency tools. Go to site Show details
AUD 2,000 1 day AUD 0.00 1.017 NZD
5,083
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
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AUD 5 1 - 2 days EUR 3.00 1.011 NZD
5,050
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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AUD 1 Within an hour AUD 3.99 1.008 NZD
5,038
Use promo code 3FREE to send your first 3 transfers with no fee.
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
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Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
Refreshing in: 60s | Sun, 29 Mar 03:50pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.6220 Inverse: 0.6165 1.4024 Inverse: 0.7131 0.8954 Inverse: 1.1169 7.0964 Inverse: 0.1409 0.8029 Inverse: 1.2455 74.8760 Inverse: 0.0134 23.3910 Inverse: 0.0428 51.0140 Inverse: 0.0196
1 AUD = 0.6165 Inverse: 1.6220 1.0000 0.8646 Inverse: 1.1566 0.5520 Inverse: 1.8115 4.3751 Inverse: 0.2286 0.4950 Inverse: 2.0202 46.1628 Inverse: 0.0217 14.4211 Inverse: 0.0693 31.4513 Inverse: 0.0318
1 EUR = 1.1169 Inverse: 0.8954 1.8115 Inverse: 0.5520 1.5662 Inverse: 0.6385 1.0000 7.9256 Inverse: 0.1262 0.8967 Inverse: 1.1152 83.6253 Inverse: 0.0120 26.1242 Inverse: 0.0383 56.9750 Inverse: 0.0176
1 GBP = 1.2455 Inverse: 0.8029 2.0202 Inverse: 0.4950 1.7466 Inverse: 0.5725 1.1152 Inverse: 0.8967 8.8386 Inverse: 0.1131 1.0000 93.2581 Inverse: 0.0107 29.1335 Inverse: 0.0343 63.5380 Inverse: 0.0157

Australian Dollar to the New Zealand Dollar for the last 10 years

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
1 AUD = 1.2934 Inverse: 0.7732 1.3553 Inverse: 0.7378 1.2694 Inverse: 0.7878 1.2448 Inverse: 0.8034 1.0678 Inverse: 0.9365 1.0240 Inverse: 0.9766 1.1215 Inverse: 0.8917 1.0921 Inverse: 0.9156 1.0622 Inverse: 0.9414 1.0445 Inverse: 0.9574

If you need to send money to New Zealand, locking in the best AUD/NZD exchange rate is crucial.

No matter where you look around the world, there are few countries that share as close a relationship as Australia and New Zealand. Despite our heated rivalries across cricket, netball, rugby and a range of other sports, Australia and New Zealand maintain close political and economic ties.

With this in mind, there are plenty of reasons why Australian businesses might need to send money to New Zealand. From paying suppliers and settling debts to paying NZ-based staff, thousands of Aussie businesses regularly need to send funds across the ditch.

However, before you send an international money transfer to New Zealand or any other country around the world, it’s essential to shop around for the best exchange rate. Finding the best rate is crucial to ensure value for money from your transaction, so let’s take a closer look at how to find the best AUD/NZD exchange rate.

Australian Dollar to the New Zealand Dollar for the last 10 months

May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Mar 2020
1 AUD = 1.0581 Inverse: 0.9451 1.0446 Inverse: 0.9573 1.0408 Inverse: 0.9608 1.0663 Inverse: 0.9378 1.0757 Inverse: 0.9296 1.0764 Inverse: 0.9290 1.0527 Inverse: 0.9500 1.0439 Inverse: 0.9579 1.0356 Inverse: 0.9656 1.0450 Inverse: 0.9570

Australian Dollar to the New Zealand Dollar for the last 10 days

Mar 19 Mar 20 Mar 21 Mar 22 Mar 23 Mar 24 Mar 25 Mar 26 Mar 27 Mar 28
1 AUD = 1.0106 Inverse: 0.9895 1.0144 Inverse: 0.9858 1.0144 Inverse: 0.9858 1.0227 Inverse: 0.9778 1.0236 Inverse: 0.9770 1.0250 Inverse: 0.9756 1.0167 Inverse: 0.9836 1.0172 Inverse: 0.9831 1.0207 Inverse: 0.9797 1.0207 Inverse: 0.9797

AUD/NZD: How to get value for money

The exchange rate is the most important factor you need to consider when sending money overseas. The higher the AUD/NZD exchange rate, the less the transfer will cost your business.

However, there are two things that can affect the exchange rate you receive for your transaction:

  • When you send your transfer. The AUD/NZD exchange rate is always fluctuating. By timing your transaction when the rate is at its peak, you will get the best value for money.
  • The transfer provider you choose. No two transfer providers will offer the same exchange rate since it all depends on the margins they charge. You will need to compare companies and choose one that consistently offers a high AUD/NZD rate.

If you take these two factors into account when sending Australian dollars to New Zealand, you’ll be able to drastically reduce the cost of your transfer.


Market rate for common transfer amounts AUD to NZD

Australian Dollars (AUD) New Zealand Dollar (NZD)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0

Australian dollar to New Zealand dollar exchange rate history

With a reputation as a stable currency, the Australian dollar (AUD) is the fifth most traded currency around the world. First introduced in 1966, the AUD was once pegged to the British pound (GBP) but is now a floating currency free of any foreign exchange controls.

Meanwhile, the New Zealand dollar (NZD) was introduced as NZ’s official currency in 1967. Initially pegged to the US dollar (USD), the NZD became a floating currency in 1985. Today, the NZD commonly features in lists of the world’s 10 most traded currencies.

The AUD has historically traded at a higher value than the NZD but, thanks to the heavy reliance of both countries’ economies on commodities, the AUD/NZD is not as volatile as other exchange rates.

In the 10 years to 29/05/2017, AUD$1 traded at a value between NZD$1.00 and NZD$1.37. While the highs were reached during 2011 on the back of Australia’s resources boom, the two currencies reached parity briefly in April 2015 as the commodities boom came to an end and New Zealand’s economy benefited from increased Asian demand for its agricultural products.

The table below shows the value of the AUD relative to the NZD in the past 10 years:

January 2007January 2012January 2017
AUD$1 =NZD$1.118804NZD$1.312862NZD$1.039988

When can I find the best AUD/NZD exchange rate?

The answer to this question depends on a wide range of factors. Because there are no foreign exchange controls on either the AUD or NZD, the value of both currencies can be affected by everything from the strength of their underlying economies to demand on global currency markets.

As a result, the AUD/NZD exchange rate is constantly fluctuating. Check the exchange rate first thing on Monday morning and it could be very different by close of business the same day. Due to these fluctuations, the exchange rate can move substantially up or down in a relatively short period of time. For evidence of this, visit a foreign exchange website and check out a graph of the AUD/NZD performance over the past day, week, month, year or even longer.

What do exchange rate fluctuations mean for international money transfers?

Shaun’s office supplies business had recently set up a small branch in Auckland, and Shaun needed to move AUD$10,000 to New Zealand as an emergency fund to cover any unexpected business expenses. As there was no immediate deadline for this transfer, Shaun decided to spend a little while waiting for the best possible AUD/NZD exchange rate to become available.

When he first started calculating transfer costs in September 2016, AUD$1 was valued at NZD$1.02. But just a month later in October, the rate had risen to AUD$1 = NZD$1.07. Sending the transfer now would result in significantly better value for money for Shaun, but he decided to wait a little longer for the rate to rise further.

He was rewarded when in March 2017, AUD$1 rose to a value of NZD$1.09. As the table below shows, Shaun’s patience allowed him to send up to NZD$700 extra to New Zealand.

September 2016October 2016March 2017
Transfer amount (in AUD)AUD$10,000AUD$10,000AUD$10,000
Exchange rateAUD$1 = NZD$1.02AUD$1 = NZD$1.07AUD$1 = NZD$1.09
Amount received (in NZD)NZD$10,200NZD$10,700NZD$10,900

How do I know when to transfer AUD to NZD?

The ideal time to transfer AUD to New Zealand is when the AUD/NZD exchange rate is at its peak. In other words, this is the time when the AUD is valued as highly as possible relative to the NZD, allowing you to access the best value for money on your transfer.

However, there are myriad factors that can affect the exchange rate, including the following:

  • Interest rates in Australia and New Zealand
  • The level of public debt in Australia and New Zealand
  • The strength of Australia’s economy and the New Zealand economy
  • The rate of inflation in both countries
  • The results of elections
  • Economic developments around the world that have a widespread effect, for example the Global Financial Crisis

Despite the fact that there is some uncertainty when predicting exchange rate moves, there’s still plenty of things you can do to stay up to date with developments that could drive the AUD/NZD rate up or down.

  • Monitor economic and financial news from both countries to stay up to date with any developments that could affect the exchange rate.
  • Stay up to date with current affairs, including everything from election results to the release of important economic data.
  • Check the mid-market AUD/NZD rate regularly to be aware of which way it is trending.
  • Examine the past performance of the AUD/NZD exchange rate to increase your understanding of the value of both currencies.

So when is the best time to send AUD to NZD? The graph below tracks the performance of the AUD/NZD exchange rate in the year preceding 30/05/2017. As you can see, the best times to change AUD into NZD during that time were:

  • In March 2017, when AUD$1 = NZD$1.09
  • In April 2017, when AUD$1 = NZD$1.09
  • In May 2017, when AUD$1 = NZD$1.08
  • In October 2016, when AUD$1 = NZD$1.07

Meanwhile, the worst time to change AUD to NZD during this time was in September 2016, when AUD$1 = NZD$1.02.

How to choose the best transfer provider

Once you’ve decided on the best time to send your international transfer, you next need to choose the best transfer provider to handle your transaction. Exchange rates and transfer fees differ substantially between providers and can make a huge difference to the cost of your transactions.

There are three types of money transfer providers to consider:

  • Banks. Sending an international wire transfer through your regular bank is a convenient option, but banks typically offer disappointing exchange rates.
  • Cash pickup transfer providers. These companies offer fast cash transfers to New Zealand within minutes, with Western Union and MoneyGram the world’s two largest providers of this service. However, higher fees often tend to apply to fast cash transfers.
  • Online money transfer providers. These transfer providers, such as OFX and CurrencyFair, specialise in international transfers and have tighter margins than the banks. This means they usually offer superior exchange rates and reduced transfer fees.

Bank vs money transfer provider vs cash pickup provider

Nick business manNick is the manager of a small Australian retail business. He needs to send NZD$10,000 across the ditch to pay a bill for legal services his company has used.

Nick usually uses his bank to send money overseas, but upon noticing how far their AUD/NZD exchange rate is below the mid-market rate, he decides to shop around for a better deal. He compares his bank with a cash transfer provider and an online transfer company to see who comes out on top.

As you can see in the table below, while the cash pickup transfer provider offers significant savings compared to his bank, the specialist online transfer company far and away offers the best deal. By choosing the online provider instead of his bank, Nick can save an impressive AUD$439.73.

This is a clear example of just how important it is to compare your transfer options and shop around for the best available exchange rate.

BankCash pickup transfer providerOnline transfer provider
Exchange rateAUD$1 = NZD$1.005200AUD$1 = NZD$1.024507AUD$1 = NZD$1.049699
Transfer fee$22$22$4
Processing time2-5 days10 minutes2 days
AUD needed to send NZD$10,000$9,970.27$9,782.79$9,530.54
Cost in AUD compared to bank (including fee)-$187.48 cheaper$439.73 cheaper

What else can I do to find the best AUD/NZD exchange rate?

There are a few more steps you can take to improve your chances of finding the best exchange rate:

  • Compare quotes. Don’t just choose the first transfer provider you find. Compare quotes from several providers to see which one offers the best value for money.
  • Make sure you’re quoted the correct rate. Some companies will use the mid-market exchange rate, which is higher than the customer exchange rate, when calculating a quote. Make sure any quote you are given is based on the AUD/NZD rate available to customers.
  • Send larger transfers. Not only can you pay fewer fees by sending fewer transfers, but some online companies will actually waive their fees on large transfers, for example transactions of $10,000 or more.
  • Use forward contracts. A forward contract allows you to secure an exchange rate today for a transaction that you will complete in the future. If you think the AUD/NZD rate is set to fall, you can safeguard against this by taking out a forward contract.
  • Use limit orders. A limit order is another flexible transfer tool that allows you to get the exchange rate you want. Once you’ve specified your rate, the transfer provider will automatically send your transfer whenever that rate is available.

If you put these tips into action, you could potentially save hundreds of dollars the next time you need to send money to New Zealand.
Picture: Shutterstock

Exchange rates from AUD to other currencies

International Money Transfer Offers

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SingX International Money Transfers

Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

Logo for SendFX International Money Transfers
SendFX International Money Transfers

SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

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