FIF Calculator NZ
Your FIF tax for the yearThe $50,000 testFair dividend rate calculatorComparative value calculatorIRD exchange rates for FIFUnder $50,000: dividend taxIs this a FIF?New to New ZealandOverseas shares or an NZ PIE fundIs the threshold $100,000 yet?GuidesKey factsMethodology and tests

IRD exchange rates for FIF

Inland Revenue’s published rates, as foreign currency per NZ$1. Divide the foreign amount by the rate. Use one method for every holding and keep to it.

IRD exchange rates for FIF

IRD rate
Currency conversionUSD · United States dollar
In NZ dollars$17,470.30
Amount10,000 USD
Rate0.5724 USD per NZ$1
Rate usedIRD end-of-month rate for 31 March 2026
Working10,000 ÷ 0.5724
NZ$$17,470.30

IRD quotes foreign currency per NZ$1, so divide the foreign amount by the rate (TIB Vol 31 No 11). Use one method for all your FIF holdings and keep to it.

Worked example shown. Change any figure to see your own result (needs JavaScript).

The rates most FIF returns need

End-of-month rates for the 31 March valuation dates and the rolling 12-month averages for each income year. Foreign currency per NZ$1.

CurrencyCodeEnd of month 31 March 2025End of month 31 March 2026Rolling average 2024/25Rolling average 2025/26
Australian dollarAUD0.90790.83470.90970.8879
Canadian dollarCAD0.81690.79690.82510.8112
Chinese renminbiCNY4.14713.95664.28144.1716
European euroEUR0.52680.49880.55240.5069
Hong Kong dollarHKD4.44114.48544.62124.5817
Indian rupeeINR48.800554.286750.163451.8742
Indonesian rupiahIDR9,454.93009,724.23009,473.42009,734.6800
Japanese yenJPY85.240091.500090.510088.4900
South Korean wonKRW839.7500873.6900827.2800836.7500
Malaysian ringgitMYR2.53362.31172.67972.4444
New Taiwan dollarTWD18.921618.341819.263318.0988
Philippine pesoPHP32.726934.698834.240233.9299
Singapore dollarSGD0.76530.73910.79360.7566
Thai bahtTHB19.385218.786020.711018.9659
UK pound sterlingGBP0.44060.43360.46580.4383
United States dollarUSD0.57100.57240.59290.5870
Vietnamese dongVND14,600.620015,077.990014,962.620015,370.7700

Source: Inland Revenue, Overseas currency rates (page last updated 04 Nov 2026); PDFs read on 12 November 2026. IRD names the Reserve Bank of New Zealand as the source of the rates. Rates for years before 2024/25 are not included: IRD’s older files use a layout our parser cannot read reliably. Download every rate as JSON.

Every month we hold, for USD

Mid-month rates are accepted as the actual rate for amounts in that month (IR461 p13).

MonthEnd of monthMid-monthRolling 12-month average
October 20260.56290.56060.5815
September 20260.56410.57650.5824
August 20260.59140.59070.5841
July 20260.58660.58240.5842
June 20260.56470.58490.5855
May 20260.59520.58830.5869
April 20260.58340.58990.5871
March 20260.57240.58050.5870
February 20260.59780.60340.5866
January 20260.60590.57440.5841
December 20250.57890.58050.5829
November 20250.57280.56660.5826
October 20250.57420.57130.5841
September 20250.57830.59620.5873
August 20250.58910.59220.5889
July 20250.59070.59830.5895
June 20250.60680.60170.5904
May 20250.59660.59060.5913
April 20250.59300.58920.5925
March 20250.57100.57520.5929
February 20250.56250.57350.5959
January 20250.56280.56000.5989
December 20240.56400.57690.6041
November 20240.59000.58450.6077
October 20240.59660.60920.6090
September 20240.63630.61560.6077
August 20240.62680.59930.6058
July 20240.59090.60950.6056
June 20240.60800.61290.6075
May 20240.61220.60470.6078
April 20240.59620.59420.6091

Every month we hold, for AUD

Mid-month rates are accepted as the actual rate for amounts in that month (IR461 p13).

MonthEnd of monthMid-monthRolling 12-month average
October 20260.80130.80610.8362
September 20260.80710.80820.8423
August 20260.82520.83230.8495
July 20260.83520.83370.8561
June 20260.82200.82690.8627
May 20260.83120.81860.8712
April 20260.81870.82770.87932
March 20260.83470.82730.8879
February 20260.84200.85260.8947
January 20260.86230.85930.8988
December 20250.86410.87320.9027
November 20250.87630.86820.9054
October 20250.87570.87940.9086
September 20250.87850.89530.9107
August 20250.90060.91140.9126
July 20250.91550.91330.9122
June 20250.92860.92830.9112
May 20250.92810.91600.9111
April 20250.92690.93030.9108
March 20250.90790.90870.9097
February 20250.90230.90240.9115
January 20250.90670.90580.9145
December 20240.90700.90620.9166
November 20240.90690.90610.9183
October 20240.90840.90540.9198
September 20240.91900.91770.9225
August 20240.92270.90670.9225
July 20240.90930.90050.9237
June 20240.91390.92820.9261
May 20240.92320.91170.9244
April 20240.91110.91720.9260

Every month we hold, for GBP

MonthEnd of monthMid-monthRolling 12-month average
October 20260.42020.42360.4336
September 20260.42640.42750.4341
August 20260.43670.43580.4351
July 20260.43610.43460.4352
June 20260.42660.43530.4361
May 20260.44280.44010.4369
April 20260.43270.43470.4373
March 20260.43360.43760.4383
February 20260.44320.44240.4389
January 20260.43980.42750.4400
December 20250.43000.43440.4426
November 20250.43270.43070.4445
October 20250.43630.42860.4471
September 20250.43070.43970.4502
August 20250.43640.43740.4526
July 20250.44560.44540.4551
June 20250.44230.44420.4571
May 20250.44250.44490.4604
April 20250.44280.44710.4633
March 20250.44060.44490.4658
February 20250.44610.45570.4687
January 20250.45320.45890.4711
December 20240.44950.45680.4736
November 20240.46460.46160.4761
October 20240.46070.46620.4777
September 20240.47550.46850.4794
August 20240.47610.46720.4801
July 20240.46020.47000.4805
June 20240.48140.48330.4818
May 20240.48120.48020.4821
April 20240.47500.47710.4836

Every month we hold, for EUR

MonthEnd of monthMid-monthRolling 12-month average
October 20260.50270.50070.5018
September 20260.49740.49960.5010
August 20260.51020.50990.5018
July 20260.50970.50930.5016
June 20260.49510.50430.5019
May 20260.51110.50510.5033
April 20260.49970.50040.50521
March 20260.49880.50680.5069
February 20260.50670.50870.5087
January 20260.50790.49360.5119
December 20250.49280.49470.5160
November 20250.49400.488150.5205
October 20250.49610.49200.5261
September 20250.49340.50830.5316
August 20250.50530.50820.5355
July 20250.51690.51270.5385
June 20250.51770.52170.5425
May 20250.52540.52760.5467
April 20250.52200.52030.5493
March 20250.52680.52870.5524
February 20250.54070.54660.5552
January 20250.54180.54360.5569
December 20240.54220.54860.5590
November 20240.55860.55500.5603
October 20240.54970.55850.5601
September 20240.56960.55510.5605
August 20240.56610.54440.5606
July 20240.54610.55970.5609
June 20240.56870.57280.5615
May 20240.56580.55870.5612
April 20240.55680.55790.5623

Questions people ask

Which exchange rate should I use for FIF?

IRD accepts the actual rate on the day (its mid-month rate counts as actual for that month), or the rolling 12-month average for a 12-month year. Pick one method for all your holdings and keep to it.

Why do my broker’s NZ$ figures differ?

Brokers often use their own rate on the day. Your FIF figures should use one method consistently; IRD’s published rates are an accepted choice.

Multiply or divide?

Divide. IRD quotes foreign currency per NZ$1, so NZ$ = foreign amount ÷ rate.

Calculators

Every FIF tool

Your FIF tax for the year

Holdings in, the $50,000 test, FDR and CV side by side, the lower allowed method, tax and your IR3 boxes.

Open →

The $50,000 test

Cost, not market value, on any day of the year. Couples, joint holdings, trusts and the 4-year look-back.

Open →

Fair dividend rate calculator

5% of your 1 April value plus the full quick sale adjustment, with last in, first out matching.

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Comparative value calculator

Closing value plus sales and dividends, less opening value and purchases, with the loss floor and the method choice.

Open →

Under $50,000: dividend tax

Below the threshold your foreign dividends are ordinary income. Tax, foreign tax credit and IR3 boxes.

Open →

Is this a FIF?

ASX shares, NZ PIE funds, employee shares, foreign super, crypto: in or out of the rules.

Open →

New to New Zealand

Your transitional resident end date, and the revenue account method if you qualify.

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Overseas shares or an NZ PIE fund

The same money taxed both ways, side by side. Figures only, no recommendation.

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Is the threshold $100,000 yet?

No. Dated status of the lapsed bill, and the proposal on your own figures, marked NOT LAW.

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