Convert Canadian Dollar to New Zealand Dollar
CAD to NZD Exchange Rate Calculator
1 Canadian Dollar (CAD) = 1.2171 New Zealand Dollar (NZD) at the live mid-market rate. That means $100 CAD converts to roughly 121.71 NZD, and $1,000 CAD converts to about 1,217.10 NZD. The CAD/NZD rate refreshes every hour from Frankfurter, which sources data from the European Central Bank reference set. Enter any amount below to convert instantly — free, no sign-up.
90-day CAD/NZD context
Over the past 90 days, CAD/NZD has traded between 1.2126 and 1.2605. The current rate of 1.2171 sits roughly 9% through that range — near the lower end, meaning New Zealand Dollar has been stronger than typical against Canadian Dollar recently. Versus the rate 90 days ago, Canadian Dollar has weakened by 1.58% against New Zealand Dollar.
CAD/NZD Price History
Interactive CAD/NZD exchange rate chart with 7-day, 30-day, and 90-day views.
About Canadian Dollar (CAD)
The Canadian Dollar (CAD) is the official currency of Canada and the sixth-most-held reserve currency. Nicknamed the "Loonie" after the loon on the C$1 coin, it is a commodity currency driven primarily by crude oil prices and US cross-border trade, which accounts for roughly 75% of Canadian exports.
- •Canada is the world's fourth-largest crude oil producer
- •Roughly 75% of Canadian exports go to the United States
- •Bank of Canada (BoC) sets the overnight rate and targets 2% CPI inflation
- •USD/CAD is often called the "Loonie" among traders
- •Canada and the US are connected by the USMCA trade agreement (replaced NAFTA in 2020)
About New Zealand Dollar (NZD)
The New Zealand Dollar (NZD) is the official currency of New Zealand, Niue, the Cook Islands, and Tokelau. Nicknamed the "Kiwi" after the national bird on the NZ$1 coin, it is a commodity currency heavily tied to dairy exports — New Zealand is the world's largest dairy exporter by value.
- •New Zealand is the world's largest dairy product exporter
- •Reserve Bank of New Zealand (RBNZ) was the first central bank to adopt a formal inflation target (1990)
- •NZD/USD is nicknamed "Kiwi"; AUD/NZD is "Bird" among traders
- •China is New Zealand's largest trading partner
- •Fonterra's GlobalDairyTrade auctions (fortnightly) move NZD reliably
Frequently Asked Questions
How do commodity prices affect CAD/NZD?
CAD is a commodity-linked currency — its movements correlate closely with WTI crude oil prices. Rising commodity prices typically strengthen CAD and move CAD/NZD accordingly.
What is a typical daily range for CAD/NZD?
Daily ranges vary with volatility regimes. Majors like EUR/USD typically move 0.5–1.2% on quiet days and 2–3% on data-release days. Check the 30-day chart above for a sense of the current range.
What economic events move CAD/NZD the most?
The biggest scheduled catalysts are BoC rate decisions, Canadian employment data, and WTI crude movements and RBNZ decisions and fortnightly GlobalDairyTrade auctions. Geopolitical headlines and global risk sentiment also produce meaningful moves, especially when one currency is a safe-haven and the other is risk-sensitive.
Is it cheaper to convert CAD to NZD at a bank or online?
Online money-transfer services (Wise, Revolut, Remitly, InstaRem) typically offer rates much closer to the mid-market CAD/NZD than traditional banks. Always compare the total delivered amount, not just the advertised "fee" — many providers embed their margin in the exchange rate itself.
Does the CAD/NZD rate change on weekends?
The interbank forex market closes from Friday 21:00 UTC until Sunday 21:00 UTC, so mid-market CAD/NZD rates don't update during that window. Retail broker spreads often widen at Sunday open as Asian desks reopen, so the first few hours of the new week can carry wider execution costs.
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Rate history
- NZD/USD historyNZD/USD ("Kiwi" in forex slang) is the second of the major commodity-currency pairs after AUD/USD — heavily linked to global dairy prices, Chinese consumer demand, and global risk sentiment
- AUD/NZD historyAUD/NZD is the trans-Tasman cross — combining Australia's commodity-currency with New Zealand's dairy-driven currency
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Exchange rates refresh hourly · Sourced from institutional-grade data providers