NZ Currency change

Hi!

Does anybody know if it is better to bring traveller checks, cash or
use an ATM machine in New Zealand to get local currency?

Thanks!

Bring your credit and internationally acceptable debit cards

--
The Commissioner

www.the-commissioner.com



wrote in message
...
Hi!

Does anybody know if it is better to bring traveller checks, cash or
use an ATM machine in New Zealand to get local currency?

Thanks!

Bring your credit and internationally acceptable debit cards

--
The Commissioner

www.the-commissioner.com



wrote in message
...
Hi!

Does anybody know if it is better to bring traveller checks, cash or
use an ATM machine in New Zealand to get local currency?

Thanks!

Bring your credit and internationally acceptable debit cards

--
The Commissioner

www.the-commissioner.com



wrote in message
...
Hi!

Does anybody know if it is better to bring traveller checks, cash or
use an ATM machine in New Zealand to get local currency?

Thanks!

Hi!

Depends on a number of things:

ATM:
Although the banks initially use the interbank rate to convert to your
currency, they may well then reduce that by a percentage which is in effect
their 'fee' (actually for doing nothing). This will reduce the exchange rate
to almost the same as what you would get if you exchanged local currency for
NZ dollars before you leave.
Travellers Checks:
Again, depends on whether your bank charges a fee for them. If not, when
cashing them in NZ they charge a fee of (If I remember correctly) of 30
cents. Not a lot, if you are cashing a large check.
Cash:
Converting local currency to NZ dollars in NZ will be at the 'tourist' rate,
which is the interbank rate less a percentage for their commission. (another
rip off).

Suggest you talk to your bank before you go to find out what the charges are
for ATM and travellers checks and then make your decision.

Dave
wrote in message
...
Hi!

Does anybody know if it is better to bring traveller checks, cash or
use an ATM machine in New Zealand to get local currency?

Thanks!

Hi!

Depends on a number of things:

ATM:
Although the banks initially use the interbank rate to convert to your
currency, they may well then reduce that by a percentage which is in effect
their 'fee' (actually for doing nothing). This will reduce the exchange rate
to almost the same as what you would get if you exchanged local currency for
NZ dollars before you leave.
Travellers Checks:
Again, depends on whether your bank charges a fee for them. If not, when
cashing them in NZ they charge a fee of (If I remember correctly) of 30
cents. Not a lot, if you are cashing a large check.
Cash:
Converting local currency to NZ dollars in NZ will be at the 'tourist' rate,
which is the interbank rate less a percentage for their commission. (another
rip off).

Suggest you talk to your bank before you go to find out what the charges are
for ATM and travellers checks and then make your decision.

Dave
wrote in message
...
Hi!

Does anybody know if it is better to bring traveller checks, cash or
use an ATM machine in New Zealand to get local currency?

Thanks!

Hi!

Depends on a number of things:

ATM:
Although the banks initially use the interbank rate to convert to your
currency, they may well then reduce that by a percentage which is in effect
their 'fee' (actually for doing nothing). This will reduce the exchange rate
to almost the same as what you would get if you exchanged local currency for
NZ dollars before you leave.
Travellers Checks:
Again, depends on whether your bank charges a fee for them. If not, when
cashing them in NZ they charge a fee of (If I remember correctly) of 30
cents. Not a lot, if you are cashing a large check.
Cash:
Converting local currency to NZ dollars in NZ will be at the 'tourist' rate,
which is the interbank rate less a percentage for their commission. (another
rip off).

Suggest you talk to your bank before you go to find out what the charges are
for ATM and travellers checks and then make your decision.

Dave
wrote in message
...
Hi!

Does anybody know if it is better to bring traveller checks, cash or
use an ATM machine in New Zealand to get local currency?

Thanks!

On Fri, 30 Jul 2004 16:37:27 -0400, wrote:

Hi!

Does anybody know if it is better to bring traveller checks, cash or
use an ATM machine in New Zealand to get local currency?

Thanks!

Not specifically for NZ, but last year I travelled over twenty countries
using five currencies (US$, euro, Czech, Swiss francs, sterling). We
used our National Australia Bank debit cards at ATMs in all of them. We
lost less than 1% on the best exchange rates of the time comparing with
xe.com; some US ATMs charged a dollar or two as a local fee.

Check with your bank that their debit card is accepted in NZ ATMs; it's
safer than using your credit card because there is no risk of the
withdrawal being treated as "credit" and attracting additional interest.

The only "glitch" we discovered was that the account balance was never
converted properly, so ignore the balance figure. Everything else worked
fine.

Try not to have much local cash left over when you leave, you never get
full value when you get home and turn it back into your home currency.


Cheers, Alan
--

On Fri, 30 Jul 2004 16:37:27 -0400, wrote:

Hi!

Does anybody know if it is better to bring traveller checks, cash or
use an ATM machine in New Zealand to get local currency?

Thanks!

Not specifically for NZ, but last year I travelled over twenty countries
using five currencies (US$, euro, Czech, Swiss francs, sterling). We
used our National Australia Bank debit cards at ATMs in all of them. We
lost less than 1% on the best exchange rates of the time comparing with
xe.com; some US ATMs charged a dollar or two as a local fee.

Check with your bank that their debit card is accepted in NZ ATMs; it's
safer than using your credit card because there is no risk of the
withdrawal being treated as "credit" and attracting additional interest.

The only "glitch" we discovered was that the account balance was never
converted properly, so ignore the balance figure. Everything else worked
fine.

Try not to have much local cash left over when you leave, you never get
full value when you get home and turn it back into your home currency.


Cheers, Alan
--

On Fri, 30 Jul 2004 16:37:27 -0400, wrote:

Hi!

Does anybody know if it is better to bring traveller checks, cash or
use an ATM machine in New Zealand to get local currency?

Thanks!

Not specifically for NZ, but last year I travelled over twenty countries
using five currencies (US$, euro, Czech, Swiss francs, sterling). We
used our National Australia Bank debit cards at ATMs in all of them. We
lost less than 1% on the best exchange rates of the time comparing with
xe.com; some US ATMs charged a dollar or two as a local fee.

Check with your bank that their debit card is accepted in NZ ATMs; it's
safer than using your credit card because there is no risk of the
withdrawal being treated as "credit" and attracting additional interest.

The only "glitch" we discovered was that the account balance was never
converted properly, so ignore the balance figure. Everything else worked
fine.

Try not to have much local cash left over when you leave, you never get
full value when you get home and turn it back into your home currency.


Cheers, Alan
--