New Zealand Dollar Online Casino
The New Zealand Dollar has shown sharp growth over the past week with much of the growth being attributed to strong domestic exports and comments made by US president Tump regarding the US Federal reserve. This growth is great for most Kiwis but how does it effect people that play at online casinos?
This article will address how the current strengthening of the NZD has effected players. If you are interested in a general overview of playing in NZ dollars, read the main article entitled NZ Dollar Online Casinos.
The Dangers of Gambling in Foreign Currencies
We already know that all Online Casinos are based offshore which means that all of them all gamblers to play in currencies other than the NZ Dollar. Many Kiwis take this option and opt to play in US dollars. It is these players that have inadvertently lost out to the forex market.
Most pokies from safe online casinos have a rip (return to player) of between 92-96% meaning that they payout around 94c to the dollar over the lifetime of the poke machine. If you look at the strengthening of the Kiwi to the USD over the past five days is shown below.
This graph shows how players would effectively decrease their RTP as each USD they paid for would be worth less at the time of cashing in.
Full Terms Apply. 18+, New players only. Merkur online casino deutschland. New players only. BeGambleAware.orgWagering Requirements.
New Zealand Dollar Poker Games Online New Zealanders are developing a solid predilection for gambling, and statistics suggest that New Zealand has the same proportion of internet gamblers as the USA. Online pokies fans, this one’s for you. The latest casino game to take New Zealand by storm is now available at Spin Casino! This means that you’ll be able to enjoy spinning and winning by simply logging into your unique account, making a quick, safe and easy deposit, and launching the game from your preferred device. Online Casino New Zealand dollars. Gambling is a big business in New Zealand and there are many online NZD casinos out there that accept players from this country. The New Zealand dollar casinos are now available everywhere out there. There is an excellent selection of NZD casino sites that accept players from this country and their number just keeps on going up. Best Online Casinos with NZ Dollars. Many online casinos are currently accessible for NZ players, all offering their own set of promotions and games to attract players. When deciding on which online casino with NZ dollars is the best, there are several criteria points to be overviewed. Players need accurate information regarding the payouts, promotions, deposit and withdrawal services and conditions, and customer service.
The potential losses on currency conversion when converting your NZ dollars is also not taken into account which in many cases are quite substantial.
Will the NZD go back down?
There is always the possibility of the New Zealand Dollar decreasing again but many analysts believe the strengthening of the currency is based on solid export numbers(which are a stable indicator) as well as uncertainty in the US which is much more volatile.
The continued tensions between China and the US continue to play havoc with the worlds financial markets with the Gold Price reaching a 5 year high this month and continuing to climb. There are also more than a few voices out there speaking of a recession which never bodes well for currency trading.
I prefer to gamble at the casino
I enjoy the thrill of playing at online casinos. I decide how much I want to bet, which games I play on and have an understanding of the odds involved. There are few feelings in the world that compare to that catching a big win on a pokie or catching your lucky number with your last chip at the roulette table. It’s the thrill to win, to beat the odds and cherish the memory.
This is the gambling I love, I am not the man who deposits money into a financial system that I have no control over. This is why I continue to ask New Zealanders to keep playing in NZ Dollars.
Big Dollar Casino Online
If your current casino does not support New Zealand Dollars as a payment method, please check out our Top New Zealand Casinos list, where all casinos accept NZD as a deposit currency.
Nz Online Casinos
Conclusion
Online Casinos For New Zealand
Pick an online casino that offers NZ Dollars as a deposit currency to protect yourself from currency fluctuations as well as additional currency conversion banking fees that eat away at your potential for winning.