New Zealand Dollar (NZD)


A Brief History of the New Zealand Dollar

The New Zealand Pound was the first official currency of New Zealand and was introduced in 1840. It was only in July 1967 that the New Zealand Dollar came into play, replacing the NZ Pound and decimalising the currency of New Zealand.

The New Zealand Dollar was initially pegged to the U.S. Dollar at the rate of US$1.62, although the currency soon devalued along with the British Pound to a NZD/USD exchange rate of 1.1200 in November 1967.

The NZD was then permitted to float in March 1985. Since then, the New Zealand Dollar has floated freely against all major currencies, with only minimal intervention seen from the Reserve Bank of New Zealand.

The New Zealand Dollar in the Foreign Exchange Market

The New Zealand dollar is the tenth most traded currency in the foreign exchange market, accounting for 1.6% of all daily FX trading volume.

The most popular New Zealand dollar exchange rate is the NZD to USD rate. NZD/USD is commonly referred to as Kiwi Dollar, while a popular nickname for the NZ dollar in the FX market is the kiwi - named after the nation's native bird - the same bird also depicted on the back of New Zealand’s one dollar coin.

Due to New Zealand’s active commodity exports, the NZD is considered a commodity currency. As a result, its exchange rate can be affected by shifts in the price of various commodities.

The New Zealand Dollar is also considered a risker currency by international investors. As a result, it often depreciates relative to safe haven currencies like the U.S. Dollar during times of risk aversion.

Fact Table:

Currency Name: The New Zealand Dollar
Currency Code: NZD
Currency Symbol: $ or NZ$
Central Bank: The Reserve Bank of New Zealand
Countries Used In: New Zealand
Major Unit: One New Zealand Dollar
Minor Unit: One Cent = 1/100 of one New Zealand Dollar
Note Denominations: $5, $10, $20, $50 and $100
Coin Denominations: 10¢, 20¢, 50¢, $1 and $2

Currency Converter

Market Rate For information purposes only. Terms of Use
For details, see My FX Dashboard

For UKForex’s customer rate
Log In or Register Now
Rate: 1.2366
Rate: 0.8087

Register Free

Send money overseas at better rates than the banks.

Get our Free Commentary

RSS Follow Facebook Twitter Follow on LinkedIn Google Plus Follow on YouTube

Get free rate alerts

Choose currency pair and enter the exchange rate. An alert will be triggered when the exchange rate is reached and an email will be sent to you. You can unsubscribe any time and your email address is safe – see our Privacy Policy.

NOTE: These rates are for informational purposes only

UKForex is rated 4.5 stars by Trustpilot based on 125 reviews.

IMPORTANT: Use of this website is subject to the Website Terms. Use of the Services of the UKForex Limited is subject to the Client Agreement. Nothing on this website constitutes or should be construed as financial advice. This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person. UKForex Limited makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites.

UKForex is registered in England and Wales (company no. 04631395) with registered office at 1st Floor 85 Gracechurch Street, London EC3V 0AA.

DISCLAIMER: UKForex makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this web site. Read full disclaimer.

UKForex provides international money transfer services to individual clients and business customers. Use our free currency calculator, exchange rate charts, economic calendar, in-depth currency news and updates and benefit from competitive exchange rates and outstanding customer service.

UKForex is authorised by the Financial Conduct Authority (FRN: 521566) for the provision of payment services. 

Money Laundering Regulation Number (MSB): 12219180. Issued by HM Revenue & Customs (HMRC)
Read our Money Laundering Statement

Privacy Policy