Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Our smart tech means we’re more efficient – which means you get a great rate. They add hidden markups to their exchange rates – charging you more without your knowledge. Our interactive charts use real-time mid-market exchange rates and allow you to view data over a range of periods, including up to the last 5 years. To access a chart, simply choose your two currencies and view detailed insights.
New Zealand dollars to US dollars today
The New Zealand Dollar (NZD) tends to strengthen during risk-on periods, or when investors perceive that broader market risks are low and are optimistic about growth. This tends to lead to a more favorable outlook for commodities and so-called ‘commodity currencies’ such as the Kiwi. Conversely, NZD tends to weaken at times of market turbulence or economic uncertainty as investors tend to sell higher-risk assets and flee to the more-stable safe havens. Introduced in 1840, the New Zealand Pound was the first official currency of New Zealand.
Top currency pairings for New Zealand dollars
To view rates between the New Zealand Dollar and the US Dollar for a particular year, click on one of the links below.
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- Executing a trade late in the week might result in a delayed settlement until the following week, as forex markets are closed on weekends.
- To access a chart, simply choose your two currencies and view detailed insights.
Exchange-rates.org has been a leading provider of currency quotes and precious metal prices for nearly 20 years. Our information is trusted by millions of users across the globe each month . We have been featured in some of the most prestigious financial publications in the world including Business Insider, Investopedia, Washington Post, and CoinDesk. Add currencies you use often – or just want to keep an eye on – to your favourites for easy access. Macroeconomic data releases in New Zealand are key to assess the state of the economy and can impact the New Zealand Dollar’s (NZD) valuation.
Learn more about the USD before you travel to the United States and create a currency rate alert so we can notify you when it hits the rate you want. Today the famous green dollar bills, also known as greenbacks, are made from a mix of cotton and linen. Just under half of all US dollar bills are for just $1, and they last an average of 22 months before they’re considered too crumpled to be used anymore.
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- Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers.
- High economic growth attracts foreign investment and may encourage the Reserve Bank of New Zealand to increase interest rates, if this economic strength comes together with elevated inflation.
- Macroeconomic data releases in New Zealand are key to assess the state of the economy and can impact the New Zealand Dollar’s (NZD) valuation.
- Currency Converter is an exchange rate information and news app only and not a currency trading platform.
Conversion Rates New Zealand Dollar/US Dollar
The idea of decimalization was first raised in 1933, but was not put into place until 1967, when the New Zealand Dollar replaced the New Zealand Pound. There was much public discussion over what the new currency would be called, with lexatrade review 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 1.62 USD to 1 NZD. The peg rate changed multiple times until 1985, when the currency began to freely float in the market. In 1999, a new design for the New Zealand Dollar was released in an attempt to modernize, with the new bills being made of polymer. Since 2006, there have been no coins under the value of five cents and the value of cash transactions are rounded.
It’s been around since the late eighteenth century – and the word dollar goes all the way back to fifteenth-century Europe. When English colonists needed a new currency for North America, they stole the name from the big Spanish coins already being used in the new world. The U.S. dollar is the currency most used in international transactions. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. And if tariffs stay — in some shape or form — even after negotiations, we’ll likely be talking about recession too. Higher input costs, persistent inflation, and tighter monetary policy are already weighing on global growth.
Executing a trade late in the week might result in a delayed settlement until the following week, as forex markets are closed on weekends. Our currency rankings show that the most popular New Zealand Dollar exchange rate is the NZD to USD rate. The currency code for Dollars is NZD, and the currency symbol is $. Below, you’ll find New Zealand Dollar rates and a currency converter. We partner with leading data providers to bring you the latest and most accurate prices for all major currencies and precious metals.
Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Compare our rate and fee with our competitors and see the difference for yourself. Currency Converter is an exchange rate information and news app only and not a currency trading platform.
Change Converter source currency
Until that point, both British and Australian coins circulated in New Zealand, and continued to do so until 1897. The Pound banknotes were produced by the six different trading banks until 1924, when a single uniform design was implemented. A decade later, the Reserve Bank of New Zealand was established. Along with the euro, the US dollar is one of coca cola trade the biggest currencies on the planet.
United States Dollar to
Still, there are some unique particularities that also can make NZD move. The performance of the Chinese economy tends to move the Kiwi because China is New Zealand’s biggest trading partner. Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency.
The information shown there does not constitute financial advice. The NZD and USD can be traded 24×5, starting from the time markets open on Monday mornings in Sydney until they close on Fridays at 5 PM in New York. Exchange rates can fluctuate by the minute while markets are open. However, the period between 3-4 PM GMT is often a good time to convert New Zealand Dollars to US Dollars because currency market liquidity and trading volume tend to be the highest during this time. Additionally, it’s advisable to convert New Zealand Dollars to US Dollars early in the week if you need USD urgently.
Xe currency data API
You’ll now see the value of the converted currency according to the most recent exchange rate. The Reserve Bank of New Zealand (RBNZ) aims to achieve and maintain an inflation rate between 1% and 3% over the medium term, with a focus to keep it near the 2% mid-point. To this end, the bank sets an appropriate level of interest rates. The so-called rate differential, or how rates in New Zealand are or are expected to be compared to the ones set by the US Federal Reserve, can also play a key role in moving the NZD/USD pair.