PayPal USD - NZD exchange rate

PayPal 1 USD = 0 NZD
compared to mid market rate

What is the PayPal USD-NZD exchange rate today?

The live PayPal exchange rate for USD to NZD is 1.58220. 

This is the mid market rate -4.79%

PayPal uses the mid market rate for all currency conversions.

The full fee you pay to convert currencies or send money overseas can include a couple of different fees, depending on the provider you select. Comparing your options is always a smart move, so you’ll know you’re getting the best deal on the market for your specific transfer. Read on for more about the fees and exchange rates that can apply to your transaction – and to compare the PayPal exchange rate with some alternatives.

What is the mid-market rate?


The mid-market exchange rate is the only ‘real’ exchange rate. It’s the rate you’ll find on Google or with a currency converter tool. It’s also the rate that banks and money transfer services get when they buy and sell currencies on global markets.

The retail exchange rate that banks and money transfer services provide to their customers may not be the same as the mid-market rate. That’s because many organizations add a markup – an extra fee – to the rate they use to convert currencies for their customers. The markup used by different organizations can vary pretty widely, which is why it may seem like there are lots of different exchange rates being used at any one time.

The real USD to NZD rate today is 1.663

Learn more

What is the PayPal currency conversion fee for USD to NZD?

The PayPal USD to NZD exchange rate is 1.58220. This is -4.79% compared to the mid-market rate.

On top of the currency conversion fee you pay to PayPal, you may also pay a transfer fee or service charge. The fees for sending money to New Zealand depend on a few factors, such as the amount you’re sending and your preferred payment method.

The currency conversion fee that is used can vary depending on the specific currency you’re sending, and based on changes in the currency exchange markets. Let’s take a look at the currency conversion fees charged by PayPal for several other international transfer routes and how they compare with the mid-market rate.

Currency routePayPal exchange rateMid market rateMarkup %
USD - EUR 0.9252 0.9357 -1.13%
USD - GBP 0.7713 0.8026 -4.05%
USD - PHP 53.7907 56.2489 -4.57%

How does PayPal USD to NZD rate compare with other providers

Mid-market exchange rates change all the time, based on movements in global currency markets. On top of that, providers may adjust the currency conversion fees they use when calculating their retail exchange rates, based on the specific currencies involved, and how they expect markets to move.

That means the best way to check how PayPal’s live USD to NZD exchange rate compares to other providers is to use a comparison site like this one, where you’ll find the latest exchange rate and fee details across a range of reputable money transfer services.

Mid-market exchange rates change all the time, based on movements in global currency markets. However, PayPal always uses the real mid-market exchange rate that’s available at the time you process your payment.

You’ll be able to check how PayPal’s live USD to NZD exchange rate compares to other providers with a comparison site like this one, where you’ll find the latest exchange rate and fee details across a range of reputable money transfer services.

How much does it cost to send USD – NZD with PayPal?

The fee for sending USD – NZD with PayPal can vary depending on a few factors such as the way you decide to pay, and the amount sent. It’s also helpful to remember that there may be a couple of different fees involved, depending on the specific details of your payment, including a transfer fee and a currency conversion fee. If your payment is processed through the SWIFT network, you may also find that intermediary fees are deducted from the transfer amount as it’s processed.

Typically, to send 1000 USD – NZD with PayPal will mean you pay a fee of 53.22. The live PayPal exchange rate that will be used to process your transfer is 1.58220. This is the mid market rate -4.79%.

Compare PayPal rates and fees

When it comes to sending money overseas, exchange rates are important. But they’re not the only factor to consider. The number of supported countries or currencies, the speed of your payment, the convenience of arranging a transfer, and the customer service on offer if you need help all matter too.

  • Better exchange rate: Wise
  • Fee free: OFX
  • Faster transfer: Wise
  • Better rated: Wise

Where does PayPal send money to?

You can send money with PayPal on a number of payment routes covering different currencies and countries. Double check if PayPal supports the payment route you need on their desktop site or app.

PayPal USD – USD FAQ

What exchange rate PayPal uses for USD to New Zealand?

PayPal uses the live mid-market exchange rate at the time you process your payment, with no markup or margin added.

PayPal calculates the USD to NZD exchange rate by taking the mid-market exchange rate and adding a variable markup, depending on the currencies and market conditions.

How much tax does PayPal charge to send USD to NZD?

If you’re unsure about how PayPal’s USD to NZD tax, fees and exchange rates work, you’ll be able to reach out to the customer service team directly.

How long does it take to send money with PayPal?

The amount of time it takes to send money with PayPal will depend on various factors like the payment value and specific service you use. You’ll often be able to see an estimate of delivery time before you confirm your transfer, and can track your payment by logging into your account.

What is the mid-market rate?

The mid-market exchange rate is the rate that banks and providers use when they buy and sell currencies on wholesale markets. This exchange rate is sometimes passed on to retail customers, although some providers calculate their retail exchange rate by adding a markup to the mid-market rate, which is an extra fee.

By Ileana Ionescu Updated May 1st, 2023