Welcome to New Zealand

 

 

 

 

 

New Zealand Money

 

New Zealand Money

New Zealand Money

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 Bank.


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.
 

 

  

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