The New Zealand Dollar has proved very resilient in recent times and with milk prices recovering, local rate-cut expectations receding and doubts growing that the Federal Reserve will hike this month, the NZD will likely remain relatively high against most of the major currency pairs.

Many Kiwis are taking advantage of the strong NZD by investing overseas, importing cars or vehicles, sending gifts, supporting family internationally or even clearing overseas mortgages, student loans or debts. 

Conversely, there are still clients that have obligations in NZ that require a conversion from another currency. Individuals could be repatriating pensions, transferring a deposit for a property, or even relocating permanently and transferring savings.  Investing into NZ is another popular option; the nation’s bonds are very attractive, offering the highest yield among developed peers globally.

Regardless of which direction the funds are being sent, if you are making an international transfer you should consider using a currency specialist such as NZForex.  The savings are significant compared to the banks and can result in savings of thousands or even tens of thousands of dollars (depending on volumes being sent).  Mortgage Express have been working with NZForex for more than 4 years, and have only heard glowing feedback.