The New Zealand dollar (sign: $; code: NZD) is the currency of New Zealand. It also circulates in the Cook Islands (see also Cook Islands dollar), Niue, Tokelau, and the Pitcairn Islands. It is divided into 100 cents.
It is normally written with the dollar sign $, or NZ$ to distinguish it from other dollar-denominated currencies. It is often informally known as the "Kiwi (dollar)", kiwi typically being associated with New Zealand, and the $1 coin...
more
The New Zealand dollar (sign: $; code: NZD) is the currency of New Zealand. It also circulates in the Cook Islands (see also Cook Islands dollar), Niue, Tokelau, and the Pitcairn Islands. It is divided into 100 cents.
It is normally written with the dollar sign $, or NZ$ to distinguish it from other dollar-denominated currencies. It is often informally known as the "Kiwi (dollar)", kiwi typically being associated with New Zealand, and the $1 coin depicts a kiwi. It is one of the 12 most-traded currencies in the world.
The New Zealand dollar was introduced on 10 July 1967 when New Zealand decimalised its currency. The dollar replaced the New Zealand pound, which had been distinct from the pound sterling since 1933, at a rate of two dollars to one pound (10 shillings to a dollar).
The NZ$ was initially pegged to the US dollar at US$1.39 = NZ$1. This rate changed on 21 November of the same year to US$1.12 = NZ$1 after the devaluation of the British pound (see Bretton Woods system),...
less
