The current exchange rate for the New Zealand Dollar (NZD) to the US Dollar (USD) stands at USD 1.69 for both buying and selling, as per the open market rate on 16 April 2024. Exchange rates between currencies, such as the NZD and USD, are subject to constant fluctuations based on global supply and demand dynamics.
For individuals or businesses looking to convert currencies, understanding the prevailing exchange rates is crucial to ensure the best possible conversion rates. The table below provides a snapshot of the exchange rates for the NZD against the USD and other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.55 | 1.55 |
| British Pound (GBP) | 0.80 | 0.80 |
| Canadian Dollar (CAD) | 1.38 | 1.38 |
| Chinese Yuan (CNY) | 7.24 | 7.24 |
| Euro (EUR) | 0.94 | 0.94 |
| Japanese Yen (JPY) | 154.22 | 154.22 |
| New Zealand Dollar (NZD) | 1.69 | 1.69 |
| Swiss Franc (CHF) | 0.91 | 0.91 |
It is important to note that while open market currency exchange rates provide a general indication of the market rate, banks may apply different rates when converting currencies. Banks typically charge a higher exchange rate compared to the open market rates.
For the most up-to-date exchange rates, individuals can refer to the country's top currency rates portal, which offers timely updates on inter-bank currency rates. Staying informed about currency exchange rates can help individuals make informed decisions when converting currencies.
