New zealand dollar

The New Zealand dollar (NZD) is the official currency of New Zealand. It is abbreviated as NZD and is often referred to as the "kiwi dollar" due to the country's nickname, the "Land of the Long White Cloud" (Aotearoa).

Here are some key facts about the New Zealand dollar:

Symbol: NZD (or $) ISO code: NZD Subunit: 100 cents (1 NZD = 100 cents) Coins: 10c, 20c, 50c, $1, $2, $5 Banknotes: $5, $10, $20, $50, $100

History: The New Zealand dollar was introduced in 1967, replacing the New Zealand pound. It was pegged to the Australian dollar at a fixed rate of 1 NZD = 1.05 AUD until 1985, when it was floated.

Economy: The New Zealand economy is a developed market economy, with a strong service sector, a significant agricultural sector, and a growing manufacturing sector. The country is known for its high standard of living, low unemployment, and stable economy.

Currency exchange: The New Zealand dollar is traded on the foreign exchange market and is influenced by global economic conditions, commodity prices, and interest rates. It is often compared to other commodity-based currencies, such as the Australian dollar and the Canadian dollar.

Tourism: Tourism is a significant contributor to New Zealand's economy, with millions of visitors arriving each year to enjoy the country's natural beauty, outdoor activities, and cultural attractions. The NZD is often used as a popular currency for international travel.

Investment: The New Zealand dollar is also an attractive investment option for foreign investors, particularly those seeking a stable and relatively high-yielding currency. The country's strong economy, low inflation, and high interest rates make it an attractive destination for foreign investment.

Overall, the New Zealand dollar is a stable and attractive currency, with a strong economy and a high standard of living.