A stunning island country in the Pacific Ocean, New Zealand (NZ) is famed for picturesque landscapes, exotic wildlife, and a unique mix of different cultures. This nation, teeming with natural wonders, is a lovely tourist destination.
This New Zealand dollar guide covers everything about the NZ currency, popular modes of payment, and how to spend wisely on a trip to New Zealand.
List of currency notes in New Zealand
Issued by the country’s Reserve Bank, the New Zealand dollar has the currency code NZD, denoted as NZ$. It is colloquially known as the Kiwi dollar. It is denoted as $ in New Zealand, and each NZ$ is subdivided into 100 cents.
The five banknote denominations in circulation at present include $5, $10, $20, $50, and $100. The coin denominations are 10 cents, 20 cents, 50 cents, $1, and $2.
Using Indian currency
While you cannot use Indian currency in New Zealand, it is easy to convert INR into NZD at any bank or registered foreign exchange office or get some money converted to India before departure. It is also possible to withdraw cash in NZ currency from an ATM if you are carrying a debit or credit card enabled for international usage. This involves a fee, though.
However, when it comes to currency exchange New Zealand, avoid the counters at airports or hotels since they generally charge additional commissions.
Methods of payment in New Zealand
Whether you are exploring major cities, suburbs, or rural areas, clarifying popular New Zealand payment methods can contribute to a smooth experience. The following are the payment options available in NZ:
- Cards: Both international debit and credit cards are widely accepted in big cities and key establishments, especially from providers like MasterCard and Visa.
- Cash: While New Zealand is increasingly becoming cashless, small businesses or those in suburban and rural areas might prefer cash payments.
- Mobile payment: Big businesses in NZ cities often accept Payments through Google Wallet, Apple Pay, and Samsung Pay. Just remember to update these digital wallets before flying.
Tips to save money when travelling in New Zealand
Here are some ways in which you can spend New Zealand dollars consciously and yet have a great time:
- Pick the season carefully: Visiting New Zealand during spring or autumn is cheaper than in summer. Winter is also pocket-friendly unless you are visiting skiing regions.
- Book flights in advance: Research, compare, and, if possible, keep dates flexible to find the best deals.
- Choose accommodations wisely: Opt for B&Bs with kitchen access (since food is expensive), accommodations offering complimentary breakfast, or farms outside major towns.
- Spend wisely on transport: Take public buses and trains or rent a fuel-efficient car or campervan to explore the country affordably.
- Enjoy free activities: Visit spectacular beaches and waterfalls, hike in national parks, explore forests, and have picnics for free.
- Avail travel insurance: It will help you save money in case of trip cancellations, lost baggage, medical emergencies, etc.
FAQs
- How much is NZD 100 in INR?
Since currency exchange values are subject to change, the approximate equivalent of NZ$100 is INR 5000.
- Is it possible to use Indian currency in New Zealand?
You must convert Indian money into New Zealand dollars at a bank or foreign exchange centre or withdraw the same from an ATM.
- What is the code and symbol used for NZ currency?
NZD is the code, and $ (sometimes NZ$) is the symbol used for NZ currency.
- How can travel insurance for New Zealand help?
Travel insurance protects you financially if you fall ill, lose your passport, need to cancel the trip, or have baggage delays.
Conclusion
Knowledge about the New Zealand dollar and payment methods you can use when travelling in New Zealand makes your trip easier and more enjoyable. Remember to convert some Indian money into NZD to have cash for small expenses. International credit or debit cards allow for smooth transactions in New Zealand cities. Follow money-saving travel tips and buy travel insurance to stay prepared for emergencies.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.