The unit of currency of New
Zealand is the NZ$ (New Zealand dollar). Coins carry
values of ten, twenty and fifty cents and NZ$1 and
NZ$2. Notes carry values of NZ$5, NZ$10, NZ$20,
NZ$50, and NZ$100.
Like the United States Dollar, the New Zealand
Dollar can be divided into a hundred cents. It was
started in 1967 to take the place of the New Zealand
Pound, while New Zealand its currency was
decimalized. Noteworthy is a feature which looks
like a hole in the 5 dollar bill. It is in actuality
covered by a transparency which is holographic
making the money very hard to duplicate.
There is no limitation on how much foreign money can
be brought in or taken out of New Zealand.
Nevertheless, each person who brings over NZ$10,000
in cash out of or into New Zealand is necessitated
to accomplish a Border Cash Report.
Banks, post shops, kiosks of Bureau de Change, and a number
of hotels can easily exchange foreign currencies. Bureau de
Change kiosks are located in several city centers and
international airports. New Zealand stores and shops accept
all major credit cards. Some stores, banks, and hotels
accept travelers checks.
Current rates of exchange against the New Zealand dollar are
available at banks.
The average value summary of the New Zealand dollar
against the United States dollar, the Australian
dollar, the Euro, the Yen, and the Pound are
provided online monthly by the New Zealand Reserve
You can compute the estimated value of approximately
thirty currencies in New Zealand Dollars at the New
Zealand Bank. The rate you are given in your country
of residence will probably differ slightly.
Banks in New Zealand are open from Monday to Friday
9:30 am to 4:30 pm. ATMs (Automated Teller Machines)
are widely accessible at malls and main shopping
streets and at banks.
ATM and International credit cards will function as long as
they have an encoded 4-digit PIN. Before leaving for New
Zealand, check with your bank.
All services and goods and are subject to a 12.5% GST (Goods
and Services Tax) which is added in the exhibited price.
Customers cannot claim back this tax if a supplier sends a
major purchase to the client’s home address since there will
be no charging of GST.
The New Zealand dollar in recent years has gotten
ahead against global currencies such as the
greenback, and sprouting tourism has seen rates rise
with increased demand. Nevertheless, if you’re
coming from North America or Europe, it’s still a
reasonably economic destination, except if you’re
jet boating or jumping off a plane every day. These
activities are usually very expensive, consider
carefully what you will be spending your money on.
To help cut corners, cheaper accommodations may be
more the thing for addicts of action to help keep
more money for the adventures, while inactive
individuals should minimize such expensive
activities since there are other more sedate and
less costly things to do in the country.
Food connoisseurs will find that food in New Zealand can be
quite pricey. Prepared meals at first class restaurants and
cafes can cost a pretty penny. But expensive in this sense
doesn’t necessarily mean better food so it would be prudent
to look at the menu first before sitting down to eat.