Nz forex currency converter
The New Zealand Dollar is the currency of New Zealand. Our currency rankings show that the most popular New Zealand Dollar exchange rate is the NZD to AUD rate.
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Below, you'll find New Zealand Dollar rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read the XE Currency Blog , or take NZD rates on the go with our XE Currency Apps and website. Reserve Bank of New Zealand Website: New Zealand, Cook Islands, Niue, more Introduced in , the New Zealand Pound was the first official currency of New Zealand.
Until that point, both British and Australian coins circulated in New Zealand, and continued to do so until The Pound banknotes were produced by the six different trading banks until , when a single uniform design was implemented. A decade later, the Reserve Bank of New Zealand was established.
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The idea of decimalization was first raised in , but was not put into place until , when the New Zealand Dollar replaced the New Zealand Pound. There was much public discussion over what the new currency would be called, with ideas such as 'kiwi' and 'zeal' being proposed, but in the end, the term 'dollar' was chosen.
The New Zealand Dollar was initially pegged to the US Dollar at a rate of 1.
NZD - New Zealand Dollar rates, news, and tools
The peg rate changed multiple times until , when the currency began to freely float in the market. In , a new design for the New Zealand Dollar was released in an attempt to modernize, with the new bills being made of polymer.
Since that year, there have been no coins under the value of five cents and the value of cash transactions are rounded. We use cookies to understand our site usage and to customize your experience, including advertising.
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NZD - New Zealand Dollar. Top NZD Exchange Rates.
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New Zealand Dollar History Introduced in , the New Zealand Pound was the first official currency of New Zealand. Central Bank Rates JPY Get an XE account Sign up FREE! Tools Currency Converter Currency Charts Currency Emails Historical Rates Expense Calculator IBAN Calculator Rate Alerts Transfer Money XE Money Transfer Why XE? Use our Content Free Converter Customized Converter Link to XE Learn Money Transfer Tips Fraud Prevention XE Currency Blog Currency Encyclopedia Intro to Forex Trading Money Transfer Glossary.