NZD to Euro Exchange Rate

Factors that affect the NZD to EUR exchange rate

The NZD to EUR exchange rate can move as interest rates change in New Zealand and Europe. Decisions from the Reserve Bank of New Zealand and European Central Bank can affect demand for each currency, which can shift the New Zealand dollar against the euro.

New Zealand export demand, including dairy, can also influence the NZD to EUR rate. Global market sentiment plays a part too, while Travelex online rates update throughout the day.

Where to buy euros in New Zealand

• You can convert New Zealand dollars to euros before you fly.
• Order online and collect from a Travelex store or one of 11 Post Outlet locations across New Zealand.
• You can also buy euros in person at a Travelex store.
• For ATM access, check available Travelex ATM locations before you travel or while you’re overseas.

Once you’re home, you can sell eligible leftover foreign banknotes back to us at a Travelex store.

A history of European currency

The euro launched in 1999, while euro banknotes and coins entered circulation in 2002. It replaced national currencies such as the French franc and German mark, making it easier to use the same currency across much of Europe.

European Countries and the euro

The euro is the official currency of 21 EU countries, including France, Germany, Spain and Italy. Bulgaria became the newest member of the euro area on 1 January 2026.

Andorra and Monaco also use the euro under formal agreements with the EU. Kosovo and Montenegro use the euro without being part of the euro area.

Six EU countries currently remain outside the euro area. These are Czechia, Denmark, Hungary, Poland, Romania and Sweden.

Before the euro

Before the euro, countries each had their own currencies, think the French franc or Italian lira. The euro made travel and trade across Europe so much simpler. No more converting money at every border.

The euro symbol (€) draws on the Greek letter epsilon, a nice nod to Europe's roots in ancient Greece. Those two parallel lines are meant to represent stability. You'll spot the currency code EUR and that currency symbol on every rate we quote.

NZD to EUR exchange rate history

The NZD to EUR exchange rate has had plenty of ups and downs over the years, largely driven by shifts in the global economy and how much Kiwis are travelling.

Since the euro's introduction in 2002, 1 New Zealand dollar has typically converted to anywhere between 0.43 and 0.71 euros, while the reverse, converting euros to New Zealand dollars, has ranged from around 1.40 NZD to over 2.30 NZD, depending on the year.

For example:

• In 2015, the rate hit a high of around 0.71 EUR per NZD, a win for Kiwi travellers.
• By 2017, it was back down near 0.57 EUR, before recovering again in 2018.

Over the past few years, NZD to euro rates have mostly hovered between 0.55 and 0.60 EUR, while the EUR to NZD rate sat around 1.65 to 1.80 NZD.¹

Sources: 1. xe.com/currencycharts

*Historical exchange rate figures are approximate and based on publicly available market data.