The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
NZD to CAD Market Data
New Zealand dollar (NZD) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the NZD to CAD Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the New Zealand dollar against the Canadian dollar is to review how the NZD/CAD rate has changed over time.
The table below shows the percentage change in the NZD to CAD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The New Zealand dollar (NZD) has been facing challenges despite a recent strong GDP report, with market participants largely unaffected by the positive economic data.
Current market bias: The CAD to NZD exchange rate is range-bound.
Key drivers:
- Interest rate differential: The Bank of Canada maintains a steady rate at 2.25%, while the Reserve Bank of New Zealand faces pressure for future cuts.
- Oil prices: CAD is influenced by oil, currently around $61.50, limiting potential gains.
- Economic indicators: Strong jobs growth in Canada supports the CAD; concerns about New Zealand's GDP may weigh on the NZD.
Near-term range: The CAD/NZD pair is expected to stay in a stable range, reflecting its recent trading behavior.
What could change it: A rebound in oil prices could lift the CAD, while negative trade data from New Zealand might weaken the NZD.
---
CAD to NZD is range-bound around 1.2579 as steady rates in Canada meet pressure on NZD from lower oil prices & NZ growth concerns. Upside risks include oil price rebounds; downside risks come from disappointing NZ trade data. Stay tuned for possible shifts!
@bestfxrates
NZD to CAD Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much New Zealand dollar are worth in Canadian dollar across a range of amounts.
This gives a quick view of what you’d get when converting different NZD amounts at today’s rate * :
What is the
best Send Money conversion rate for NZD to CAD?
The best NZD to CAD exchange rate is 0.7922 from Wise. This is -0.41% compared to the mid-market rate 0.7955.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
New Zealand dollar (NZD) to Canadian dollar (CAD) rates from different sources before making a conversion.
The above
Kiwi to Loonie comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest NZD-CAD mid-rate and the possible savings of using various providers.
How do NZD-CAD rates compare between providers?
Looking at the full
NZD to CAD - Send Money comparison table the provider with the best NZD to CAD exchange rate is Wise at 0.7922, -0.41% from the latest mid-market rate 0.7955.
The next best is OFX at 0.7916, -0.49% from the mid-rate.
Then XE at 0.7908, which is -0.59% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.