NZD (New Zealand Dollar)

Filed Under » , , ,
Dictionary Says

Definition of 'NZD (New Zealand Dollar)'

The currency abbreviation or currency symbol for the New Zealand dollar (NZD), the currency of New Zealand. The New Zealand dollar is made up of 100 cents and is often represented by the symbol $ or NZ$ to set it apart from other currencies based in dollars. The currency is also used in the Cook Islands, Niue, Tokelau, and the Pitcairn Islands.

Also known as the Kiwi.
Investopedia Says

Investopedia explains 'NZD (New Zealand Dollar)'

When New Zealand's currency was decimalized in 1967, the New Zealand dollar replaced the New Zealand pound at a rate if 2 dollars to 1 pound. Initially pegged to the United States dollar (USD), the New Zealand dollar went through a series of changes in the fixed exchange rate until March of 1985, when the currency was allowed to float freely.

The currency is often known as a kiwi because of the national bird found stamped on the one dollar coin.

Articles Of Interest

  1.

    Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.

  2. Combining Forex Spot And Futures Transactions

    The spot, futures and option currency markets can be traded together for maximum downside protection and profit.

  3. Trade Forex With A Directional Strategy

    Opening long or short positions to cash in on a trend is one of the simplest ways to trade forex.

  4. 8 Basic Forex Market Concepts

    We go over some of the things you need to understand before you can trade currencies.

  5. Forex Minis Shrink Risk Exposure

    Trading less than a standard lot means getting in for less - and having less to lose.

  6. The Yen Is Setting Up To Be An Attractive Long-Term Investment

    As Japan embarks on quantitative easing, the yen has come under pressure. Will it continue to be the source of big profits in the latter half of 2013?

  7. Five ETFs To Cash In On Japan’s Rise

    With the election of Shinzo Abe and birth of “Abenomics”, things are looking up for Japan's exporting dependent nation. For investors, Japan may finally be awaking from its doldrums.

  8. 3 Costly Spelling Errors

    History has proved that some spelling errors can cost companies and governments millions of dollars.

  9. 5 Best Countries For Starting And Owning A Small Business

    Singapore, New Zealand and Denmark are just some of the most business-friendly countries in the world.

  10. Countries With The Best And Worst Investor Protection

    Discover which countries do the most to protect the little guy from scheming executives and shady back-room deals.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Yield Elbow

    The point on the yield curve indicating the year in which the economy's highest interest rates occur. The yield elbow is the peak of the yield curve, signifying where the highest interest rates occurred.

  2. Xenocurrency

    A currency that trades in markets outside of its domestic borders.

  3. Wanton Disregard

    A standard of severe negligence. Wanton disregard is a very serious accusation that indicates that a person behaved extremely recklessly.

  4. Ultra ETF

    A class of exchange-traded funds (ETF) that employs leverage in an effort to achieve double the return of a set benchmark.

  5. Toehold Purchase

    A purchase of less than 5% of a target company's outstanding stockmade by an acquiring company. A toehold purchase of just under 5%, while not a significant stake in a firm, allows the shareholders a "toe-holds" grip on the company and its decision making.

  6. Samurai Bond

    A yen-denominated bond issued in Tokyo by a non-Japanese company and subject to Japanese regulations.
Trading Center
http://sp.fastclick.net/ad/tr/10858-64082-15546-0?mpt=3caff3c306ed350c8b544e843a5fc853