The New Zealand dollar (NZD)The New Zealand dollar 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.
Within New Zealand, it is almost always abbreviated with the dollar sign ($).
In the context of currency trading, it is rarely informally called the "Kiwi" or "Kiwi dollar", since New Zealand is commonly associated with the kiwi and the one-dollar coin depicts the indigenous bird on its reverse.
Introduced in 1967, the dollar is subdivided into 100 cents.
Altogether there are ten denominations—five coins and five banknotes—with the smallest being the 10-cent coin.
Formerly there were lower denominations, but those were discontinued due to inflation and production costs.
The New Zealand dollar is the eleventh most traded currency in the world, representing 2.1% of global foreign exchange market daily turnover in 2019.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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