Exchange Rates and Money

Currency

New Zealand uses the New Zealand Dollar (NZ$), available in coins of 10, 20, and 50 cents, and $1 and $2, with banknotes in denominations of $5, $10, $20, $50, and $100. There are no limits on the amount of foreign currency that can be brought in or taken out of New Zealand. However, if you carry more than NZ$10,000 in cash when entering or leaving, a Border Cash Report is required.

Exchanging Currency

Foreign currency is easily exchangeable at banks, international airport kiosks, hotels, and Bureau de Change offices. Major credit cards are widely accepted, and ATMs are available in urban centers and shopping districts.

Exchange Rates

Currency exchange rates fluctuate, but the Reserve Bank of New Zealand provides a monthly summary of average rates for major currencies like the US Dollar, Pound, Australian Dollar, Yen, and Euro. For real-time rates, the Bank of New Zealand’s website offers a quick currency calculator for approximately 30 currencies.

Banking

Banks in New Zealand generally operate from 9:00 AM to 4:30 PM, Monday through Friday. ATMs are widely available, and most international credit and debit cards with four-digit PINs are compatible. Be sure to confirm with your bank about any fees before traveling.

Goods and Services Tax (GST)

New Zealand has a 15% GST included in displayed prices for goods and services.

Duty Free

In New Zealand, travelers can take advantage of duty-free shopping when entering or leaving the country. Each traveler is allowed to bring in limited quantities of certain items such as alcohol and tobacco without incurring duty or Goods and Services Tax (GST). Items purchased duty-free at New Zealand's international airports or online can offer savings on high-quality local and international products. Be sure to check New Zealand Customs' guidelines for specific limits and restricted items to ensure smooth clearance.

Average Costs (2024)

• Hotel breakfast: NZ$18–$35
• Retaurant Main Course Dinner: NZ$25–$40
• Lunch snack/sandwich: NZ$8–$12
• Cafe lunch: NZ$18–$26
• Postcard stamp (international): NZ$2.70
• Big Mac Hamburger: NZ$9
• Cappuccino: NZ$5–$6.50

Tipping and Service Charges

Tipping is not a standard practice in New Zealand, and service charges are generally not added to bills, except for some higher end restaurants. However, tips are welcome for exceptional service, and discretion is up to the visitor. On Public Holidays some cafes and restaurants will add a 15% surcharge, but this is usually pointed out with signage on entry.