The Low Down on Cook Islands Currency
New Zealand dollar
Reserve Bank of New Zealand
|Currency sub unit:|
$5, $10, $20, $50, $100
10¢, 20¢, 50¢, $1, $2
In the Cook Islands, the official currency is the New Zealand dollar. 1 Dollar is divided into 100 cents, although some 50 cent coins carry the denomination as ’50 tene’.
Until 1967 the New Zealand pound was used in the Cook Islands, before being replaced by the New Zealand dollar. In 1972, Cook Island specific coins were produced and in 1987 Cook Island banknotes also appeared.
The Cook Islands dollar is pegged at par to the New Zealand dollar and the two are treated as much the same and are both accepted throughout the Cook Islands.
Must-sees in Cook Islands
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- What is the official currency of the Cook Islands?
The two official currencies of the Cook Islands are the Cook Island dollar and the New Zealand dollar. These currencies are pegged to each other at par and are both widely used throughout the Cook Islands.
- Why is the NZD used in the Cook Islands?
The NZD is used in the Cook Islands due to the political and cultural ties shared between New Zealand and the Cook Islands.
- Is cash or card preferred throughout the Cook Islands?
Although there are ATMs scattered throughout Rarotonga and Aitutaki (and cards are widely accepted there), you may need cash for travel on many of the smaller islands.
*Rates are subject to change throughout the day. In-store rates vary compared to online.
**The figures provided are indicative only and are there to provide an idea of the amount of travel money you may need during your trip.
^^Based on mid-market and Travelex Online AUD to FX exchange rates as of the date of the relevant social media post and/or email communication. Rates are subject to change throughout the day. Any rates and savings are quoted as a guide only.
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