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New Zealand Dollar
About The New Zealand Dollar: The Legal Tender of New Zealand
Quick Facts About the New Zealand Dollar Notes
| Country of Origin | New Zealand |
| Symbol | $ |
| Currency Code | NZD |
| Nick Names | Kiwi, Kiwi Dollar |
| Minor units | Cent |
| Denominations (Banknotes) | 5, 10, 20, 50 and 100 Dollars |
| Motto | ‘Te Putea Matua’ on the front, ‘Aotearoa’ on the back |
| Identification Feature | The Series 7 notes feature text in Māori language: Aotearoa, Te Pūtea Matua and the name of the birds |
| Issuing Bank | Reserve Bank of New Zealand |
| In Circulation Since | July 10, 1967 |
| INR Exchange Rate | 48.1995 |
The New Zealand dollar is the official currency and the only form of legal cash in New Zealand. It is usually abbreviated with the dollar sign ($) when it is being used within New Zealand. The New Zealand dollar symbol "$NZ" or "NZ$" is sometimes used to distinguish the New Zealand dollar from other currencies that are denominated in dollars. The name "Kiwi" or "Kiwi dollar" is sometimes used to refer to the money of New Zealand. This is because the kiwi, which is a flightless bird, is shown on the dollar coin of the country.
Since the introduction of the dollar in 1967, one dollar is equivalent to one hundred cents. The following bank notes are accepted in the monetary form: $5, $10, $20, and $50 and $100.
The current rate of New Zealand dollar is INR (48.1995 ) . You can keep an eye on the live New Zealand dollar value to get an idea about the New Zealand dollar rate India.
History of the New Zealand Dollar
In the year 1957, the government established a committee with the mission of investigating the benefits and drawbacks of utilising decimal money. The idea was favourably embraced, and in 1963, the decimalization of New Zealand's currency was put into practice.
The Congress of the United States approved the Decimal Currency Act in 1964, which established the day of transition as July 10th, 1967. On Monday, July 10, 1967, the pound was replaced by the New Zealand dollar.
In order to make the transition as smooth as possible, roughly 165 million new coins and 27 million new banknotes were manufactured. On March 4, 1985, the first time that the New Zealand dollar was allowed to be freely traded, the original exchange rate was 44 cents US.
Countries Accepting the New Zealand Dollar
While the New Zealand dollar is the official currency of New Zealand, it is also the legal tender of 4 other places. They have been mentioned below:
Here is a list of the countries where the New Zealand Dollar is used as the official currency:
Cook Islands
Niue
Tokelau
Pitcairn
Amount in the New Zealand Dollar You Should Carry for Your Trip
While planning to explore the natural landscape of New Zealand, you should keep in mind all the activities you’d like to undertake. The cost of transportation, accommodation and meals, while you're there, will all have an impact on the budget you set aside for your vacation.
To account for the typical expenses of a tourist in New Zealand, travellers on a shoestring budget should set aside close to 80 NZD per day in their spending money. The average daily cost of a luxury vacation can easily exceed 200 NZD when private transportation, meals at Michelin-starred restaurants rather than less expensive local establishments, and lodging in hotels rated three stars or higher are all factored in. In fact, the cost for two people travelling in New Zealand can range anywhere from 160 NZD to 400 NZD.
In New Zealand, the price of a single night's hotel can range anywhere from 36 NZD to 100 NZD per person per day. Your daily transportation costs could range anywhere from 20 NZD to 50 NZD depending on whether or not you take the bus or a taxi to go around.
Keep an eye on the New Zealand dollar price for a cost-effective vacation in this scenic country.
Best Ways to Identify Counterfeit New Zealand Dollar Notes
There are a few ways through which you can spot the counterfeit New Zealand Dollar notes:
The real note has a hologram of a fern and a map of New Zealand. The illustration is of the same bird that can be found on the left side of the bill. Below the hologram, there is writing that has been embossed and it indicates the denomination.
When they are exposed to moisture, the inks that are utilized on polymer notes do not bleed or run. The inks should not smudge or run under any circumstances.
The denomination of the note is printed in extremely fine micro-print, but if you have a powerful magnifying lens, you should be able to read it. On the enormous numerical are tiny, micro printed versions of the letters "RBNZ."
When you run your fingertips over polymer notes, you will be able to feel the printing because it is raised slightly above the background.
The serial numbers that appear along the horizontal and vertical axes of each note are an exact match for one another. If the notes have lost their serial numbers or all have the same serial number, this is a strong indicator that they are counterfeit.
The Reserve Bank notes are printed with a special kind of ink that makes everything look dull except for the ultraviolet-sensitive features. Because of this, it is difficult to counterfeit them.
The bird's colour changes as the note is rolled, and the change occurs along the diagonal bar.
When the bill is held up to the light and the front and back irregular forms are allowed to align with one another like pieces in a puzzle, the denomination can be deduced.
Even though polymer banknotes are extremely difficult to fake, most counterfeiters are unable to pass paper bills off as authentic.
Process of Exchanging the New Zealand Dollar
The process of converting the New Zealand Dollar to Indian Rupee is immensely easy. Please note that the 1 New Zealand Dollar to INR value is subject to change so keep an eye on the New Zealand Dollar rate alert. Below, we have mentioned some of the popular ways to convert New Zealand Dollars to Rupees.
Internationally-Accepted Card
A multi-currency forex card is counted among the most economical and safest way of carrying the New Zealand Dollar.
The BookMyForex Multi-Currency card can be loaded in 14 currencies and features zero forex mark-up.
Online Forex Marketplace
The simplest and most cost-efficient way of converting your New Zealand Dollar is using an online forex marketplace such as BookMyForex, a platform by MakeMyTrip, offering the best conversion rates and currency exchange service. The platform offers a 5-minute fully-digital online process for currency exchange.
Visiting Your Bank
The most traditional way of converting the New Zealand Dollar to Rupee is by visiting a bank and standing in long queues. It is not only time-consuming but you also end up paying a high cost for making the New Zealand Dollar convert to Indian Rupees.
Local Money Changers
You can look for an Authorised Dealer Category II or someone who has a money changers licence. Money exchangers offer competitive New Zealand Dollar exchange rates, and you’d not need a bank account in this case. However, the process of rate haggling can be quite frustrating for those who are looking for an easy way to convert New Zealand Dollar to INR.
On the other hand,BookMyForex, the online marketplace, offers internationally-accepted forex card and currency notes at the best rates via a convenient online process.
Airport
If you would like to convert the New Zealand Dollar in India, one of the costliest ways to do so would be to get the New Zealand Dollar exchanged at an airport due to the exorbitantly high NZD exchange rates. Currency exchange at the airport will prove to be 5%-15% costlier than BookMyForex.
Exchange the New Zealand Dollar with BookMyForex
BookMyForex, the online forex marketplace by MakeMyTrip, makes it a hassle-free affair for you to convert the NZD to Indian Rupees as well as Indian Rupee to New Zealand Dollar. Please note that the 1 New Zealand Dollar to INR value is subject to change so keep an eye on the New Zealand Dollar rate alert. You should choose MakeMyTrip for currency exchange for the following reasons:
Wide Range of Products
Forex (Currency Notes) - Available in 100+ cities across India, BookMyForex allows you to get your currency notes delivered on the same day or the next day after 100% digital booking.
BookMyForex Multi-Currency - You can load this card in 14 currencies with 0% Forex Mark-up. Once you have booked this card, you can receive it the same day (if booking is made before 1 PM) or the next.
International Travel Insurance - TripMoney also offers international travel insurance at cheapest rates in the market. Also, you can opt for this product if you’d like TripMoney to handle your mandatory travel insurance requirements along with a VISA application.
Travel Loan - With TripMoney, you can avail a travel loan of up to INR 1,00,000 (lifetime limit) for all your travel and holiday needs.
Best Exchange Rates
BookMyForex makes it easy for you to buy New Zealand Dollar or sell New Zealand Dollar at live and best exchange rates.
Quick Money Transfer
You can also enjoy quick international money transfers on BookMyForex. The 5-minute digital process offers the best forex rates, and you can receive funds abroad within 12 to 48 hours.
Home Delivery
BookMyForex delivers the New Zealand Dollars at your doorstep. So, you can simply order and receive your currency from the comfort of your home.
Best Rates to Exchange the New Zealand Dollar
You’d need to keep an eye on the current currency rates, if you’d like to know the exact value you’d get on converting 1 New Zealand Dollar in Rupees. The exchange rates keep on fluctuating. BookMyForex, an online forex marketplace by MakeMyTrip, keeps you updated with the live currency exchange rates. You can keep up with the changing value of 1 New Zealand Dollar in India in real-time on the platform and get the best deal. Currently, 1 NZD is equivalent to 48.1995 INR .
Best Ways to Carry the New Zealand Dollar
BookMyForex allows you to convert INR to the New Zealand Dollar at the best exchange rates so that you can carry the New Zealand Dollars without any hassle. Some of the best ways to carry the New Zealand Dollar are mentioned below:
Currency Notes
You can buy the US Dollar notes at live and best exchange rates on BookMyForex so that you can be ready for your trip with sufficient cash in your hand.
BookMyForex Multi-Currency Card - 0% Forex Mark-Up
The Multi-Currency Forex Travel Card available on MakeMyTrip with BookMyForex as the co-branding partner comes with 0% forex mark-up over interbank rates.
How to Buy the New Zealand Dollar at Best Rates - Currency Notes and Cards
Whether you want to buy forex cards and currency notes or sell the New Zealand Dollar, MakeMyTrip makes the entire process quite easy. It doesn’t matter whether you want to convert the New Zealand Dollar to USD or INR to New Zealand Dollar, you only need to follow the below-written steps:
- STEP 01
Select your city from the drop-down list.
- STEP 02
Choose the currency you have and the currency you want.
- STEP 03
Opt for a forex card or currency notes from the list.
- STEP 04
Mention the forex amount. The live currency exchange rate will show up next to it.
- STEP 05
The converted currency amount according to the exchange rate will show up automatically.
- STEP 06
Then proceed with booking your order.
Documents Required to Buy or Sell the New Zealand Dollar
Here are some important documents mandated by the RBI that you must submit in order to buy or sell the New Zealand Dollar in India.
Copies of your valid Indian passport
PAN Card
Confirmed air ticket indicating your plan to travel within 60 days
Valid visa (it may not be required for every country)
Different Purposes for Exchanging the New Zealand Dollar
Private Travel: You can avail of up to NZD 10,000 for a private trip to the New Zealand.
Studying Abroad: You can purchase foreign exchange of up to NZD 30,000 or up to the estimate shared by your educational institute.
Employment Purpose: In case you have a letter of employment, you can buy foreign exchange of up to NZD 5,000.
Emigration: If you have an emigration visa, you can buy foreign exchange for up to NZD 5,000.
Gift and Donation: You can gift or donate up to NZD 5,000 annually on the basis of self-certification
Medical Treatment: On the basis of self-certification, you can buy foreign exchange of up to NZD 50,000 for medical treatments outside of India. Once the limit is surpassed, you have to provide the estimated expense that would be incurred at the hospital.
Buy and Sell the New Zealand Dollar Online at Best Exchange Rates
With BookMyForex, the online forex marketplace by MakeMyTrip, you can easily convert your currency. Enjoy unbeatable currency exchange rates and opt for BookMyForex Multi-Currency Cards as well as foreign currency notes. with no forex mark-up. MakeMyTrip also present the real-time value of one New Zealand Dollar in Indian Rupees so that you can stay updated with the ever-changing New Zealand Dollar value when converting your money to other currencies.
Home Delivery of the New Zealand Dollar
In addition to a smooth online process, BookMyForex also delivers the New Zealand Dollars right at your doorstep. In fact, you can enjoy same-day door delivery. So, you do not have to waste any time visiting a local money exchanger and picking up your money.
Other currencies to INR Conversion
- USD to INR
- EUR to INR
- AED to INR
- THB to INR
- SGD to INR
- KWD to INR
- CHF to INR
- HKD to INR
- SAR to INR
- CAD to INR
- ZAR to INR
- AUD to INR
- JPY to INR
- GBP to INR
- NZD to INR
- MYR to INR
- VND to INR
- BHD to INR
- IDR to INR
- KRW to INR
- NOK to INR
- DKK to INR
- RUB to INR
- LKR to INR
- PHP to INR
- MUR to INR
- BDT to INR
- PLN to INR
Frequently Asked Questions
How do i get cashback after placing my forex order?
Find out more about the cashback offer for your New Zealand Dollar (NZD) purchase by clicking here.
How much time will it take for NZD to be delivered to home?
New Zealand Dollar exchanged through currency notes and cards reach your home in a day.
How much NZD can I carry to New Zealand as a student?
If you are carrying more than NZ$10,000 (or foreign equivalent) while travelling to New Zealand as a student, it is mandatory to complete an NZCS 337: Border Cash Report (DOC 332 KB) or the online Border Cash Report form.
Can I invest in the New Zealand Dollar?
Yes, you can invest in the New Zealand Dollar via mutual funds, ETFs, or ETNs. However, you should keep an eye on market fluctuation and geopolitical concerns.
Will I receive authentic New Zealand Dollar notes?
Yes. MakeMyTrip offers genuine notes from RBI-licensed companies only.
Is it legally allowed to hold New Zealand Dollar in India?
While it is acceptable to hold the New Zealand Dollar up to the amount authorised by RBI, you cannot use this currency for any kind of transaction in India.
What if I run out of the New Zealand Dollar currency while travelling?
If you are carrying a MakeMyTrip multi-currency Forex card while travelling, then you can easily load it up and receive the money abroad within 48 hours.
What is the minor unit of the New Zealand Dollar?
The New Zealand Dollar currency has a minor unit called Cent. Additionally, 1 New Zealand Dollar exchange rate can be subdivided into 100 Cents.
Please tell me about the commemorative coins issued by New Zealand.
One of the earliest commemorative coins was issued in New Zealand in the year 1967 for the decimalisation of New Zealand's currency. On the other hand, 2 million commemorative 50-cent coins were issued in 2018 to mark the centenary of Armistice Day.
What is the motto of the New Zealand Dollar?
The motto the New Zealand Dollar stands by is “Te Putea Matua” on the front and “Aotearoa” on its back.
What is the history of the New Zealand Dollar?
The government established a committee to investigate the merits and demerits of decimal currency. The outcome was preferable and in 1963 the decimalisation of the NZD was embraced. Followed by this embracement on July 10th 1967 the Pound was replaced by the New Zealand Dollar. Then in 1985, the NZD was allowed to be traded freely.
How many countries accept the New Zealand Dollar currency?
The New Zealand Dollar is the legal tender of New Zealand and hence it is freely and legally traded within the country's boundaries. However, there are a few other countries accepting the New Zealand Dollar currency are: <ul><li>Cook Island</li><li>Niue</li><li>Tokelau</li><li>Pitcairn Island</li> </ul>
What will happen to the leftover New Zealand Dollar currency when I return from my trip?
You can easily exchange any leftover currency notes or the money left in your Forex card with MakeMyTrip, powered by BookMyForex, once you have returned from your trip.