NZD/EUR: what to know
The NZD/EUR rate shows how much EUR you get for 1 NZD. Right now, 1 NZD buys 0.5013 EUR at the mid-market rate. In the other direction, 1 EUR is worth 1.9946 NZD.
In the short term NZD is driven mainly by soft-commodity prices and risk appetite, while EUR responds to ECB policy and eurozone growth.
The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
Over the past 12 months the NZD/EUR rate has ranged between 0.4854 and 0.5131 — a change of -1.38% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.