$1 coin, depicting the Kiwi on the reverse, from where the currency gets its informal name, the Kiwi dollar
ISO 4217
Code
NZD (numeric: 554)
Subunit
0.01
Unit
Unit
dollar
Symbol
$
Nickname
kiwi
Denominations
Subunit
1⁄100
cent
Symbol
cent
c
Banknotes
Freq. used
$5, $10, $20, $50, $100
Coins
Freq. used
10c, 20c, 50c, $1, $2
Demographics
Date of introduction
July 10, 1967; 56 years ago (1967-07-10)
Replaced
New Zealand pound
User(s)
New Zealand
4 New Zealand dependent territories
Cook Islands
Niue
Tokelau
Ross Dependency
1 British Overseas Territory
Pitcairn Islands
Issuance
Central bank
Reserve Bank of New Zealand
Website
www.rbnz.govt.nz
Printer
Note Printing Australia (provides base polymer note material)
Website
www.noteprinting.com
Mint
Primarily Royal Canadian Mint and Royal Mint (UK), others previously
Valuation
Inflation
4.0% (New Zealand only)
Source
Reserve Bank of New Zealand, March 2024
Pegged by
Cook Islands dollar (historical), Niue dollar and Pitcairn Islands dollar (all at par)
The New Zealand dollar (Māori: tāra o Aotearoa; sign: $; code: NZD) is the official currency and legal tender of New Zealand, the Cook Islands, Niue, the Ross Dependency, Tokelau, and a British territory, the Pitcairn Islands.[2] Within New Zealand, it is almost always abbreviated with the dollar sign ($). The abbreviations "$NZ"[1] or "NZ$" are used (outside New Zealand) when necessary to distinguish it from other dollar-denominated currencies.
The New Zealand dollar was introduced in 1967. It is subdivided into 100 cents. Altogether it has five coins and five banknotes with the smallest being the 10-cent coin; smaller denominations have been discontinued due to inflation and production costs.
In the context of currency trading, the New Zealand dollar is sometimes informally called the "Kiwi" or "Kiwi dollar",[3] since the flightless bird, the kiwi, is depicted on its one-dollar coin. It is the tenth most traded currency in the world, representing 2.1% of global foreign exchange market daily turnover in 2019.[4]
^ ab"World Bank Style Guide" (PDF). World Bank. pp. 134–137.
^"New Zealand Dollar (NZD) Profile | Foreign Exchange Conversion - Money Calculator". currency7.com. Retrieved 6 February 2017.
^Jazial Crossley (12 March 2012). "Currency | Kiwi Follows Aussie Dollar Down". Stuff.co.nz. Retrieved 23 May 2012.
^"Foreign exchange turnover in April 2019". 16 September 2019.
and 17 Related for: New Zealand dollar information
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Global Information
New Zealand
