Reason 1: the New Zealand dollar!
Since the 1950s, the New Zealand dollar has lagged behind
other major currencies. In recent times, the New Zealand
dollar is worth approximately:
Country |
NZD 1.00 ~ |
|
| USA |
USD 0.70 |
so USD 1.00 is about NZD 1.40 |
| Europe |
EUR 0.50 |
so EUR 1.00 is about NZD 2.00 |
| Great Britain |
GBP 0.35 |
so GBP 1.00 is about NZD 2.75 |
| Canada |
CAD 0.80 |
so CAD 1.00 is about NZD 1.20 |
| Australia |
AUD 0.85 |
so AUD 1.00 is about NZD 1.15 |
Many competitors will come to New Zealand with much stronger
currencies than our own, so your money will go much further!
It is not just our currency, but also our purchasing
power – the New Zealand dollar has less purchasing
power than most major foreign currencies, according to
Statistics New Zealand.
Comparative costs
Listed below are the approximate prices of a number of
common items. These items may give you an idea of the
general level of prices in New Zealand. Of course, some
items will be comparatively cheaper in New Zealand, while
others (particularly imported items) may not be.
The prices below are non-sale prices. Sale prices can
be significantly cheaper. Note that tipping is not expected
in New Zealand.
Common items |
Approx cost |
| |
NZD |
USD |
EUR |
| Big Mac® |
$ 4.60 |
$3.22 |
€2.30 |
| Big Mac® combo (with fries and drink) |
$ 6.90 |
$4.83
|
€3.45 |
| Milk, 2 litres at a supermarket |
$ 3.85 |
$2.70
|
€1.93 |
| Eggs, 12 at a supermarket |
$ 4.00 |
$2.80
|
€2.00 |
| Loaf of bread at a supermarket |
$ 3.00 |
$2.10
|
€1.50 |
| Coke, 333ml can from a vending machine |
$ 1.60 |
$1.12
|
€0.80 |
| Coke, 2 litres at a supermarket |
$ 2.49 |
$1.74
|
€1.25 |
| Latte (coffee) at a nice café |
$ 3.50 |
$2.45
|
€1.75 |
| Lunch at a food hall |
$ 8.00 |
$5.60
|
€4.00 |
| Dinner at a café or restaurant (varies) |
$ 30.00 |
$21.00 |
€15.00 |
| Postcard stamp, worldwide |
$ 1.50 |
$1.05
|
€0.75 |
| Internet café per hour |
$ 3.00 |
$2.10
|
€1.50 |
| Film developing, 36 exposures |
$ 14.95 |
$10.47
|
€7.48 |
| Petrol 91 octane, 1 ltr |
$ 1.52 |
$1.06
|
€0.76 |
About New Zealand’s currency
The New Zealand dollar ($) comprises 100 cents (c);
it is available in the following denominations:
Notes |
Front image |
Back image |
| $100 |
 |
 |
| $50 |
 |
 |
| $20 |
 |
 |
| $10 |
 |
 |
| $5 |
 |
 |
Coins |
|
|
| $2 |
 |
 |
| $1 |
 |
 |
| 50c |
 |
 |
| 20c |
 |
 |
| 10c |
 |
 |
