USD to NZD Transfers Compared

   

The USD to NZD rate is trending upwards, hitting 1.7077, 1.6% above its 3-month avg, fueled by hawkish Fed sentiment and strong job data. Meanwhile, the NZD struggles due to a widening trade deficit and RBNZ's rate cut. Analysts suggest monitoring these shifts for optimal exchange timing

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What is the best Send Money conversion rate for USD to NZD?

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to New Zealand dollar (NZD) rates from different sources before making a conversion.

The above Dollar to Kiwi 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 USD-NZD mid-rate and the possible savings of using various providers. 

How do USD-NZD rates compare between providers?

The next best is XE at 1.696, -0.6% from the mid-rate.

Then Wise at 1.6951, which is -0.65% from the mid-rate.

The Western Union rate is 1.6892 which is -1% from the mid-rate.

Among the banks the Chase Bank rate is 1.5833 at -7.2% the Wells Fargo Bank rate is 1.573 at -7.8% and the Citibank rate is 1.6515 at -3.2% compared to the mid-rate 1.7062.

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.