Money Matter & cost

New Zealand's unit of currency is the New Zealand dollar (NZ$). Coins have values of 10, 20 and 50 cents, $1 and $2; notes have values of $5, $10, $20, $50 and $100. There is no restriction on the amount of foreign currency that can be brought in or taken out of New Zealand. However, every person who carries more than NZ$10,000 in cash in or out of New Zealand is required to complete a Border Cash Report.
Foreign currency can easily be exchanged at banks, some hotels and Bureau de Change kiosks, which are found at international airports and most city centres. All major credit cards can be used in New Zealand. Travellers Cheques are accepted at hotels, banks and some stores.
You can calculate the value of your currency in NZ Dollars using the newzealand.com currency converter on this page. The rate you are offered in your home country is likely to differ slightly.
The Reserve Bank of New Zealand provides a monthly online summary of the New Zealand Dollar's average value against the US Dollar, the Pound, the Australian Dollar, the Yen and the Euro.
Banks are open from 9.30am to 4.30pm Monday to Friday. Automated Teller Machines (ATM) are widely available at banks, along main shopping streets and in malls.
International credit cards and ATM cards will work as long as they have a four-digit PIN encoded. Check with your bank before leaving home.
Credit cards with "Smart Card" technology : Smart cards are payment cards that carry an embedded microchip allowing them to store encrypted, confidential information, and carry multiple applications from different industries alongside debit, credit, or prepaid payment applications. Please note these cards, which often have no magnetic strip, are not accepted everywhere in New Zealand. You may experience problems using these cards, and we therefore recommend you contact you card provider for further information before arriving in New Zealand.

Travellers cheques : International visitors who wish to travel to New Zealand with travellers cheques should bring a major currency type of travellers cheque with them in the future. For travel to our region AUS$ travellers cheques can be purchased.
Here is a general guide of what you can expect to pay in New Zealand for a few common items:
A hotel breakfast , Approx NZ$10- $25
Dinner (3-course, no wine), Approx NZ$20 - $50
Lunch snack/sandwich, Approx NZ$5 - $10
Cafe lunch , Approx NZ$10 - $15
A postcard stamp to anywhere abroad, Approx NZ$1.50
Big Mac Hamburger, Approx NZ$3.95
Cappuccino, Approx NZ$3 - $3.50

Tipping in New Zealand is not obligatory - even in restaurants and bars. However, tipping for good service or kindness is at the discretion of the visitor. Hotels and restaurants in New Zealand do not add service charges to their bills.



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