Monero to New Zealand Dollar Exchange Rate

Live Rate

= $ 84.8669

Refreshing in: 60s | Wed, Oct 16, 11:54AM GMT

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Historical Rate chart of XMR and NZD

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Updated: 16 Oct 2019 11:54:28 UTC
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Monero offers users privacy and security

Monero is an open-source cryptocurrency that was created in 2014. It uses a public ledger to record transactions with new coins created through a process called mining, just like bitcoin, but it offers security and usability features that are not present with other coins.

Monero hides the identity of the sender, the recipient and the transaction amount using a sophisticated algorithm that has been extensively tested.

Monero is marketed as one of the most privacy-centric coins currently on the market, and in 2017, Monero adopted a new method that aims to develop these privacy features.

Monero is already in use as a means of exchange in a number of commercial forums and is an established method of transferring value around the globe.

Historical pricing of Monero

Only 15.6 million Monero coins can potentially be created. This means that Monero is far scarcer than other similar coins. This scarcity and increasing adoption of the coin may have attributed to the price of one Monero coin rising from US$10 at the beginning of January 2017 to over US$300 at the time of writing.

The rise in the value of Monero is not new. The first material rise began in 2015 when the coin went from just a few dollars to over twenty in a short pace of time as adoption of the coin began to grow. It remained steady until October 2017 when a major rise in value began.

The increase in coin value during the last three months of 2017 was particularly strong. The coin rose from just under US$100 to its present $300 – $400 range. The coin has yet to break US$500 on a major exchange, but it has come very close to doing it a number of times.

There have been no major pullbacks in price on any major exchange since, although there was a slight decline on 8 January 2018. However, this decrease was not something that was entirely due to Monero.

This drop may have been caused by a revaluation of the pricing methodology at a major US exchange. It affected all currencies and Monero recovered within a two-week period.

The rise in its value has been consistent over the course of 2017 with no real significant drops in value. Trading volumes are rising steadily as well, and the coin now has a market capitalisation of around 5 billion dollars.

Things to consider before buying Monero

Monero’s supply is about the same as bitcoin, but Monero’s underlying technology offers privacy features not present with bitcoin. Transaction speeds using the coin are at present much faster than bitcoin.

With businesses all over the world wanting to preserve the security of international transactions, they may consider adopting Monero as their transaction method of choice.

There is already a Monero add-on that allows the thousands of businesses using the WooCommerce app on WordPress, which is currently powering ecommerce on over 380,000 websites, to accept Monero as payment.

Major musicians in particular seem to be particularly keen on the advantages of selling music for Monero, with Monero users including the Backstreet Boys, the Lumineers, Weezer, Mariah Carey, Marilyn Manson, Lana Del Rey, Motley Crue, Sia and Slayer.

Any partnership with a large corporation that wishes to preserve the privacy of its internal cross-border transactions while transmitting funds faster and cheaper than the current international banking system could provide a further boost to Monero’s adoption.

There are plans to develop this user base with the Monero-backed “Project Coral Reef”. This project supports merchants and companies who wish to adopt and use the coin.

At present, the project has resulted in over 50 companies adopting the coin. While many of these companies are currently small, the project, which was recently featured in Forbes magazine, will continue to push the benefits of Monero beyond 2018.

In an uncertain world, many people may decide that privacy and security are valuable commodities, and traders will need to decide whether a coin that has risen 3,000% in a year but is still 40 times less valuable than its most similar counterpart represents an exciting proposition.

Compare cryptocurrency wallets

Name Product Wallet type Supported Cryptocurrencies
Ledger Nano X Wallet
Ledger Nano X Wallet
Hardware
BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA, BNB, XMR, DASH, NEO, ETC, ZEC, XTZ, WAVES, DOGE, VET & 1,000+ more
NEW – The Ledger Nano X comes with added Bluetooth functionality, more memory and a higher quality screen than its big brother, the Nano S.
Ledger Nano S Wallet
Ledger Nano S Wallet
Hardware
BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA, BNB, XMR, DASH, NEO, ETC, ZEC, XTZ, WAVES, DOGE, VET & 1,000+ more
Securely store some of the world's leading cryptocurrencies on the Ledger Nano S hardware wallet.
TREZOR One Wallet
TREZOR One Wallet
Hardware
BTC, BCH, BTG, LTC, DASH, DOGE, ETC, ETH, ERC20, NEM, NMC, ZEC, EXP, UBQ
TREZOR hardware wallet is a secure way to keep your cryptocurrency safe from hackers and malware.
TREZOR Model T Wallet
TREZOR Model T Wallet
Hardware
BTC, BCH, BTG, LTC, DASH, DOGE, ETC, ETH, ERC20, NEM, NMC, ZEC, EXP, UBQ
The next generation of hardware wallet from TREZOR, the Model T includes a host of new features including a touchscreen and improved processing.
Atomic Wallet
Atomic Wallet
Desktop Client
BTC, LTC, ETH, TRX, XMR, DGB, QTUM, XLM, ZEC, XRP, BCH, ETC, DASH, AWC, BTG, DOGE, TPAY, VET, VTHO, DCR, and 280+ more
Store, buy and sell 300+ cryptocurrencies using Atomic Wallet's in-built atomic swap exchange.
Corazon Wallet
Corazon Wallet
Hardware
BTC, BCH, BTG, LTC, DASH, DOGE, ETC, ETH, ERC20, NEM, NMC, ZEC, EXP, UBQ
Designed by GRAY, the Corazon is a luxury Trezor Model T hardware wallet with an aerospace-grade titanium finish.
Abra Cryptocurrency App
Abra Cryptocurrency App
Mobile
BTC, BCH, ETH, XRP, ETC, LTC, XLM, ADA, BTG, TRX, REP, BAT, DASH, DGB, DOGE, GNT, LSK, XMR, XEM, NEO, OMG, QTUM, SNT, STRAT, TRX, XVG, VTC, ZEC, ZRX
Buy and hold 28+ cryptocurrencies and more than 50 different fiat currencies in this all-in-one wallet and exchange app.
CoolWallet S Wallet
CoolWallet S Wallet
Hardware
Mobile
BTC, ETC, XRP, LTC, BCH, ICX, ERC20 Tokens
A mobile hardware wallet for iPhone or Android designed to offer wireless bluetooth transactions and cold storage.
Sugi Wallet
Sugi Wallet
Hardware
Mobile
BTC, ETH, LTC, XRP, BCH, ERC20
A NFC cryptocurrency wallet card with a mobile app that supports major cryptos and select ERC20 tokens.
Altcoin.io Wallet
Altcoin.io Wallet
Desktop Client
Web
BTC, ETH, REP, ANT, BAT, EOS, SALT, CVC, DNT, SNT, SUB, TRX, OMG, BTM, DENT, PPT, MKR, DGD, QASH, ETHOS & 10+ more
Along with being a decentralised cryptocurrency exchange, Altcoin.io offers users access to its beta release atomic swap wallet.

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Where to buy, sell and exchange cryptocurrency

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Cryptocurrency
-
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: US-based users have been restricted from Binance since June 2019.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Electronic Funds Transfer
Bank transfer (SEPA)
Wire transfer
USD, EUR, GBP, JPY, CAD
BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, DASH, XMR, USDT, ETC, QTUM, ZEC, REP, DOGE, GNO, MLN, ATOM, XTZ, SC
Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.

UK residents: In addition to normal crypto trading, Kraken offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Credit card
Cryptocurrency
USD
BTC, BCH, MIOTA, XVG, NEO, ADA, XRP, TRX, ONT, ZIL, GAS, LTC, ZRX, QTUM, ETH, ETC, VET, ICX & 300+ more
CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Cryptocurrency
Wire transfer
USD, EUR, GBP, JPY
BTC, BCH, BTG, IQ, TRX, GNT, AVT, DASH, DATA, EDO, EOS, ETC, ETH, LTC, MIOTA, NEO, OMG, QTUM, SAN, USDT, XMR, XRP, BAT, ZRX, FUN, MANA, SPANK, TNB, RLC, RCN, REP, ELF, AID, SNGLS, SNT, QASH, YOYO, MITH, ETP, XTZ, CNN, BOX, GOT, TKN, UTN
Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
Credit card
Debit card
USD, EUR
BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE, XLM,1ST, ADX, AMP, ANT, BAT, & 75+ more
Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.
Bithumb Cryptocurrency Exchange
Cryptocurrency
Wire transfer
KRW
BTC, BTG, BCH, DASH, ETC, LTC, EOS, XRP, ETH, QTUM, TRX, ICX, VET, XMR, ZEC, MITH, WAVES, WTC, ITC, LINK
A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
USD
BTC, ETH, BOXX, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, & 128+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Poloniex Digital Asset Exchange
Cryptocurrency
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BTC, ETH, XRP, DOGE, XLM, ETC, STRAT, LTC, SC, DGB, BCH, LSK, XMR, LOOM, BAT & 50 more
Trade various coins through a global crypto to crypto exchange based in the US.
Exmo Cryptocurrency Exchange
Credit card
Cryptocurrency
Debit card
Payeer
Perfect Money
Bank transfer (SEPA)
Wire transfer
USD, EUR, RUB, PLN, UAH
BTC, BCH, ETH, ETC, XRP, KICK, DASH, WAVES, ZEC, XMR, LTC, DOGE, USDT, ADA, INK
A UK-based cryptocurrency platform that provides buyers with a wide variety of payment options.
Cryptocurrency
-
BTC, BCH, XMR, DAG, ETH, XRP, EOS, LTC, ADA, TRX, NEO, ONT, STEEM, BTM, BCD, ZINC, VET, OLT, USDT, BSV, & 134+ more
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Livecoin Cryptocurrency Exchange
Cryptocurrency
Payeer
Perfect Money
Qiwi
USD, EUR, RUB
BTC, BCH, ETH, LSK, LTC, XMR, XEM, DASH, BCC, CLOAK, EMC, NEO, TIME, SHIFT, STRAT, & 146+ more
Trade at an exchange that has an extensive offering over 160 coins and numerous fiat and altcoin currency pairs.
BitBay Cryptocurrency Exchange
Cryptocurrency
Express Polish Post Office 24/7
Express Zabka Market
Wire transfer
USD, EUR, PLN
BTC, BCC, BTG, LTC, ETH, LSK, GAME, DASH, KZC, XRP, XIN,ZEC,XMR
This Polish-based exchange offers a variety of accessible payment methods, including Express Polish Post Office 24/7 service and Express DotPay.
Cryptocurrency
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BTC, ETH, XRP, BCH, EOS, XVG, LTC, ADA, MIOTA, TRX, NEO, DASH, XMR, XEM, VET, ETC, ICX, QTUM, OMG, & 70+ more
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ShapeShift Cryptocurrency Exchange
Cryptocurrency
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BTC, BCH, BTG, ETH, ETC, FUN, 1ST, ANT, BAT, BNT, BLK, CVC, CLAM, DASH, DCR, DGB, DNT, GAME & 29+ more
Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.
Liquid Cryptocurrency Exchange & Margin Trading
Liquid Cryptocurrency Exchange & Margin Trading
Credit card
Cryptocurrency
Debit card
Bank transfer (SEPA)
Swapforex
AUD, EUR, JPY, USD, SGD
BTC, CRPT, ETH, XRP, BCH, NEO, QTUM, QASH, ETN, LIKE, EARTH, MRK, and 40+ more
Disclaimer: Highly volatile investment product. Your capital is at risk.
Liquid is a unified, globally-sourced trading platform that bridges the worlds of fiat and crypto.

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Market rate for common transfer amounts XMR to NZD

Monero (XMR) New Zealand Dollars (NZD)
ɱ1 0
ɱ100 0
ɱ500 0
ɱ1000 0
ɱ1500 0
ɱ2500 0
ɱ5000 0

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