Summary: Wondering which currency to use in New Zealand? Discover the best way to exchange INR to NZD, avoid hidden fees, and get the best exchange rates before your trip.
Most people associate New Zealand with breathtaking national parks, the Kiwi bird, and The Lord of the Rings. But beyond its stunning landscapes and friendly locals, there’s one essential detail travelers must consider—currency exchange.
Are you planning an exciting trip to New Zealand? Make sure currency exchange is on your to-do list. Let’s find out the best currency to use in New Zealand and how to get the best exchange rates.
Which currency is the best one to use in New Zealand?
Here are 3 scenarios to answer the above question:
1: Carry US dollars to New Zealand
There’s a common misconception that US dollars are accepted in New Zealand. It is important for you to know that the country has its own official currency and doesn’t accept any other currency like USD, Euro, AUD, etc. The New Zealand dollar is the official currency of New Zealand and its islands. Hence, you may have to convert USD to NZD if you have US dollars with you, in order to make payments in New Zealand.
2: Carry NZD to New Zealand
For Indians traveling to New Zealand, you’ll have to convert your INR to NZD. Known as the “Kiwi dollar”, the New Zealand dollar is one of the strongest-performing currencies in the world. It’s denoted by the dollar sign (NZ$). You can load NZD onto a Forex card or take it in the form of currency notes. With BookMyForex, India’s leading online forex platform, you can:
1. Get the best INR to NZD exchange rates in your city.
2. Receive your forex card or currency notes the same day in 50+ cities.
3. Save 2.5% – 6.5% over banks & money changers in India.
3: Carry Indian Rupees & convert them in New Zealand
While you can carry Indian Rupees (INR) to New Zealand, exchanging them in a foreign country is not recommended because:
1. These stores have an operational setup at the physical level which involves various kinds of fixed costs such as salaries and rent.
2. All these costs are ultimately passed down to the consumer via higher fees and rates.
3. INR is also not widely accepted for exchange in New Zealand.
4. Moreover, finding a reliable exchange service after arrival can be inconvenient.
Therefore, the best option is to order the NZD currency online in India through BookMyForex at the lowest rates and have it delivered to your doorstep the same day.
Which currency one should take to New Zealand?
Based on the above scenarios, it’s pretty clear that the New Zealand dollar (NZD) is the best currency to carry and use in New Zealand. The most obvious reason for this is that New Zealand accepts no other currencies, not even the US dollar. In case you plan on carrying Indian rupees to New Zealand and exchanging currency there, you will end up paying at least 5-7% more at offline currency exchange stores, so it is not the most economical choice. Hence, if you are traveling to New Zealand anytime soon, the best option is to convert INR to NZD online at the best forex rates via BookMyForex and save 2.5% – 6.5% over banks & other money changers in India.
Frequently Asked Questions
How much NZD can I carry from India?
Although New Zealand allows you to bring as much foreign currency as you like, if you are bringing more than NZD$10,000, you need to declare it to Customs at the airport. But, if you are an Indian traveling to New Zealand, you can only carry 3000 USD or equivalent currency per person per travel from India, according to RBI guidelines.
What currency do they use in New Zealand?
New Zealand and its islands use the New Zealand dollar. New Zealand’s dollar, also known as the Kiwi dollar, is one of the world’s strongest currencies. It’s denoted by the dollar sign (NZ$). It is important to know that the country does not accept any other currencies and uses its own official currency only.
Is New Zealand currency cheaper than India?
No, the New Zealand dollar is actually more expensive than the Indian rupee. The current exchange rate of NZD to INR is Rs 50.64. Therefore, to buy 1 NZD, you will have to pay Rs 50.64. The Indian currency is therefore cheaper than the New Zealand currency.
