1,000 NZD to USD New Zealand Dollars to US Dollars Exchange Rate

The Reserve Bank of New Zealand (RBNZ) aims to achieve and maintain an inflation rate between 1% and 3% over the medium term, How to buy elongate on trust wallet with a focus to keep it near the 2% mid-point. To this end, the bank sets an appropriate level of interest rates. On the contrary, lower interest rates tend to weaken NZD. The so-called rate differential, or how rates in New Zealand are or are expected to be compared to the ones set by the US Federal Reserve, can also play a key role in moving the NZD/USD pair.

However, the period between 3-4 PM GMT is often a good time to convert New Zealand Dollars to US Dollars because currency market liquidity and trading volume tend to be the highest during this time. Additionally, it’s advisable to convert New Zealand Dollars to US Dollars early in the week if you need USD urgently. We partner with leading data providers to bring you the latest and most accurate prices for all major currencies, cryptocurrencies and precious metals. Compare our rate and fee with our competitors and see the difference for yourself.

USD to NZD Exchange Rates

The performance of the Chinese economy tends to move the Kiwi because China is New Zealand’s biggest trading partner. Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency. Another ActivTrades Overview factor moving NZD is dairy prices as the dairy industry is New Zealand’s main export. High dairy prices boost export income, contributing positively to the economy and thus to the NZD.

Wise Products

We have been featured in some of the most prestigious financial publications in the world including Business Insider, Investopedia, Washington Post, and CoinDesk. You’ll now see the value of the converted currency according to the most recent exchange rate. Wise is a Money Service Business registered with FinCen.

How does economic data influence the value of the New Zealand Dollar?

The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health of the New Zealand economy and the country’s central bank policy. Still, there are some unique particularities that also axi forex broker review can make NZD move.

Conversion Rates New Zealand Dollar/US Dollar

1. This tends to lead to a more favorable outlook for commodities and so-called ‘commodity currencies’ such as the Kiwi.
2. To view rates between the New Zealand Dollar and the US Dollar for a particular year, click on one of the links below.
3. In other states, the program is sponsored by Community Federal Savings Bank, to which we’re a service provider.

Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Our smart tech means we’re more efficient – which means you get a great rate. Leading competitors have a dirty little secret. They add hidden markups to their exchange rates – charging you more without your knowledge. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers.

Set an alert now, and we’ll tell you when it gets better. And with our daily summaries, you’ll never miss out on the latest news. The U.S. dollar is the currency most used in international transactions. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. Need to know when a currency hits a specific rate? The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs.

The USD and NZD can be traded 24×5, starting from the time markets open on Monday mornings in Sydney until they close on Fridays at 5 PM in New York. Exchange rates can fluctuate by the minute while markets are open. However, the period between 3-4 PM GMT is often a good time to convert US Dollars to New Zealand Dollars because currency market liquidity and trading volume tend to be the highest during this time. Additionally, it’s advisable to convert US Dollars to New Zealand Dollars early in the week if you need NZD urgently. Executing a trade late in the week might result in a delayed settlement until the following week, as forex markets are closed on weekends. The NZD and USD can be traded 24×5, starting from the time markets open on Monday mornings in Sydney until they close on Fridays at 5 PM in New York.

To view rates between the US Dollar and the New Zealand Dollar for a particular year, click on one of the links below. To view rates between the New Zealand Dollar and the US Dollar for a particular year, click on one of the links below.