FAQs - Australian dollar - New Zealand dollar exchange
Do you want to change your Australian dollars into New Zealand dollars but still have doubts? Find your answers here or else contact us, we are ready to help!
1) What is the exchange rate from Australian dollars to New Zealand dollars? Exchange rates fluctuate and change daily. You can check the exchange rate for today on this website or in any of our branches.
2) Will I be charged a commission for changing my Australian dollars into New Zealand dollars? All transactions (at the branches or online) worth AUD 1,000 or above are fee-free. We only have a small margin, which is even lower when you change your currency online than when you change it in person at the airport.
3) Do I get the same Australian dollar to New Zealand dollar exchange rate in this website or in any of your branches? No, the exchange rate applied to orders placed on the website in Australia (for buyers of foreign currency or inbound travellers buying AUD) is more advantageous for you than at the airport branches. This way we can make sure you get the best rates online. If you need more information or have doubts, please contact our Customer Service Department.
4) How will I be delivered the New Zealand dollars I ordered online? After placing your online order, you'll be able to collect it at any of our branches at Sydney Airport. Besides getting the best exchange rate for your online exchange (more travel cash for the same price), this service allows you to save time and reduce anxiety, as you will have the currency you need ready for your trip abroad.
5) Why does the Australian dollar to New Zealand dollar exchange rate seem cheaper and more attractive in the Internet than in exchange businesses? The exchange rates shown in Internet currency converters are for currency wholesalers (foreign exchange transactions for financial and international trade companies), not for the public. Those cheaper rates are for the foreign exchange, not for currency exchange operations in cash.
6) What is the difference between foreign exchange and currency exchange? Foreign exchange (Forex, for short) is the market that establishes the value of the currencies in which international transactions will be performed, at a wholesale level. Currency exchange, on the other hand, is the market in which individual currencies are sold in retail on a certain price depending on demand. Currency exchange entails cash transactions, thus adding logistic costs, and therefore their exchange rates are somewhat “worse” than the Forex rates, which only move money between accounts.
7) What is the difference of changing my Australian dollars to New Zealand dollars with you or at a bank? Banks charge a margin, plus a commission and you have to visit them at least twice: to order the money and to collect it. At Global Exchange you can order online and collect your currency at the airport before you which is even lower when you change your currency online than when you change it in person at the airport.
Global Exchange