• EUR/AUD 1.37217 03:45 24.02
  • AUD/JPY 86.963 03:45 24.02
  • GBP/JPY 141.517 03:45 24.02
  • EUR/USD 1.05798 03:45 24.02
  • EUR/JPY 119.325 03:45 24.02
  • AUD/USD 0.77102 03:45 24.02
  • USD/JPY 112.788 03:45 24.02
  • OIL-MAR17(WTI CRUDE) 53.980 03:45 24.02
  • GOLD VS OIL 22.1346 03:30 24.02
  • SSE180 VS CSI300 2.1859 03:30 24.02
  • TENCENT HOLDINGS 211.900 03:30 24.02
  • SHANGHAI COMPOSITE 3241.947 03:30 24.02
  • CSI 300 3463.797 03:30 24.02
  • HANG SENG F-JAN17 24040.000 03:30 24.02
  • ASX F-MAR17 5713.500 03:30 24.02
  • ASX 5742.500 03:30 24.02
  • SSE180 7571.410 03:30 24.02
  • HANG SENG 24012.350 03:30 24.02
  • AUD/CAD 1.01035 03:30 24.02
  • NZD/JPY 81.437 03:30 24.02
  • EUR/AUD 1.37232 03:30 24.02
  • CAD/JPY 86.069 03:30 24.02
  • AUD/JPY 86.965 03:30 24.02
  • GBP/JPY 141.560 03:30 24.02
  • USD/SGD 1.40747 03:30 24.02
  • NZD/USD 0.72203 03:30 24.02
  • EUR/USD 1.05810 03:30 24.02
  • EUR/JPY 119.341 03:30 24.02
  • AUD/USD 0.77105 03:30 24.02
  • USD/JPY 112.790 03:30 24.02

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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