Compare usd to new zealand currency
The New Zealand dollar (NZD) is the official currency of New Zealand. Here's a comparison of the US dollar (USD) to the New Zealand dollar (NZD):
Current Exchange Rate:
As of [current date], the exchange rate is approximately:
1 USD = 1.65 NZD
Historical Exchange Rate:
Here's a rough idea of the exchange rate over the past few years:
- 2022: 1 USD = 1.65-1.75 NZD
- 2021: 1 USD = 1.45-1.60 NZD
- 2020: 1 USD = 1.30-1.45 NZD
- 2019: 1 USD = 1.20-1.35 NZD
- 2018: 1 USD = 1.10-1.25 NZD
Trends:
The NZD has generally been stronger against the USD in recent years, due to factors such as:
- New Zealand's strong economy, driven by its service sector and natural resources
- The country's high interest rates, which attract foreign investors
- The Reserve Bank of New Zealand's (RBNZ) monetary policy, which has been focused on keeping inflation low and stable
However, the NZD has also been subject to fluctuations due to global economic conditions, such as:
- The COVID-19 pandemic, which has affected global trade and investment
- The US-China trade tensions, which have impacted global commodity prices and currency markets
Conversion Examples:
Here are some examples of conversions from USD to NZD:
- 100 USD = approximately 165 NZD
- 500 USD = approximately 825 NZD
- 1000 USD = approximately 1650 NZD
Keep in mind that exchange rates can fluctuate rapidly, so it's always a good idea to check the current rate before making any transactions.