It remains to be seen which direction the NZD will move next but it would be a prudent move for businesses to prepare for a weaker NZD. The larger you purchase and the weaker the NZD is, the more you will pay for overseas purchases. How can you save overseas currency transfer? While these plans can save on costs, they require planning, time and skills most businesses do not have. The below comparison show using a transfer company can save using XE vs a bank.

Source: Otago Daily Times July 12, 2021 00:11 UTC