• AUD/CAD 0.98474 00:40 17.01
  • NZD/JPY 80.993 00:30 17.01
  • EUR/AUD 1.41866 00:30 17.01
  • AUD/JPY 85.230 00:30 17.01
  • GBP/JPY 137.332 00:30 17.01
  • NZD/USD 0.71089 00:30 17.01
  • EUR/USD 1.06125 00:30 17.01
  • EUR/JPY 120.915 00:30 17.01
  • AUD/USD 0.74807 00:30 17.01
  • USD/JPY 113.934 00:30 17.01
  • AUD/CAD 0.98456 00:20 17.01
  • BitCoin/CNY 5683.375 00:00 17.01
  • NZD/JPY 81.045 00:00 17.01
  • EUR/AUD 1.41903 00:00 17.01
  • AUD/NZD 1.05253 00:00 17.01
  • CAD/JPY 86.644 00:00 17.01
  • AUD/JPY 85.298 00:00 17.01
  • GBP/JPY 137.460 00:00 17.01
  • NZD/USD 0.70989 00:00 17.01
  • EUR/USD 1.06025 00:00 17.01
  • EUR/JPY 121.045 00:00 17.01
  • AUD/USD 0.74717 00:00 17.01
  • USD/JPY 114.166 00:00 17.01

NZD/USD

NZD/USD: The New Zealand Dollar and The U.S Dollar (Kiwi)

The NZD/USD currency cross (with the NZD as the base currency and the USD as the quote currency) is the official currency of New Zealand. The Kiwi is under the control and administration of the Central Bank of New Zealand and is also used in the Cook Islands, Niue, the Pitcairn Islands and Tokelau.

Nicknamed the ‘Kiwi’, the New Zealand Dollar accounts for more than two percent of the daily turnover of the entire Foreign Exchange Market. Since 1998 when the NZD was ranked 17th, it has climbed steadily to reach the recent rank of 10th on the Forex’s daily turnover following behind the Chinese Yuan.

History of the New Zealand Dollar

The New Zealand Dollar and the decimal system replaced the New Zealand Pound on July 10th of 1967, which is now called “Decimal Currency Day” in New Zealand.

The New Zealand Economy

New Zealand’s economy depends heavily on imports and exports. It trades for the most part with the EU (European Union), the United States, Australia, the Orient including China, Japan, Korea and Singapore. Its leading export products are in agriculture. Food processing, metal and wood fabrication, seafood and wool are the leading exports in manufacturing.

Factors Affecting the NZD/USD currency pair

Quantitative easing by Central Banks and the U.S. Federal Reserve have an impact. Rising and falling levels of employment, rising and falling commodity prices also have a direct effect on the currency rate.

Main export partners
Australia 21.5%
China 16.0%
United States 8.9%
Japan 6.92%

Main import partners
China 15.2%
Australia 16.1%
United States 9.8%
Japan 6.65%
Singapore 4.4%
Germany 3.5%

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