--- title: "New Zealand dollar (NZD) exchange rate" url: https://www.ibani.com/en/currency-converter/currencies/nzd-new-zealand-dollar lang: en date_modified: 2026-10-07 --- Currency · NZD · NZ$ # New Zealand dollar (NZD) exchange rate The New Zealand dollar is the official currency of New Zealand, nicknamed the "kiwi". A commodity currency closely watched on the foreign exchange market, convert it at the **real interbank rate**, in real time, with a transparent margin from 0.40% to 0.15%. [Open my free account](https://www.ibani.com/en/app) See NZD rates **NZD**ISO code · NZ$ **RBNZ**Central bank **0.15%**Margin from ### Simulate your transfer No hidden fees — Live rate — Estimated annual saving — vs. a traditional bank Per monthly transfer · [Live rates](https://www.ibani.com/en/currency-converter) · [Pricing](https://www.ibani.com/en/rates) [Get started — It's free](https://www.ibani.com/en/app) [![App Store](https://www.ibani.com/images/appstore-badge-en.svg)](https://apps.apple.com/app/ibani-borderless-money/id1382598762)[![Google Play](https://www.ibani.com/images/google-play-badge-en.svg)](https://play.google.com/store/apps/details?id=com.ibani.mobile&hl=en) \* 100% digital sign-up in 5 minutes. Zero account opening or maintenance fees. **35'000+ clients**Individuals & businesses **CHF 1 Billion+**Exchanged since 2018 **Up to 10× cheaper**Than a traditional bank **4.7/5 · Excellent**On 2'000+ client reviews [![SO-FIT logo](https://www.ibani.com/images/sofit-light.svg) Affiliated with SO-FIT (SRO)\*](https://so-fit.ch/) The New Zealand dollar in brief ## The essentials on the New Zealand dollar (NZD) The key facts about the "kiwi", one of the most traded commodity currencies, and how to convert it at a fair rate. ### ISO code NZD, symbol NZ$ The official currency of New Zealand, nicknamed "kiwi" after the bird featured on the 1-dollar coin. ### Managed by the RBNZ The Reserve Bank of New Zealand conducts monetary policy with an inflation target of 1 to 3%. ### Commodity currency Its value is tied to agricultural exports (dairy products) and to Asian demand, notably from China. ### Exchange from 0.15% at ibani A sliding, transparent margin applied to the real rate, with no hidden fees. Our experts' analysis ## The kiwi, currency of the great agricultural exporters. The New Zealand dollar (NZD), nicknamed the "kiwi", is a commodity currency. Its value is closely correlated with New Zealand's agricultural exports, particularly dairy products, which weigh heavily on the country's revenues. The NZD is also popular for carry-trade strategies and remains sensitive to **Asian demand**, notably from China. These characteristics make it a relatively volatile currency: tracking agricultural commodity prices and RBNZ decisions helps anticipate its movements and optimise your exchange operations. NZD key facts ISO code**NZD · NZ$** Central bank**RBNZ** Area of use**New Zealand** Notable feature**Commodity currency** Monetary policy ## RBNZ policy and the New Zealand dollar The Reserve Bank of New Zealand (RBNZ) is responsible for the country's monetary policy. Its mandate targets price stability, with an inflation target between 1% and 3% over the medium term, around a 2% midpoint, in order to support sustainable growth. To achieve this, the RBNZ relies mainly on: ### The Official Cash Rate (OCR) Introduced in 1999, the Official Cash Rate is the RBNZ's central instrument. Its adjustments steer the cost of credit and directly influence the value of the kiwi. ### A pioneer of inflation targeting The first central bank in the world to formalise an inflation target (from 1989-1990), the RBNZ has made transparency a pillar of its credibility. As the country is a major exporter of agricultural commodities, the RBNZ's decisions interact with dairy product prices and the Asian economic climate. Its rate announcements have a direct impact on the strength of the New Zealand dollar and the competitiveness of exports. History of the New Zealand dollar ## The key dates in its history 1967 ### Birth of the New Zealand dollar The New Zealand dollar replaces the New Zealand pound as part of the decimalisation of the country's currency. 1985 ### Free float of the kiwi New Zealand lets its currency float freely on the foreign exchange market, abandoning any peg to a basket of currencies. 1989-1990 ### Independence and inflation targeting The Reserve Bank Act grants the RBNZ its independence and makes New Zealand the world pioneer of inflation targeting. 1999 ### Creation of the Official Cash Rate (OCR) The RBNZ adopts the Official Cash Rate as the central, transparent instrument for implementing its monetary policy. 2021-2023 ### Monetary tightening cycle Faced with post-pandemic inflation, the RBNZ sharply raises its policy rate, among the first major hiking cycles worldwide. 2024 ### Start of easing As inflation falls back towards target, the RBNZ begins a cycle of cuts to its policy rate. Today's rates ## Our rates for the New Zealand dollar (NZD) Indicative value for 1 unit, ibani margin included. Click a pair for its detail and history. Reference rate as of 7 October 2026; the rate applied is the one at the time of the order. | | [CHF](https://www.ibani.com/en/currency-converter/currencies/chf-swiss-franc) | [EUR](https://www.ibani.com/en/currency-converter/currencies/eur-euro) | | --- | --- | --- | | To NZD 1 | [2.1323CHF to NZD rate](https://www.ibani.com/en/currency-converter/chf-to-nzd-rate) | [1.9871EUR to NZD rate](https://www.ibani.com/en/currency-converter/eur-to-nzd-rate) | To the New Zealand dollar (NZD) [CHF NZD](https://www.ibani.com/en/currency-converter/chf-to-nzd-rate) [EUR NZD](https://www.ibani.com/en/currency-converter/eur-to-nzd-rate) [See all our currencies →](https://www.ibani.com/en/currency-converter/currencies) News ## Latest analyses on currency exchange ### EUR/CHF Forecast October 2026: Euro Climbs Back to 0.9311 After Its Fall of 2 October As of October 5, 2026, EUR/CHF climbs back to 0.9311 (+0.3%) at the ECB reference rate, after losing 1.7% on 2 October. The yield spread between French and German government bonds, which rose above 150 points on 2 October, narrows to 141 points according to Reuters. [Read article](https://www.ibani.com/en/guides/chf-eur-exchange-rate-forecast) ### GBP/CHF Forecast: The Pound Falls Back Against the Franc After Its 2026 High (October 2026) As of 2 October 2026, the pound sterling is worth 1.0912 francs, down 1.3% on the session, two days after its high for the year at 1.1090. The Bank of England is holding its rate at 3.75%, but three of its nine members voted for a hike. [Read article](https://www.ibani.com/en/guides/chf-gbp-exchange-rate-forecast) ### USD/CHF Forecast (October 2026): The Dollar Falls Back to 0.8266 Franc As of October 2, 2026, the dollar is worth 0.8266 franc, down 1.0% from the previous day's reference rate, which marked its highest since May 2025. The US September jobs report, released afterwards, shows only 29,000 jobs created. [Read article](https://www.ibani.com/en/guides/chf-usd-exchange-rate-forecast) Frequently asked questions ## Frequently asked questions about the New Zealand dollar (NZD) Always compare the rate offered with the real interbank rate (mid-market). A specialised online exchange service like ibani starts from this real rate and adds only a transparent margin from 0.40% to 0.15%, with no hidden fees, whereas a bank often applies a much wider spread. Compare with our [rate comparator](https://www.ibani.com/en/compare-exchange-rates). The New Zealand dollar is managed by the Reserve Bank of New Zealand (RBNZ), which conducts monetary policy through its official policy rate (Official Cash Rate). Its mandate aims to keep inflation between 1% and 3% over the medium term, around a 2% midpoint. Nicknamed the "kiwi", the New Zealand dollar is a commodity currency: its value is strongly linked to the country's agricultural exports, particularly dairy products. Its sensitivity to Asian demand and its status as a carry-trade currency accentuate its volatility. You can convert the New Zealand dollar (NZD) into Swiss francs (CHF) and euros (EUR), as well as other major currencies such as the US dollar, pound sterling, Canadian dollar and Singapore dollar. Check our converter for the full list of available currencies. ## Exchange your New Zealand dollars at the fair market rate. Get a personal Swiss IBAN, convert the New Zealand dollar at the real rate (+ margin from 0.15%) and transfer with no hidden fees. Opening an account is free, 100% digital and takes just 5 minutes. [OPEN A FREE ACCOUNT](https://www.ibani.com/en/app) [Back to the converter](https://www.ibani.com/en/currency-converter) ✓ Real interbank rate  ·  ✓ Margin from 0.15%  ·  ✓ Affiliated with SO-FIT (SRO) [![SO-FIT logo](https://www.ibani.com/images/sofit-light.svg)](https://so-fit.ch/) ## Swiss financial intermediary subject to the AMLA regulatory framework 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](https://so-fit.ch/) 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](https://www.finma.ch/en/authorisation/self-regulatory-organisations-sros/)).