The live Canadian-dollar-to-New-Zealand-dollar rate, updated every minute. Book CAD→NZD with SummitFX on WhatsApp — same-day NZD settlement when you transact during the European morning.
Use the tabs to view the last week, month, year, or five years of daily closing rates. The shaded band shows the high-low range for the period — a quick visual read on volatility.
Type in either box — enter a CAD amount to see what you'd get in NZD, or enter a target NZD amount to see how many Canadian dollars you'd need. Calculated at the live mid-market rate shown above.
Note: The rate shown is the live mid-market rate. Your actual executable rate includes a small spread — typically 0.6–1.0% at SummitFX vs 2–4% at a UK high street bank. We'll always show the full breakdown before you book.
CAD/NZD is the cross between two commodity-linked Anglosphere currencies — Canada and New Zealand are both major raw materials exporters with similar economic structures, but with distinct commodity baskets. Canada exports oil, lumber, copper, and grains; New Zealand exports dairy, meat, wine, and timber. The pair tends to be moderately stable because both currencies move together on global commodity sentiment and risk appetite. Where they diverge is on oil prices (CAD-positive) versus dairy prices (NZD-positive), and on the differential exposure to US demand (CAD) versus China demand (NZD).
Bank of Canada policy: The BoC sets Canadian interest rates and meets eight times a year. The post-meeting Monetary Policy Report and Tiff Macklem's press conference are the biggest scheduled CAD events. The BoC's policy path tends to track the Fed closely given US-Canada economic integration.
Oil prices: Canada is the fifth-largest oil producer globally. Rising oil prices typically support CAD; falling oil weighs on it. WTI is the relevant benchmark. Oil moves are the key driver that distinguishes CAD from NZD — when oil rallies, CAD outperforms NZD even if dairy prices are weak.
US data dependency: Around 75% of Canadian exports go to the US, so Canadian growth is intimately linked to US demand. US non-farm payrolls and CPI prints often move CAD as much as Canadian-specific data.
Canadian housing: The Canadian housing market is a major macro variable — both as a wealth effect on consumer spending and as a financial stability concern for the BoC. Housing-sector data and BoC commentary on financial stability can move the loonie.
Risk sentiment: CAD is moderately risk-on but slightly less so than NZD given Canada's larger market liquidity and proximity to US safe-haven demand. In bullish global markets both strengthen but NZD often outperforms; in stress episodes CAD typically holds up better than NZD.
Reserve Bank of New Zealand policy: The RBNZ pioneered formal inflation targeting in 1990 and remains one of the most policy-active central banks in the developed world. It meets seven times a year. The Official Cash Rate decisions and Monetary Policy Statement are the biggest scheduled NZD events. The RBNZ has historically been willing to make bigger rate moves than the BoC.
Dairy and agricultural exports: Dairy is New Zealand's largest single export category, dominated by Fonterra. Global Dairy Trade auctions (held twice monthly) provide regular price signals. Strong dairy prices typically support NZD; weak prices weigh on it. Meat, fruit, and timber are also significant. CAD has minimal exposure to these specific commodities.
China demand: China is New Zealand's largest export market. Chinese growth data, particularly anything signalling food import volumes, often moves NZD differently from CAD because the underlying demand drivers differ — Chinese consumer food demand drives NZD, while Chinese industrial demand affects commodities markets that CAD responds to.
Risk sentiment: NZD is one of the textbook 'risk-on' currencies — small economy, commodity-linked, often used in carry trades. In bullish global markets NZD typically outperforms; in stress episodes it sells off sharply. NZ liquidity is thinner than CAD, which amplifies these moves.
RBNZ FX commentary: The RBNZ occasionally comments publicly on whether NZD is over- or undervalued. Such commentary can move the kiwi meaningfully because intervention, while rare, is not impossible.
Canada and New Zealand share modest direct trade ties as two Anglosphere commodity exporters with somewhat overlapping export profiles. Bilateral trade is worth around C$2 billion annually — relatively small given geographic distance and similar export structures (both compete in lumber, lamb, dairy markets in some cases rather than complementing each other). The corridor's depth comes from migration, the working-holiday programme, and institutional flows. Canada and New Zealand have a Working Holiday Maker programme that sends younger Canadians and New Zealanders between the two countries each year. NZ Super Fund and KiwiSaver default schemes hold meaningful Canadian government bond and equity positions; Canadian institutional investors have similarly small but real NZ asset holdings. CPTPP entry into force in 2018 has supported corridor depth.
New Zealand is 11-13 hours ahead of central Europe and 16-18 hours ahead of Toronto. To get same-day NZD delivery from European-routed bookings, the conversion needs to happen during European morning so the New Zealand banking day is still active. By European afternoon, NZ banking has typically wound down for the day.
Three things most commonly cause CAD→NZD transfers to slip past same-day:
Late CAD funding. Our cutoff is 12:00 UK time for same-day NZD settlement — earlier than most pairs because NZ banks close in the European morning. CAD wires from Canada need to be sent during the previous Canadian business day or very early Canadian morning to reach Europe before our cutoff.
NZD intermediary bank routing. SWIFT wires to smaller New Zealand banks may route through an Auckland-based intermediary which adds an hour or two of internal processing. The major NZ banks (ANZ NZ, BNZ, ASB, Westpac NZ, Kiwibank) typically credit directly within their business day.
Canadian or NZ public holidays. Canada has its own federal holidays (Canada Day on 1 July, Thanksgiving in October, Family Day, Victoria Day) plus provincial ones. New Zealand has its own distinctive set (Waitangi Day on 6 February, ANZAC Day on 25 April, Queen's Birthday in June, Matariki in June/July, Labour Day in October). The two calendars rarely overlap, so plan around both.
For property completions and other tight-deadline NZD payments, we recommend booking the day before or using forward contracts. The Canada-NZ working-holiday corridor often involves predictable transfer patterns suitable for forwards.
CAD/NZD is the corridor for Canadian residents and businesses with meaningful New Zealand-dollar obligations, plus anyone with NZ property, family, or business interests. Common use cases:
Canada and New Zealand have a reciprocal Working Holiday Maker programme that sends younger Canadians and New Zealanders between the two countries each year on extended visa stays. This generates ongoing CAD-NZD flow for living expenses, accommodation deposits, vehicle purchases, and family-support transfers — a steady, predictable corridor in both directions.
Canadian buyers — particularly former working-holiday participants — purchasing NZ property in Auckland, Wellington, Queenstown lifestyle properties, and Christchurch. NZ has had foreign-buyer restrictions since 2018 for residential property (with exemptions for citizens, residents, and certain visa categories), so understand the rules before committing.
Canadian pension funds (CPP, OMERS, Caisse de dépôt) and asset managers holding NZ government bonds and infrastructure positions. While modest in scale, these institutional holdings generate regular CAD-NZD rebalancing flow.
Canadians migrating to NZ under skilled-worker programmes or family reunification. These are typically large one-off transfers — savings, property sale proceeds — where broker spreads vs bank spreads make a meaningful difference.
Canadian businesses sourcing NZ wine (particularly Sauvignon Blanc), lamb, dairy products, and specialty agricultural goods. Tight spreads on regular high-volume payments noticeably affect margin in food and beverage categories.
Canadians and New Zealanders returning home after working-holiday stays converting accumulated savings back to home currency. While individual amounts are typically modest, the volume of these transfers makes broker access valuable across thousands of returnees per year.
You can convert Canadian dollars to New Zealand dollars through your bank, through a transfer app, or through a broker. CAD/NZD is a less-liquid commodity currency cross, which means bank markups can be wider — making broker access especially valuable for migration, working-holiday, and property flows.
Everything clients typically ask about sending Canadian dollars to New Zealand dollars. Still have questions? Message us on WhatsApp — a real dealer, not a bot, will reply.
We never forecast — but the chart above puts today's rate in context. CAD/NZD is moderately stable because both currencies are commodity-linked and tend to move together on global commodity sentiment. Where they diverge is in commodity baskets (oil/lumber for CAD vs dairy/meat for NZD) and trade partners (US for CAD, China for NZD). Rate alerts let you set a target and wait passively.
Canadian and NZ banks typically mark up CAD/NZD by 2–4% for retail customers — sometimes higher than for the larger majors because NZD is less liquid. SummitFX spreads are 0.6–1.0% depending on size. On a C$500,000 transfer that's a saving of C$10,000–C$20,000 in your favour.
Book and fund by 12:00 UK time on a business day and NZD typically lands in your beneficiary's account the same New Zealand business day. The early UK cutoff exists because NZ banks close during our morning. Late bookings settle on the next NZ business day.
Yes — and we strongly recommend it. NZ conveyancing typically runs 4–8 weeks, during which CAD/NZD can easily move 3–5%. A forward contract fixes today's rate for delivery on completion day; you pay a deposit (typically 5–10%) upfront and settle the balance at completion. Note NZ has specific foreign-buyer rules — check your eligibility before committing.
No hard minimum — we handle trades from C$500 to C$5m+. Below around C$5,000 the spread widens slightly to cover fixed execution costs. For working-holiday participants and recurring smaller payments, market orders or standing arrangements work better than ad-hoc bookings.
The rate shown on Google, XE, or the chart above is the mid-market rate — the midpoint of interbank buy and sell quotes. Nobody gets exactly that rate; providers add a margin. Banks typically 2–4%, Wise 0.7–1.0%, SummitFX 0.6–1.0% — with our clients also getting a named dealer and WhatsApp access.
The Canada-NZ Working Holiday Maker programme sends younger Canadians and New Zealanders between the two countries each year on extended stays. While smaller than Canada-Australia or NZ-Australia working-holiday flows, it generates consistent CAD-NZD demand for living expenses, accommodation deposits, and family-support transfers. Returnees in both directions also generate repatriation flows. The aggregate volume makes this a meaningful retail corridor even though individual transfers are typically modest.
Your rate is locked the moment you reply CONFIRM on a quote. Even if a commodity sell-off, China data surprise, or oil price move sends CAD/NZD in either direction before your wire reaches us, the rate you receive stays exactly as booked. Locking matters most for property completions and large mining-sector transfers where rate certainty is more important than chasing the absolute best rate.
Message us on WhatsApp and we'll have a live executable rate back in seconds.