Australian Dollar to New Zealand Dollar Exchange Rate

Live Rate

= $ 1.0331

Refreshing in: 60s | Mon, Jan 27, 10:38PM GMT

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Historical Rate chart of AUD and NZD

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Updated: 27 Jan 2020 22:38:49 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 2,000 1 day AUD 0.00 1.029 NZD
5,145
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
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AUD 2,000 1 day AUD 0.00 1.029 NZD
5,145
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AUD 250 1 - 2 days AUD 15.00 1.029 NZD
5,129
$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 1.028 NZD
5,140
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 1.029 NZD
5,145
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 1.023 NZD
5,111
Special offer: Zero fees on your first 10 transfers.
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AUD 1 Within an hour AUD 3.99 1.021 NZD
5,099
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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AUD 1 1 - 2 days AUD 25.00 1.033 NZD
5,139
Make online transfers at the mid-market rate with transparent fees in 45+ currencies. Go to site Show details

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The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.

Refreshing in: 60s | Mon, 27 Jan 10:38pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.4792 Inverse: 0.6760 1.3190 Inverse: 0.7582 0.9074 Inverse: 1.1021 6.9367 Inverse: 0.1442 0.7660 Inverse: 1.3054 71.4504 Inverse: 0.0140 18.9161 Inverse: 0.0529 50.8651 Inverse: 0.0197
1 AUD = 0.6760 Inverse: 1.4792 1.0000 0.8917 Inverse: 1.1215 0.6134 Inverse: 1.6302 4.6895 Inverse: 0.2132 0.5179 Inverse: 1.9310 48.3034 Inverse: 0.0207 12.7881 Inverse: 0.0782 34.3869 Inverse: 0.0291
1 EUR = 1.1021 Inverse: 0.9074 1.6302 Inverse: 0.6134 1.4536 Inverse: 0.6879 1.0000 7.6446 Inverse: 0.1308 0.8442 Inverse: 1.1845 78.7419 Inverse: 0.0127 20.8465 Inverse: 0.0480 56.0559 Inverse: 0.0178
1 GBP = 1.3054 Inverse: 0.7660 1.9310 Inverse: 0.5179 1.7218 Inverse: 0.5808 1.1845 Inverse: 0.8442 9.0552 Inverse: 0.1104 1.0000 93.2717 Inverse: 0.0107 24.6932 Inverse: 0.0405 66.3995 Inverse: 0.0151

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

Jan 2010 Jan 2011 Jan 2012 Jan 2013 Jan 2014 Jan 2015 Jan 2016 Jan 2017 Jan 2018 Jan 2019
1 AUD = 1.2699 Inverse: 0.7875 1.2969 Inverse: 0.7711 1.2970 Inverse: 0.7710 1.2440 Inverse: 0.8038 1.0561 Inverse: 0.9469 1.0598 Inverse: 0.9436 1.0765 Inverse: 0.9290 1.0467 Inverse: 0.9554 1.0971 Inverse: 0.9115 1.0489 Inverse: 0.9534

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

Mar 2019 Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019 Oct 2019 Dec 2019 Jan 2020
1 AUD = 1.0445 Inverse: 0.9574 1.0565 Inverse: 0.9465 1.0619 Inverse: 0.9417 1.0446 Inverse: 0.9573 1.0389 Inverse: 0.9625 1.0673 Inverse: 0.9369 1.0783 Inverse: 0.9274 1.0747 Inverse: 0.9305 1.0518 Inverse: 0.9507 1.0422 Inverse: 0.9595

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

Jan 17 Jan 18 Jan 19 Jan 20 Jan 21 Jan 22 Jan 23 Jan 24 Jan 25 Jan 26
1 AUD = 1.0396 Inverse: 0.9619 1.0396 Inverse: 0.9619 1.0397 Inverse: 0.9618 1.0406 Inverse: 0.9610 1.0382 Inverse: 0.9632 1.0372 Inverse: 0.9641 1.0347 Inverse: 0.9664 1.0335 Inverse: 0.9676 1.0335 Inverse: 0.9676 1.0347 Inverse: 0.9664

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

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