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  • As per RBI norms, the GST is applicable as per travellers.
  • This amount is calculated considering one traveller. You can further add/edit travellers in preconfirmation page which can impact the total amount.
  • You may block foreign currency by paying 2% of total transaction value. This blocked rate will be valid for 2 working days.
  • Disclaimer Note for TCS
    (i) Tax Collection at Source (TCS) at the rate of 0.5% or 5% as applicable will be levied under section 206C(1G)(b) of the Income Tax Act on remittance on account of Education purpose or Medical purpose, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India.
    (ii) Tax Collection at Source (TCS) at the rate of 20% will be levied under section 206C(1G)(b) of the Income Tax Act on all other remittances not covered in (i) above without any threshold limit in a financial year under the Liberalised Remittance Scheme of the Reserve Bank of India.The TCS collected will be reflected in the 26AS of the payer for claiming Income Tax credit.
  • Disclaimer Note for non-refund of TCS
    In the event of cancellation of services and refund of amount, Tax collected at source under section 206C(1G) of the Income Tax Act, 1961 shall not be refunded. The non-refunded TCS will be reflected in the 26AS of the payer for claiming Income Tax credit.
  • Disclaimer Note for TCS
    (i) Tax Collection at Source (TCS) at the rate of 0.5% or 5% as applicable will be levied under section 206C(1G)(b) of the Income Tax Act on remittance on account of Education purpose or Medical purpose, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India.
    (ii) Tax Collection at Source (TCS) at the rate of 20% will be levied under section 206C(1G)(b) of the Income Tax Act on all other remittances not covered in (i) above, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India.
    The TCS collected will be reflected in the 26AS of the payer for claiming Income Tax credit.
  • Disclaimer Note for non-refund of TCS
    In the event of cancellation of services and refund of amount, Tax collected at source under section 206C (1G) of the Income Tax Act, 1961 shall not be refunded. The non-refunded TCS will be reflected in the 26AS of the payer for claiming Income Tax credit.
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New Zealand Dollar (NZD) - Currency of New Zealand

Buying Rate (INR)
Selling Rate (INR)
Remittance Rate (INR)

Buy, Sell or Transfer New Zealand Dollar (NZD) in India at the best exchange rates

About New Zealand Dollar (NZD)

Introduced in 1967, the New Zealand Dollar is the official currency of New Zealand. It is one of the ten top most traded currencies worldwide. 100 cents form one New Zealand Dollar. While the New Zealand currency is not pegged to any foreign currency, currencies including Cook Island Dollar, Niue, Pitcairn Islands, and Tokelau are pegged to the NZD (New Zealand Dollar).

Some interesting facts that we bet you did know about the New Zealand Currency:

    1. The New Zealand Dollar is often referred as ‘Kiwi’, the country’s national bird. The bird also appears on the 1-dollar coins of the New Zealand Currency.
    2. Altogether there are 10 denominations, of which 5 are coins and 5 are banknotes.
    3. Most often used coins are 10c, 20c, 50c, $1, and $2 and bills are $5, $10, $20, $50, and $100.
    4. The central bank of New Zealand is called the Reserve Bank of New Zealand.

History of the New Zealand Dollar

The New Zealand dollar, which is the official currency of New Zealand since 1967, is today among the world’s top 10 currencies. It is colloquially called kiwi, after the flightless bird kiwi, which is also the national bird and is native to New Zealand.

In the early 1800, a large number of currencies from all across the world were used to trade in New Zealand. However, in 1840, when the first Governor of New Zealand, Capt William Hobson, brought British rule to New Zealand, British coins of bronze, silver and gold were circulated freely. In the year 1870, the British coin was declared New Zealand’s official legal tender coin.

On 1st February 1935, the British coins were discontinued as legal tender. With this, New Zealand became the last self-governing dominion of the Commonwealth to raise its own coinage. Later, on July 10, 1967, decimal coinage was brought into circulation, which was a shift from the British standard to the present-day decimal system. Ever since several changes have taken place. In 1991, $1 and $2 notes were discontinued and were replaced by $1 and $2 coins, which were golden in colour and feature the Kotoko, the white heron found in New Zealand. In the year 2006, the silver coins had a make-over. 10, 20 and 50 cents became smaller and lighter. The 10-cent coins were now copper in colour and the 5-cent coins ceased circulation.

Since 1999, the New Zealand government has been producing plastic/ polymer versions of the dollar, which makes the bills better secured against counterfeiting. Not just this, but the composition also increases the longevity of the notes. Polymer notes are said to last up to 4 times as paper or linen banknotes. These polymer notes can also survive a washing machine without any damage to the material. The Reserve Bank of New Zealand in 2015, updated the dollar making it more brightly coloured and with better security features.

Factors Affecting New Zealand Dollar

The Reserve Bank of New Zealand is responsible for making the country’s fiscal decisions. Headed by Adrian Orr, the RBNZ holds regular meetings to maintain stability in the prices, monitor the currency exchange rates and also set the interest rates. There are many economic factors that affect the New Zealand Dollar, such as the GDP, the rate of unemployment, the growth rate, inflation etc. Some other important factors include:

1. Multiple Industries:

Rich in natural resources, the top industries in New Zealand include dairy, agriculture, fishing, mining, forestry and tourism.

    1. In the New Zealand economy tourism is a strong driving force, and it makes up almost 6% of the gross domestic product. When tourism improves the currency would also be stronger.
    2. Being one of the largest exporters of milk powder, the NZD benefits when the prices of milk rise.

2. Relationship with Australia:

After China, Australia is New Zealand’s largest trading partner and accounts for 13.6% of New Zealand’s exports. Therefore, the economy of Australia has a considerable effect on the New Zealand dollar. Currency pairs NZ Dollar and US Dollar and AU Dollar and US Dollar have a currency correlation coefficient. A correlation coefficient is a statistical measurement of the relationship between 2 currencies, which here is 0.90.

3. Carry Trade:

A popular trading strategy, carry trade, means buying high-yielding currency while funding it with a low-yielding one. As New Zealand has had higher rates of interest as compared to other developed countries, investors and traders favour the NZD as a carry trade currency.

Also, NZ Dollar is one of the top-traded currencies, all across the globe. It is considered to be a liquid currency in the forex market. There are many internationally-owned companies and banks in New Zealand, which offer a higher FX turnover.

Quick Facts About New Zealand Dollar (NZD)

Currency Name New Zealand Dollar
Short Name NZD
Nicknames Kiwi
Symbol (s) $ and NZ$
Unit 1/100, Cent
Frequently Used Coins 10c, 20c, 50c, NZ$1, NZ$2
Rarely Used Coins
Frequently Used Bank Notes NZ$5, NZ$10, NZ$20, NZ$50, NZ$100
Rarely Used Bank Notes
Central Bank, Name & Website Reserve Bank of New Zealand | www.rbnz.govt.nz
Territories that unofficially use the NZD as a part of their legal tender: Pitcairn Island - a British Overseas Territory, and Nauru.

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The New Zealand Dollar Currency

The official currency of New Zealand ranks steadily amongst the top 10 most traded currencies in the world. It is in the subdivision of 100 cents. Currently, in totality, there are ten denominations in circulation within the country that include five coins and five bank notes.
The five coins are cents 10, 20, 50 and dollars 1 & 2; the five bank notes are dollars 5, 10, 20, 50 and 100.

What is today’s New Zealand Dollar rate?
To know the on-going New Zealand Dollar rate, simply use our online free money converter tool. It is equipped to provide you with the live exchange rates of over 26 currencies worldwide.

How to buy NZD in India?
Thomas Cook provides the best currency exchange rates in the country and encourages you to buy forex from the comfort of your home. To buy foreign currency exchange online, simply visit the Thomas Cook website, enter the details, and our experts will deliver your currency at your doorstep within 24 hours.

Alternatively, you can also visit the nearest Thomas Cook branch and our experts will be there to assist you, ensuring a smooth and effortless transaction.

Currency Rate Today

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Frequently Asked Questions

I am soon travelling to New Zealand. I’m contemplating on travellers cheque. Are these a convenient option?
Travellers cheques aren’t advisable anymore. Instead you can try for ATM cards or forex cards which are more secure and convenient to use. Most of the vendors nowadays do not accept travellers cheques and they might just become more of a liability than being an asset on your trip.
How much New Zealand Dollars should I carry for the trip?
This is completely dependent on the nature of your trip. If you are confused about the expenses that you might have to incur while you are on the trip, then please contact our team of experts and they will guide you with the proceedings.
Is there any specific limit to carry New Zealand dollars in/out New Zealand?
You may carry up to NZ$10,000, or foreign currency equivalent, in and out of New Zealand. However, in case the amount you are carrying exceeds the given limit, then you must declare the same.
I have leftover New Zealand Dollars from my last trip. What should I do?
If you are to travel to New Zealand anytime soon again, we suggest you keep them for the same, and may buy any additional dollars required. However, in case the trip isn’t happening anytime soon then you may log on to our website to find out the available exchange rates, and get in touch with our consultants for any expert advice that you may seek before you sell the Australian dollars.
Can I use AUD in New Zealand?
It is advisable that you exchange the AUD to NZD before you land in New Zealand to avoid any inconvenience during your travel. For more details, please do not hesitate to contact us and we will assist you with all the relevant information.

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