The real CHF/NZD rate
The interbank (mid-market) rate, with no inflated margin hidden in the displayed rate.
Change your Swiss francs (CHF) into New Zealand dollars (NZD) at the real interbank rate, in real time. Ideal for travel, expatriation or transfers to New Zealand, with a margin from 0.40% and no hidden fees.
The essentials for changing your CHF into NZD with no nasty surprises on the rate or the fees.
The interbank (mid-market) rate, with no inflated margin hidden in the displayed rate.
Transparent and sliding, up to 10× cheaper than a bank. No hidden fees.
Send your New Zealand dollars to New Zealand from a 100% digital account.
ibani SA, founded in Geneva in 2018, a financial intermediary affiliated with SO-FIT, recognised by FINMA.
On a regular exchange of several thousand CHF, the margin applied to the rate makes all the difference over the year.
| Criterion | ibani | Bank | Exchange office |
|---|---|---|---|
| Starting rate | Real interbank | "In-house" rate | "In-house" rate |
| Exchange margin | From 0.40% | ~1.5 to 2% | Often > 2% |
| Transfer fees | Transparent | Variable | — |
| Estimated cost on CHF 5'000* | ~CHF 20 | ~CHF 75 | > CHF 100 |
| 100% digital tracking | Yes | Partial | No |
*Indicative orders of magnitude for a one-off exchange of CHF 5'000 into NZD. See the details on our Rates page.
Follow the pair's trend to choose the right moment for your exchange.
Indicative amounts, ibani margin included, updated continuously.
100% digital sign-up in 5 minutes, with no opening or account maintenance fees.
Top up your ibani account in CHF from your Swiss bank, quite simply.
ibani converts your CHF into New Zealand dollars at the market rate and transfers the funds to the beneficiary account.
The rate between the Swiss franc (CHF) and the New Zealand dollar (NZD) pits two currencies of very different temperament against each other. Its dynamics depend on the relationship between two central banks : the Swiss National Bank (SNB) and the Reserve Bank of New Zealand (RBNZ).
The CHF is a safe-haven currency : in times of geopolitical uncertainty or tension on the markets, investors buy Swiss francs, which tends to push it up. The SNB also pursues a cautious monetary policy, with a policy rate kept very low. The NZD, by contrast, is a commodity-linked currency : its price tracks risk appetite and New Zealand's agricultural exports (dairy products in particular).
The gap in policy rates between the RBNZ, traditionally higher, and the SNB, close to zero, is a key driver of the pair : it fuels carry-trade strategies, sensitive to the risk climate. A bout of risk aversion strengthening the franc can quickly wipe out the gain linked to this differential. The pair therefore alternates between trending phases and long phases of consolidation.
Written by Brice Delhome.
The CHF/NZD rate depends above all on the monetary policy gap between the SNB (Swiss National Bank) and the RBNZ (Reserve Bank of New Zealand). The Swiss franc is a safe-haven currency sought after in times of uncertainty, whereas the New Zealand dollar is a commodity-linked currency, more sensitive to risk appetite and to the prices of New Zealand's agricultural exports. The gap in policy rates between the two central banks also weighs on the pair.
There is no universal ideal moment. The CHF/NZD rate moves with the decisions of the SNB and the RBNZ, economic data and the risk climate on the markets. Follow the real rate continuously, for example on this page, and trigger your exchange at the moment that suits your need.
With ibani, you fund your account in Swiss francs, then you convert your CHF into New Zealand dollars (NZD) at the real market rate before sending the funds to a beneficiary account. Transfers in currencies other than CHF and EUR may be subject to correspondent bank fees.
ibani applies a transparent margin from 0.40% on the real interbank rate, decreasing with amounts. There are no opening or account maintenance fees. It's up to 10× cheaper than a traditional bank. See the details on the Rates page.
✓ Real interbank rate · ✓ Margin from 0.40% · ✓ Affiliated with SO-FIT (SRO)
* Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.
Your money is handled with the utmost regulatory rigour.
ibani SA is a FinTech company established since 2018 in the heart of Geneva, Switzerland. We are a financial intermediary audited for our activity, with thousands of clients and exchange operations to our name.
ibani SA is affiliated with SO-FIT as a financial intermediary within the meaning of Article 2 para. 3 of the Anti-Money Laundering Act (AMLA). SO-FIT is a self-regulatory organisation recognised by the Swiss Financial Market Supervisory Authority (FINMA).