This is the latest exchange rate for the NZ Dollar today which is the official currency of New Zealand. The currency is the New Zealand Dollar with symbol code: NZD.
The NZD exchange rate is affected by economic conditions within New Zealand. Things such as interest rate changes, GDP and unemployment can affect the NZ Dollar currency. Economic policies in New Zealand are set by the Reserve Bank of New Zealand at regular meetings throughout the year.
|1 NZ Dollar =||0.62 USD|
|1 NZ Dollar =||0.57 EUR|
|1 NZ Dollar =||0.51 GBP|
This table displays other common conversions of the NZ Dollar in US Dollars.
|100 New Zealand Dollar||62.21|
|500 New Zealand Dollar||311.07|
|1000 New Zealand Dollar||622.14|
About The NZ Dollar
The New Zealand dollar is commonly called the “kiwi,” since the notes depict an image of the native kiwi bird. it is divided into 100 cents and uses the “$” sign, the same as other nations who use the dollar. However, to distinguish the New Zealand dollar from others, the sign “NZ$” is used when dealing with international markets and exchange rates.
Thanks to the Decimal Currency Act, the New Zealand dollar was introduced in 1967. Before that, New Zealand used pounds as currency. The transition to dollars came with a publicity campaign that included “Mr. Dollar” as a mascot.
As of 2016, New Zealand has five different coins in circulation. The denominations include 10 cents, 20 cents, 50 cents, $1 and $2. The coins are made of different combinations of metals, including copper, steel, nickel, aluminum and bronze.
Banknotes for the New Zealand dollar include denominations of $5, $10, $20, $50 and $100. The notes come in varying sizes and colors, and each has a different image on it. The notes are made of a flexible plastic material for durability.
The New Zealand dollar is governed by the Reserve Bank of New Zealand. In the beginning, the New Zealand dollar exchange rate was pegged to the US dollar. However, over the years the moving peg has been adjusted so that the values of the two different dollar systems have less to do with one another.
Historical NZ Dollar Exchange Rate Chart