Kiwi

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DEFINITION of 'Kiwi'

A slang term for the New Zealand dollar (NZD). It derives its name from New Zealand's national icon - a flightless bird called a kiwi - which is pictured on one side of the country's $1 coin.

BREAKING DOWN 'Kiwi'

This is a popular term in currency trading because New Zealand's currency exchange rate is closely tied to the price/demand of the country's abundant agricultural and forestry products. It is not uncommon to hear a news report say the kiwi is up, or down, in the day's trading.

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