How to send money to Philippines from New Zealand with the best NZD-PHP rate

Comparing providers when sending money from New Zealand to the Philippines is the easiest way to make a transfer at the best price.

Here are your best options for sending money from New Zealand to the Philippines

• Wise is our recommended company for transferring New Zealand Dollar to the Philippines. Sending 10,000 NZD to PHP will cost you $54.86 in fees, and you will get 346,920.3 PHP. The delivery time is same day, but it depends on the day you make the transfer.

• TorFx is the overall cheapest options to send money from New Zealand to the Philippines. We found that TorFx fees were 0 NZD per transfer, and customers would expect an exchange rate between NZD-PHP that is 0.3% different to the mid-market rate

• Fastest way to send money from New Zealand to the Philippines is with Wise. For example, if you send 10,000 NZD with Wise to Philippines now, the transfer time is same day. Smaller transfers will likely be quicker, while larger transfers to India can take a bit longer.

We’ve compared 7 providers for sending New Zealand Dollar to Philippines. This ensures you will get the best options for your transfer to the Philippines from New Zealand.

The exchange rate determines the price you will pay when buying Philippine Peso.

A better exchange rate means more money being sent to Philippines.

If you are paying for services in Philippine Peso from New Zealand, this can make a huge difference.

The current rate between the New Zealand Dollar and Philippine Peso is 34.8376, and it fluctuates all the time.

The cost of sending money from Philippines to the Philippines, is made-up of a combination of fees and exchange rates:

• The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from NZD-PHP is 34.8376 PHP per New Zealand Dollar.

• Fees: Outside of exchange rates, you may need to pay a fee to send. TorFx currently offers the lowest fees on transfers to the Philippines from New Zealand. They charge 0 NZD per transfer. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Philippine Peso is the amount you started with, minus the amount you paid in the exchange and fees.

Here's a tip, if you're making a large transfer, you can also use a forward contract to lock in an agreed exchange rate between New Zealand and the Philippines.

Using a bank transfer to send via money transfer company is the payment method that will get you the best price when sending from New Zealand to the Philippines.

Here are all the ways to send money from New Zealand to Philippines:

Bank transfers

Bank transfers are often the fastest and cheapest way to send money from New Zealand to the Philippines.

Using a money transfer company such as TorFx for payments from New Zealand to the Philippines, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


Debit and prepaid cards

Sending money with a debit card from New Zealand to the Philippines is easy with Xe.


Xe is a leader in debit card money transfers from New Zealand to the Philippines. They are the best option of the 7 transfer companies compared.

Credit cards

When it comes to credit card transfers from New Zealand to the Philippines, we recommend comparing your options to get the best deal.

Ensuring you fully understand regulations in New Zealand and the Philippines will aid in keeping your money safe.

Our directory of worldwide financial regulators contains details on regulation for sending money between New Zealand and the Philippines.

Some companies offering money transfers between New Zealand and the Philippines have minimum or maximum thresholds on how much you can send or receive.

Rates and fees for different transfer amounts could change - that’s why it’s best to compare NZD-PHP rates for your specific transfer amount.

For regular transfers to the Philippines, shopping around each time can make a huge difference.

For sending large amounts of NZD to Philippines we'd recommend using Wise. They offer a combination of rates and fees when sending from New Zealand to the Philippines that is the most competitive, even at larger amounts.

There are different options for receiving Philippine Peso in the Philippines.

The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all companies offering transfers from New Zealand to the Philippines will offer every method for incoming Philippine Peso, so it’s best to check ahead of time.

Again, a comparison of NZD to PHP providers will tell you if the method for receiving is supported.

One of the most common ways to transfer money from New Zealand into the Philippines is by sending directly to a bank account. Wise is the best company for bank transfers between New Zealand and the Philippines.

And if you need cash right away, check if cash pickup is an option for transfers between New Zealand and the Philippines.

P2P services and payment apps like PayPal, Xoom, and CashApp are popular because of convenience but are better for domestic transfers. For receiving international payments they come with more limitations and higher costs compared to money transfer options like multi-currency accounts.

If using a money transfer company to send Philippine Pesos to the Philippines, you will need to verify your ID at the sign up stage.

The documents you need will vary and in some cases you might need more than one.

ID can be verified in New Zealand through a government issued ID such as a passport or driver's license.

If the recipient needs an ID to collect money in the Philippines, it will be similar.

Large transactions between New Zealand and Philippines, can be subject to additional checks. This includes proof of funds for anti-money laundering purposes.

One of the reasons Wise has scored so highly for transfers to the Philippines is their easy sign up process in New Zealand.

Sending regular, or larger amounts of money between New Zealand and Philippines could mean there are tax declarations to consider.

Some transfers into Philippine Peso may need to be reported to tax authorities in the Philippines, particularly where inheritance or property purchases are involved.

The Philippines has many different tax obligations for residents and non-residents.

When in doubt, please contact a tax professional in New Zealand or the Philippines to discuss your personal circumstances. This ensures you are not missing any specific tax needs associated with your transfer.