Compare today's NZD to PHP (New Zealand Dollar to Philippine Peso) exchange rates
📈 New Zealand to Philippines Money Transfer Snapshot Today
- Best NZD to PHP exchange rate today: PHP 36.3227, offered by Panda Remit
- Number of money transfer providers compared: 15
- Exchange rate range: PHP 34.5653 to PHP 36.3227
- Potential savings on NZD 1000: PHP 1,757.40
- Number of deals and promo codes: 4
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real NZD to PHP exchange rate before providers add their margin or fees. exchange rate: 1 NZD = PHP 35.0258 (Updated about an hour ago)
See detailed New Zealand to Philippines money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 Special exchange rate applied for first transfer
📢 Special exchange rate applied for first transfer
📢 B2B transfers only
📢 New! Cash pickup available
📢 B2B transfers only
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
💡What today's NZD-PHP exchange rates mean for you
Compare today's NZD-PHP exchange rates and send money from New Zealand to Philippines after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 15 providers that you can rely on for New Zealand to Philippines money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive New Zealand to Philippines Providers
🥇 Panda Remit with 1 NZD = 36.3227 PHP (best NZD to PHP exchange rate today).
🥈 Remitly offering 1 NZD = 35.8600 PHP.
🥉 Key Currency & Regency FX are also providing good FX rate today.
The exchange rate provided by these 15 providers ranges from PHP 34.5653 to PHP 36.3227. For a NZD 1000 money transfer from New Zealand to Philippines, that could mean up to PHP 1,757.40 saved on FX alone.
NZD-PHP exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final PHP payout that your recipient gets in Philippines.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your New Zealand to Philippines remittances.
🔄 Looking for the reverse corridor? Send money from Philippines to New Zealand instead.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from New Zealand.
👇 We also suggest looking beyond today's NZD-PHP exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst NZD-PHP exchange rate is crucial, historical data shows that transfer fees, NZD amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze New Zealand to Philippines historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your PHP payout.
Data-driven cost insights for New Zealand to Philippines money transfers
When you send money internationally from New Zealand to Philippines, the key factors that will influence the overall cost of your transaction are:
- NZD-PHP exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum PHP payout for your overseas recipient in Philippines.
Another counter-balancing aspect is money transfer speed. If you need to rush money from New Zealand to Philippines, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for New Zealand to Philippines money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 605 actual New Zealand to Philippines money transfers handled by 13 providers over the last 5 years (for a NZD 260 remittance benchmark).
This data-driven approach using real NZD-PHP transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for New Zealand to Philippines money transfers
- Average total cost: 5.41% (range -3.10% to 23.89%, spread 26.99 percentage points)
- Potential payout difference: On a NZD 260 transfer, the above variation can save you up to NZD 70.17.
- Average FX markup: 1.75% (range -3.43%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 4.75%, spread 8.18 percentage points) - Average transfer fee: NZD 9.50 (range NZD 0.00 to NZD 55.00)
- Cheapest payment/delivery method combo: Debit Card → Bank Deposit (3.12% avg cost); most expensive is Bank Account Transfer → Bank Deposit (8.10%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 4.97% (NZD 12.92 on NZD 260 transfer).
- Market coverage: ~13 providers on average (competition level: competitive)
- Average speed: About 26 hours (~1.1 days)
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we provide detailed data-driven insights on various factors that influence the total cost of your New Zealand to Philippines money transfers.
📈 NZD to PHP exchange rate is often the biggest driver of both cost and payout
The exchange rate on your New Zealand to Philippines money transfers is usually the single biggest factor that will determine your overall NZD cost and your recipient's PHP payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a NZD 260 money transfer benchmark, we see the following FX markup ranges for New Zealand Dollar to Philippines transfers:
- Average markup: 1.75%
- Median markup: 1.87%
- Lowest markup: -3.43%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 4.75%
That is a spread of 8.18 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a NZD 260 transfer, the above markup range is equivalent to roughly PHP 21.27 purely from differences in the exchange rate. That incremental saving increases to PHP 53.17 for a NZD 650 transfer.
🛠️ How to use this insight: When comparing providers for New Zealand to Philippines remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
NZD to PHP exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total New Zealand to Philippines remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your New Zealand Dollar reaches your recipient in Philippines.
Based on data from last 5 years, we notice the below about New Zealand Dollar to Philippines money transfer fees:
- Average fee: NZD 9.50
- Median fee: NZD 6.00
- Lowest fee: NZD 0.00
- Highest fee: NZD 55.00
The average fee amount of NZD 9.50 noted above represents 3.65% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by NZD 55.00.
🛠️ How to use this insight: For your next money transfer from New Zealand to Philippine Peso, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for NZD-PHP remittances
Based on our detailed analysis of historical New Zealand to Philippines data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
Here is the average cost for popular payment methods used to send money to Philippines from New Zealand:
- Debit Card: 3.52%
- Cash: 3.98%
- Credit Card: 4.00%
- Bank Account Transfer: 7.03%
That is a total spread of 3.50 percentage points.
This means that on a NZD 260 transfer, you could save up to NZD 9.10 simply by choosing the best priced payment method.
These savings will only multiply for higher NZD amounts.
Here is the average cost of popular delivery methods used to send money from New Zealand to Philippines:
- Mobile Wallet: 2.96%
- Cash Pickup: 4.06%
- Bank Deposit: 6.58%
The cost difference between the above delivery methods is 3.61 percentage points.
Once again, this means that you could save up to NZD 9.39 on a NZD 260 transfer to Philippines by choosing Mobile Wallet versus Bank Deposit.
As you can imagine, the possible combinations of New Zealand payment methods and Philippines delivery methods will all have disparate cost. Let us look at that next.
Here is a summary of the average cost of payment and delivery method combinations for New Zealand to PHP money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Debit Card | Bank Deposit | 3.12 |
| Cash | Mobile Wallet | 3.13 |
| Credit Card | Bank Deposit | 3.36 |
| Debit Card | Mobile Wallet | 3.51 |
| Bank Account Transfer | Mobile Wallet | 3.51 |
| Credit Card | Mobile Wallet | 3.52 |
| Bank Account Transfer | Cash Pickup | 3.59 |
| Debit Card | Cash Pickup | 3.91 |
| Cash | Bank Deposit | 4.05 |
| Cash | Cash Pickup | 4.16 |
| Credit Card | Cash Pickup | 4.66 |
| Bank Account Transfer | Bank Deposit | 8.10 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these NZD-PHP payment and delivery options is significant. Here are some observations:
- Debit Card → Bank Deposit has the lowest average cost at 3.12%.
- Bank Account Transfer → Bank Deposit has the highest average cost at 8.10%.
- Debit Card → Bank Deposit average cost is 4.97 percentage points lower than that of Bank Account Transfer → Bank Deposit.
- This means that on a NZD 260 money transfer, you could save up to NZD 21.05 simply by choosing the best payment and delivery method combo.
- Further, on a NZD 650 money transfer, the savings increase to NZD 52.62.
Here is a quick summary of the average historical cost of various payment and delivery methods for NZD to Philippines money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Debit Card averaged 3.52%, compared to 7.03% for Bank Account Transfer, a difference of 3.50 percentage points.
- Cheapest delivery method: Mobile Wallet averaged 2.96%, compared to 6.58% for Bank Deposit (3.61 percentage points higher).
- Cheapest combo: Debit Card → Bank Deposit averaged 3.12%, which is 4.97 percentage points lower than Bank Account Transfer → Bank Deposit (8.10%).
🛠️ How to use this insight: As you compare money transfer providers for your next New Zealand to Philippines international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your New Zealand to Philippines remittances by carefully choosing the most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for NZD-PHP remittances?
When we compared New Zealand banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
We observed that traditional banks charged 6.27 percentage points more on average than money transfer providers for New Zealand to Philippines remittances.
This means banks tend to be approximately 2.51x more expensive than money transfer companies.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | NZD 21.28 | NZD 6.58 | NZD 14.70 |
| Exchange rate markup | 2.25% | 1.63% | 0.62 pp* |
| Average total cost (%) | 10.43% | 4.16% | 6.27 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Whilst banks in New Zealand may offer convenience and familiarity, money transfer providers often deliver lower overall cost due to their better exchange rates and lower fees. Even if you want to send money overseas with your bank in New Zealand, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost of NZD-PHP money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending NZD 260 vs NZD 650 from New Zealand to Philippines.
We found that sending a higher amount (NZD 650) tends to be cheaper - average cost drops from 5.41% to 3.32%, a reduction of 2.08 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher New Zealand Dollar amounts to Philippines, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the New Zealand to Philippines remittance market?
Based on data from the last 5 years, NZD-PHP money transfers are provided on an average by 13 remittance companies. With around 13 providers serving this market, we consider the level of competition to be competitive.
Traditional banks have represented only 30.8% of active providers in this corridor (4 out of 13), meaning money transfer companies make up the majority.
The good news is that you can currently compare 15 providers on RemitFinder for NZD-PHP transfers. This is a higher number of money transfer companies to choose from as compared to prior years.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your New Zealand to Philippines remittances.
⏱️ How fast are NZD-PHP money transfers?
If your recipient in Philippines needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for New Zealand to Philippines transfers when it comes to processing time:
- Average transfer time: About 26 hours (~1.1 days).
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 144 hours (~6.0 days).
- Average speed at NZD 260: About 26 hours (~1.1 days).
- Average speed at NZD 650: About 26 hours (~1.1 days).
Banks vs money transfer providers speed comparison: Banks take 59 hours longer on average than money transfer providers.
🛠️ How to use this insight: If you need to send money from New Zealand to Philippines in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Philippines.
New Zealand to Philippines transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about New Zealand to Philippines money transfers
These FAQs use data from RemitFinder's historical analysis of New Zealand to Philippines money transfers over several years.
What factors affect the total cost of sending money from New Zealand to Philippines?
The total cost of your NZD-PHP money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect New Zealand to Philippines transfers?
Historical NZD to PHP exchange rate markup ranges from -3.43% to 4.75%, a spread of 8.18 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can NZD-PHP exchange rate markup be negative?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative NZD-PHP exchange rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Is the exchange rate or the transfer fee more important for New Zealand to Philippines transfers?
Exchange rate markup ranges from -3.43% to 4.75% (a spread of 8.18 percentage points).
Transfer fees range from NZD 0.00 to NZD 55.00, which equals roughly 21.15% on a NZD 260.00 transfer.
At both NZD 260.00 and NZD 650.00, the transfer fee shows larger variation than the other component.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for New Zealand to Philippines transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger NZD amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most PHP for your NZD.
How much can New Zealand to Philippines transfer costs vary between providers?
Historical transfer cost ranges from -3.10% to 23.89% for NZD transfers to Philippines. That is a spread of 26.99 percentage points, meaning significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -3.43% to 4.75% (a spread of 8.18 percentage points). Thus, even small differences in FX margin can have a big impact on the final PHP payout.
Why do various money transfer providers price NZD to Philippines transfers differently?
If you send the same New Zealand Dollar amount to Philippines via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final PHP payout in Philippines in a big way.
How stable are transfer costs in the New Zealand to Philippines corridor?
When we analyzed the historical total cost for NZD-PHP transfers, we observed a range from -3.10% to 23.89% (26.99 percentage points difference), along with a variability (standard deviation) of 4.13%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -3.43% to 4.75% (8.18 percentage points difference), with a standard deviation of 0.91%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your NZD-PHP transfers.
Which payment method is cheapest for New Zealand to Philippines remittances?
Debit Card is the cheapest payment method in New Zealand based on its average cost at 3.52% (compared to Bank Account Transfer at 7.03%, a difference of 3.50 percentage points).
Based on this, we recommend paying for your NZD transfer with Debit Card, and avoiding Bank Account Transfer if possible.
Is Debit Card cheaper than Credit Card for New Zealand to Philippines transfers?
Debit Card is cheaper on average when sending money to Philippines from New Zealand since it costs 3.52% (compared to 4.00% for Credit Card payments, a difference of 0.47 percentage points).
As a result, we recommend that you avoid paying for your transfer to Philippines with a Credit Card.
Which delivery method is cheapest for NZD-PHP money transfers?
Mobile Wallet is the cheapest delivery method in Philippines as it costs 2.96% (compared to Bank Deposit at 6.58%, a spread of 3.61 percentage points).
If your recipient in Philippines can accept Mobile Wallet, we recommend choosing it as your preferred delivery option for NZD-PHP transfers.
Is Bank Deposit cheaper than Cash Pickup for New Zealand to Philippines transfers?
Cash Pickup is cheaper for transfers to Philippines given its 6.58% average cost (versus 4.06% for Cash Pickup, a difference of 2.51 percentage points).
To save more, consider choosing the cheapest delivery option for Philippines.
What is the cheapest way to send money from New Zealand to Philippines?
We evaluated 12 payment and delivery method combinations for New Zealand to Philippines remittances.
Based on historical data, Debit Card → Bank Deposit is the cheapest combination with 3.12% cost.
At the other end of the spectrum, Bank Account Transfer → Bank Deposit is the most expensive combination at 8.10% cost. That is a difference of 4.97 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for New Zealand to Philippines remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your NZD-PHP transfers.
Does sending more money reduce the cost for New Zealand to Philippines transfers?
Larger NZD-PHP transfers are cheaper on average.
The cost of a NZD 260 transfer averages 5.41% as compared to 3.32% for a NZD 650 transfer, a difference of 2.08 percentage points.
How long does it take to send money from New Zealand to Philippines?
Based on our analysis, the average transfer time for NZD-PHP transfers is 26 hours (~1.1 days), with the fastest transfers completing in less than one hour and the slowest in 144 hours (~6.0 days).
Are instant transfers available from New Zealand to Philippines?
Yes, historical data shows that some transfers to Philippines from New Zealand can complete in less than one hour.
Note that the actual speed of your NZD-PHP transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for New Zealand to Philippines?
Banks in New Zealand are more expensive than money transfer providers.
The average cost of banks is 10.43% compared to 4.16% for money transfer providers in New Zealand, a difference of 6.27 percentage points.
Why do banks charge more for New Zealand to Philippines transfers?
Bank transfers in New Zealand cost 10.43% compared to 4.16% for money transfer companies.
The difference is often due to the fact that banks in New Zealand provider lower exchange rates and charge high wire transfer fees.
How competitive is the New Zealand to Philippines remittance market?
Based on historical data, the competition level in New Zealand to Philippines is considered competitive with 13 active providers.
Money transfer providers represent about 69.2% of identified providers in New Zealand.
Do I risk overpaying if I do not compare providers for New Zealand to Philippines?
Historically, total NZD-PHP transfer cost has varied by 26.99 percentage points. On a NZD 260 transfer, that can translate to NZD 70.17 in savings.
NZD-PHP exchange rate markup also varies across providers. The average markup spread has been about 8.18 percentage points. On a NZD 260 transfer, that could be NZD 21.27 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about NZD 55.00 across providers.
That is why comparing providers can materially change how much of the NZD you send does your recipient receive in Philippines in Philippines.
Latest NZD to PHP Conversion Rates
Here are some latest NZD to PHP (New Zealand Dollar to Philippine Peso) exchange rates for popular conversion amounts*.
| 1 NZD | 35.03 PHP |
| 5 NZD | 175.13 PHP |
| 10 NZD | 350.26 PHP |
| 25 NZD | 875.64 PHP |
| 50 NZD | 1,751.29 PHP |
| 100 NZD | 3,502.58 PHP |
| 150 NZD | 5,253.87 PHP |
| 200 NZD | 7,005.16 PHP |
| 250 NZD | 8,756.45 PHP |
| 300 NZD | 10,507.74 PHP |
| 400 NZD | 14,010.32 PHP |
| 500 NZD | 17,512.90 PHP |
| 600 NZD | 21,015.48 PHP |
| 700 NZD | 24,518.06 PHP |
| 800 NZD | 28,020.64 PHP |
| 1000 NZD | 35,025.80 PHP |
| 1500 NZD | 52,538.70 PHP |
| 2000 NZD | 70,051.60 PHP |
| 2500 NZD | 87,564.50 PHP |
| 3000 NZD | 105,077.40 PHP |
| 4000 NZD | 140,103.20 PHP |
| 5000 NZD | 175,129.00 PHP |
| 10000 NZD | 350,258.00 PHP |
| 15000 NZD | 525,387.00 PHP |
| 20000 NZD | 700,516.00 PHP |
| 30000 NZD | 1,050,774.00 PHP |
| 40000 NZD | 1,401,032.00 PHP |
| 50000 NZD | 1,751,290.00 PHP |
| 100000 NZD | 3,502,580.00 PHP |
*Based on the Mid-market Exchange Rate
Other popular countries to send money from New Zealand
- Send money from New Zealand to Algeria
- Send money from New Zealand to Australia
- Send money from New Zealand to Bosnia and Herzegovina
- Send money from New Zealand to Bulgaria
- Send money from New Zealand to Georgia
- Send money from New Zealand to Jamaica
- Send money from New Zealand to Kyrgyzstan
- Send money from New Zealand to Luxembourg
- Send money from New Zealand to Moldova
- Send money from New Zealand to Myanmar (Burma)
- Send money from New Zealand to Netherlands
- Send money from New Zealand to Senegal
- Send money from New Zealand to Slovakia
- Send money from New Zealand to Switzerland
- Send money from New Zealand to Tajikistan
- Send money from New Zealand to Tunisia
1 Based on 605 pricing observations across 13 firms over the last 5 years for a NZD 260 money transfer from New Zealand to Philippines. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the New Zealand to Philippines remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.