New Zealand Currency (All You Need to Know)

New Zealand currency

1. New Zealand Currency Exchange 

The enchantment begins as you convert your foreign currency into the vivid hues of New Zealand Dollars (NZD).

Options abound, from reliable banks and welcoming hotels to exchange kiosks strategically placed across international airports and city centers.

Currency Exchange

Options for Currency Exchange Banks, hotels, exchange kiosks
Noteworthy Faces on Kiwi Currency
  •  $5 Note: Sir Edmund Hillary
  • $10 Note: Kate Sheppard
  • $20 Note: Queen Elizabeth II
  • $50 Note: Sir Apirana Ngata
  • $100 Note: Lord Rutherford of Nelson
  • 10 cents
  • 20 cents
  • 50 cents
  • $1
  • $2
Banknote Designs Reflecting NZ
  • Aoraki/Mount Cook
  • Whio (Blue Duck)
  • NZ Falcon
  • Kokako (Native Bird)
  • Southern Albatross
Real-time Exchange Rates Stay updated with a reliable currency converter

2. New Zealand Currency in Your Backpack

While there’s no restriction on the amount of foreign currency you can bring into or take out of New Zealand, a Border Cash Report is mandatory for those carrying more than NZ$10,000 in cash.

Cash limit

3. Unlocking the Vault: Banking in New Zealand

Understanding New Zealand’s banking rhythm is crucial for seamless financial transactions.

Varied opening hours, typically 9:30 am to 2:00 pm, Monday to Friday, with select branches open on weekends. Automated Teller Machines (ATMs) are your allies, stationed at bank branches, main shopping streets, and malls.

  • International Card Access: International credit cards and ATM cards with a four-digit PIN are your keys to Kiwi financial realms.

4. The Grace of Gratuities: Tipping and Service Charges

In this laid-back land, tipping isn’t obligatory. It’s a gesture of appreciation. Hotels and restaurants don’t impose service charges, leaving you free to express gratitude.

5. Cracking the GST Code

Navigating Kiwi commerce involves understanding the Goods and Services Tax (GST). All goods and services bear a 15% GST, seamlessly included in displayed prices.

  • GST Refund: Unlike some countries, there’s no GST refund for visitors. However, shipping a significant purchase to your home address exempts it from GST.

💵 For more information about living costs in New Zealand, we have created the following article: Cost of Living in New Zealand


6. Dancing with the Coins: Swedish Rounding

Due to the absence of 1c, 2c, and 5c coins, New Zealand engages in the Swedish Rounding System.

Prices ending in 1 to 4 cents round down, while those ending in 6 to 9 cents round up. Retailers decide the fate of prices ending in 5 cents.

7. Transferring and spending money as a foreigner in New Zealand

Are you an expat or a traveler in the picturesque land of the Kiwis? Managing finances as a foreigner in New Zealand can be both exciting and challenging.

We’ll explore seven essential tips for seamlessly transferring and spending money in New Zealand, featuring the Wise App.

  1. Understanding Local Currency:

    New Zealand uses the New Zealand Dollar (NZD). Familiarize yourself with the currency, its denominations, and current exchange rates using the Wise App to ensure accurate transactions.

  2. Low-Cost Currency Exchange:

    Traditional banks often charge high fees for currency exchange. Wise App offers real exchange rates with minimal fees, helping you save money when converting your funds from your home currency to NZD.

  3. Multi-Currency Account Benefits:

    Wise provides a multi-currency account, allowing you to hold and manage money in various currencies. This feature can be incredibly useful for budgeting and avoiding unnecessary conversion fees.

  4. Transparent Transaction Tracking:

    Keep track of your spending with Wise’s transparent transaction tracking. Monitor your expenses in real-time, making it easier to stick to your budget and identify any irregularities.

  5. Local Bank Transfers:

    Transfer money locally within New Zealand with ease using the Wise App. Enjoy faster and more cost-effective transactions compared to traditional banking methods, especially when settling bills or making local purchases.

  6. Debit Card Integration:

    Link your Wise multi-currency debit card to your account for convenient and secure transactions. Enjoy the flexibility of making purchases or withdrawing cash at ATMs without worrying about excessive fees.

  7. Community Insights and Tips:

    Wise has a vibrant community of users who share insights and tips. Leverage this resource to gain valuable advice from fellow foreigners in New Zealand, whether it’s about budget-friendly local spots or navigating financial nuances.

📲 Download the Wise App today and embark on your Aotearoa adventure with financial peace of mind.



Navigating the financial landscape as a foreigner in New Zealand doesn’t have to be a hassle.

With Wise App, you not only gain a reliable financial companion but also access a suite of features designed to make your money management journey smooth and cost-effective.

Embrace the Kiwi way of life with confidence, knowing your finances are in good hands.

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Kiwilanders is a directory and blog featuring informational and recreational content about New Zealand.