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 EUR Market Data
New Zealand dollar (NZD) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the NZD to EUR 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 Euro is to review how the NZD/EUR rate has changed over time.
The table below shows the percentage change in the NZD to EUR 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: Bearish.
Key drivers:
- Interest rate differential: The ECB is keeping rates steady, while the RBNZ may cut rates, leading to a weaker NZD.
- Risk sentiment: Geopolitical issues are creating caution surrounding the euro.
- Supporting macro factor: Inflation concerns in both the Eurozone and New Zealand are influencing currency strength.
Near-term range: Expect stability in the EUR to NZD trading range, with limited fluctuations around current levels.
What could change it: An upside risk could come from improved economic indicators in the Eurozone, boosting the euro, while further RBNZ rate cuts could further degrade the NZD.
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EUR/NZD is bearish as ECB maintains rates & RBNZ may cut theirs. Geopolitical risks weigh on EUR, while inflation in both regions adds pressure. Stability expected in trading range. Upside risk: strong Eurozone data; downside risk: more RBNZ cuts
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NZD to EUR 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 Euro 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 EUR?
The best NZD to EUR exchange rate is 0.4914 from Wise. This is -0.36% compared to the mid-market rate 0.4932.
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 Euro (EUR) rates from different sources before making a conversion.
The above
Kiwi to Euro 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-EUR mid-rate and the possible savings of using various providers.
How do NZD-EUR rates compare between providers?
Looking at the full
NZD to EUR - Send Money comparison table the provider with the best NZD to EUR exchange rate is Wise at 0.4914, -0.36% from the latest mid-market rate 0.4932.
The next best is OFX at 0.4907, -0.51% from the mid-rate.
Then XE at 0.4903, 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.