How To Get The Most Exchange Rate When Converting AUD To NZD

When planning a trip to New Zealand, getting the best exchange rate on your Australian dollars is important. The good thing is that there are plenty of ways to do this – it just takes a bit of research.

Here are a few points on how to get the best exchange rate when converting AUD to NZD!

#1 – Get an Idea of the Current Exchange Rate

Before you start exchanging Australian Dollars for New Zealand Dollars, you need to know the current exchange rate. You can find this information online, including banks, currency converter websites, and some travel sites. Once you know the rate, you’ll be able to work out how much you should get for your Australian dollars.

#2 – Use a Currency Converter Tool

Many different currency converter tools are available online, and they can be helpful ways to compare exchange rates. For example, enter the number of dollars you want to convert, and they’ll show you an equal amount in New Zealand dollars. Some converters will also show you a range of rates from different sources, so you can get an idea of how the rate fluctuates.

#3 – Use a Travel Card

Consider getting a travel card beforehand if you’re planning to use your credit or debit card. These cards permit you to load them up with Australian dollars and then use them like a normal card in New Zealand. As a result, you’ll usually get a good exchange rate, and you won’t have to worry about carrying large amounts of cash.

#4 – Use a Money Transfer Service

If you’re planning to withdraw cash from an ATM, you might want to use a money transfer service. These services usually have very good exchange rates. This is a convenient way to get your hands on New Zealand dollars.

#5 – Use a Foreign Exchange Broker

You can use a foreign exchange broker to get the very best exchange rate possible. These brokers buy and sell foreign currency and can often get you a better rate. Of course, you’ll need to shop around to see the best deal, which may involve some fees. But if you’re exchanging a large amount of money, it could be worth it.

#6 – Get Your Money Before You Leave

If you’re planning to exchange a large amount of money, it’s often best to do it before you leave Australia. That way, you’ll get the current exchange rate and won’t have to worry about finding a place to exchange your money once you’re in New Zealand. You can do this at most banks and currency exchange stores.

#7 – Use an ATM in New Zealand

If you need cash while you’re in New Zealand, your best bet is to use an ATM. You’ll usually get a good exchange rate, and you won’t have to worry about finding a place to exchange your money. Just be sure to check with your bank beforehand to see if there are any fees associated with withdrawing cash from an ATM in New Zealand.

#8 – Shop Around for the Best Exchange Rate

Whether you’re exchanging money before leaving Australia, shopping around for the best exchange rate is always a good idea. Check the rates at a few different banks or currency exchange stores, and compare them to the rates you’ll find online. And remember, the rate you’re offered may vary depending on the amount of money you’re exchanging.

#9 – Know When to Exchange Your Money

The exchange rate can fluctuate quite a bit, so it’s important to know when to exchange your money. For example, if you’re planning to exchange a large amount of money, it’s best to do it when the Australian dollar is strong against the New Zealand dollar. But, if you need cash while you’re in New Zealand, it might be better to wait until the New Zealand dollar is stronger.

#10 – Be Careful With Your Money

As with any foreign country, it’s important to be careful with your money. Don’t carry large amounts of cash around with you, and be sure to keep your valuables safe. When using ATMs, be aware of your surroundings and don’t let anyone see you enter your PIN. And finally, if you’re planning to exchange a large amount of money, be sure to do it with a reputable bank or currency exchange store.

TL:DR

When travelling to a foreign country, it is important to have knowledge of the exchange rate and when to best make the conversion. By following these tips, you can ensure you get the most value for your Australian dollar and minimise any potential losses while in New Zealand.

Have any questions or tips of your own? Let us know in the comments below!

MORE – Travel Inspiration: New Zealand

MORE – Why Hollywood Loves New Zealand – And So Should You!

 

No Comments

Leave a Reply

Your email address will not be published.