Business Desk 04 Feb , 2025 01:02 AM GMT
Exchange rates fluctuate due to global supply and demand dynamics.
Current NZD to USD rate is 1.78 for both buying and selling.
Banks often charge higher rates for currency exchange than open market rates.
Exchange rates fluctuate due to global supply and demand dynamics.
The current exchange rate for the New Zealand Dollar (NZD) to US Dollar (USD) stands at USD 1.78 for both buying and selling, as per the open market rate on 3 February 2025. Exchange rates between currencies are subject to constant fluctuations due to global supply and demand dynamics.
For individuals or businesses looking to convert currency, understanding the prevailing exchange rates is crucial to ensure the best possible conversion rate. The table below provides a snapshot of the exchange rates for NZD to USD and other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.61 | 1.61 |
| British Pound (GBP) | 0.80 | 0.80 |
| Canadian Dollar (CAD) | 1.44 | 1.44 |
| Chinese Yuan (CNY) | 7.20 | 7.20 |
| Euro (EUR) | 0.97 | 0.97 |
| Japanese Yen (JPY) | 155.29 | 155.29 |
| New Zealand Dollar (NZD) | 1.78 | 1.78 |
| Swiss Franc (CHF) | 0.91 | 0.91 |
It is important to note that open market currency exchange rates may differ from those offered by banks, with banks typically charging higher rates for currency exchange. Keeping track of inter-bank currency rates can help individuals make informed decisions when converting currencies.
Stay informed with the latest exchange rates by visiting the country's top currency rates portal, which provides timely updates on currency exchange rates. By staying updated on exchange rates, individuals can make informed decisions when converting currencies and potentially secure better rates for their transactions.
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