The New Zealand dollar is the official currency of New Zealand. Its symbol is usually written as $, and sometimes NZ$ is used to distinguish it from other currencies that use the same sign. Informal nicknames for the New Zealand dollar are ‘kiwi’ and ‘buck’.
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Current circulating banknotes
- For example, a purchase of NZ$25.13 would be rounded down to NZ$25.10 and a purchase of NZ$25.19 would be rounded up to NZ$25.20.
- On 11 November 2004 the Reserve Bank announced that it proposed to take the 5c coin out of circulation and to make the 50c, 20c and 10c coins smaller and use plated steel to make them lighter.
- Its symbol is usually written as $, and sometimes NZ$ is used to distinguish it from other currencies that use the same sign.
- The changeover period started on 31 July 2006, with the old coins usable until 31 October 2006.19 The old 50c, 20c, 10c and 5c pieces are now no longer legal tender, but are still redeemable at the Reserve Bank.
- New Zealand’s currency is the dollar, more affectionately known as the kiwi.
The changeover period started on 31 July 2006, with the old coins usable until 31 October 2006.19 The old 50c, 20c, 10c and 5c pieces are now no longer legal tender, but are still redeemable at the Reserve Bank. Other factors affecting the NZD mcdonald’s stock a buy dow jones giant gets rare rating from pickiest analyst are dairy prices and tourism numbers. New Zealand is one of the world’s biggest exporters of whole milk powder. This means that if milk prices are on the rise the New Zealand economy is likely to be doing well, which will push up the currency. This table lists the current conversion rate of Zerebro (ZEREBRO) into many of the most popular fiat currencies and the largest cryptocurrencies. This table lists the real-time conversion rate of United States Dollar (USD) into Zerebro (ZEREBRO) for many of the most used multiples.
Zerebro to United States Dollar Data
Tourism is a strong economic driving force for New Zealand, so when tourism is doing well in the country, the currency will tend to be stronger. Other economic factors, such as growth rate, GDP, unemployment, and inflation are strong and, therefore, lead to a strong currency. The NZD currency has a long history how to implement a successful ai strategy for your company of colorful and vibrant money and, since its first issuing, has changed its printed design several times. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate.
How does economic data influence the value of the New Zealand Dollar?
Its value is broadly determined by the health of the New Zealand economy and the country’s central bank policy. Still, there are some unique particularities that also can make NZD move. The performance of the Chinese economy tends to move the Kiwi because China is New Zealand’s biggest trading partner. Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency. Another factor moving NZD is dairy prices as the dairy industry is New Zealand’s main export. High dairy prices boost export income, contributing positively to the economy and thus to the NZD.
Popular US Dollar (USD) Pairings
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. For the December meeting, analysts expect the Fed to cut interest rates by 25 basis points (bps). According to the CME FedWatch tool, there is a 59% chance that the Fed will cut its key borrowing rates by 25 bps to 4.25%-4.50%. The New Zealand dollar also circulates in the Cook Islands, Niue, Tokelau, and the Pitcairn Islands.
Polymer bills can go through a washing machine without suffering any material damage. The Reserve Bank of New Zealand (RBNZ) updated the currency in 2015 with even more bright colors and improved security features. Since 1999, the New Zealand government has produced polymer or plastic versions of the New Zealand dollar, which has made the note more secure against counterfeiting. In addition, the new polymer composition has increased the longevity of the note. The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs.
The peg rate changed multiple times until 1985, when the currency began to freely float in the market. In 1999, a new design for the New Zealand Dollar was released in an attempt to modernize, with the new bills being made of polymer. Since 2006, there have been no coins under the value of five cents and the value of cash transactions are rounded. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers.
In 1967, notes were introduced in denominations of $1, $2, $5, $10, gbp to nzd exchange rate today $20 and $100, with all except the $5 replacing their pound predecessors. $1 and $2 notes were discontinued in 1991 after being replaced with coins. NZD is one of the most traded currencies in the world, making it a liquid currency in forex markets.
