New Zealand Dollar (NZD)
The New Zealand dollar is a commodity currency, often called the kiwi. New Zealand exports dairy, meat, wool and timber, with China the largest market.
The latest available mid-market reference is 1 NZD = 0.5569 USD. The table below shows the same rate against the other major currencies.
Key facts
Structural details reviewed . Regimes and issuing arrangements can change.
The role of the New Zealand Dollar
New Zealand exports dairy, meat and timber, and the kiwi is a liquid proxy for agricultural demand. It is one of the ten most traded currencies and is sensitive to Chinese growth.
A short history
The New Zealand pound was replaced by the New Zealand dollar in 1967. The currency was floated in 1985.
What moves the New Zealand Dollar
Dairy prices, Chinese demand, Reserve Bank of New Zealand policy and the interest rate gap with the United States. The kiwi is a small, liquid currency that moves quickly with risk sentiment.
Live NZD exchange rate
| Currency | 1 NZD equals |
|---|---|
| US Dollar (USD) | 0.5569 |
| Euro (EUR) | 0.5011 |
| British Pound (GBP) | 0.4190 |
| Japanese Yen (JPY) | 88.8329 |
| Chinese Yuan (CNY) | 3.7233 |
| Indian Rupee (INR) | 52.2657 |
| Canadian Dollar (CAD) | 0.7930 |
| Australian Dollar (AUD) | 0.8127 |
| Swiss Franc (CHF) | 0.4632 |
Mid-market rate updated . Banks and transfer providers add a margin. About our rates.
NZD conversion pages
Other currency profiles
New Zealand Dollar questions
What is the New Zealand Dollar?
New Zealand Dollar (NZD) is used in the following countries and territories: New Zealand, Cook Islands, Niue, Tokelau and the Pitcairn Islands. Central bank: Reserve Bank of New Zealand. Exchange rate regime: free float.
Which countries use the New Zealand Dollar?
The New Zealand Dollar is used in the following countries and territories: New Zealand, Cook Islands, Niue, Tokelau and the Pitcairn Islands.
What affects the New Zealand Dollar exchange rate?
Dairy prices, Chinese demand, Reserve Bank of New Zealand policy and the interest rate gap with the United States. The kiwi is a small, liquid currency that moves quickly with risk sentiment.