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New Zealand flagNZDNew Zealand Dollar

New Zealand Dollar (NZD)

The New Zealand dollar is the official currency of New Zealand and is also used in several associated Pacific territories. The Reserve Bank of New Zealand issues banknotes, and the ISO code NZD distinguishes the currency from other dollars. One New Zealand dollar is divided into 100 cents.

Convert NZDView NZD ratesView NZD historical rates
ISO code
NZD
Symbol
NZD
Region
Oceania
Currency type
Fiat currency
Exchange system
The Reserve Bank of New Zealand has the sole right to issue New Zealand banknotes and coins and conducts national monetary policy.
Last reviewed

Convert this currency

NZD converter

New Zealand flagNZD
0.594849 USD1 NZD = 0.59484861 USD
Convert NZD to USDHistorical rates

Rate date:

1 NZD = 0.59484861 USDRate date: Source: Frankfurter

Quick facts

NZD at a glance

CurrencyNew Zealand Dollar (NZD)
Minor unitCent
Central bank or issuing authorityReserve Bank of New Zealand
Used inNew Zealand

Currency profile

How NZD works

The New Zealand dollar is the official currency of New Zealand and is also used in several associated Pacific territories. The Reserve Bank of New Zealand issues banknotes, and the ISO code NZD distinguishes the currency from other dollars. One New Zealand dollar is divided into 100 cents.

NZD conversions are useful for travel, international study, agricultural trade, online purchases and trans-Tasman business. A CurrencyHub result is calculated from a provider's dated reference rate. It does not include a bank's or payment service's customer pricing and should not be treated as a guaranteed transaction amount. Showing NZD with its name and flag helps prevent confusion when New Zealand and Australian dollar values appear together, particularly because the two currencies are often compared in regional planning.

  • NZD is divided into 100 cents and replaced the New Zealand pound during decimalization in 1967.
  • The currency has floated against other currencies since March 4, 1985.

Context

Why this currency matters

NZD is a well-established, actively traded currency with strong regional relevance. It is commonly compared with AUD, USD, GBP and JPY in travel, trade and market analysis. New Zealand-dollar records also appear in seasonal work, education and agricultural exports. Since AUD and NZD share a dollar name and have close regional links, keeping both ISO codes and the conversion direction visible is more reliable than presenting symbols on their own. It also makes saved comparisons easier to interpret later.

Monetary framework

Exchange arrangement

Official arrangement

The Reserve Bank of New Zealand has the sole right to issue New Zealand banknotes and coins and conducts national monetary policy.

Reference-rate context

CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.

History timeline

Key dates for NZD

  1. Reserve Bank of New Zealand began operations

    The Reserve Bank began operating and assumed responsibility for national banknote issuance.

    Reserve Bank of New Zealand - pre-float exchange-rate history

  2. Decimal New Zealand dollar introduced

    NZD replaced the New Zealand pound at two dollars for one pound.

    Reserve Bank of New Zealand - pre-float exchange-rate history

  3. New Zealand dollar floated

    New Zealand allowed NZD to float against all currencies on March 4, 1985.

    Reserve Bank of New Zealand - pre-float exchange-rate history

Usage and economy

How NZD is used

  • Prices, wages and payments in New Zealand.
  • Pacific travel and commerce comparisons involving AUD, FJD, PGK and VUV.

Country currency guides

New Zealand flagNew Zealand

Banknotes and coins

NZD currency units

Banknotes

The Reserve Bank of New Zealand documents the banknote series used in circulation.

Coins

The Reserve Bank of New Zealand documents New Zealand dollar and cent coins.

Currency unit

One New Zealand Dollar unit is recorded with 2 decimal places and uses Cent as its minor unit.

Popular currency pairs

Convert NZD

Open the NZD converter
New Zealand flagUnited States flagNZDUSD1 NZD = 0.59484861 USDNew Zealand flagEuropean Union flagNZDEUR1 NZD = 0.51048718 EURNew Zealand flagUnited Kingdom flagNZDGBP1 NZD = 0.43782047 GBPNew Zealand flagJapan flagNZDJPY1 NZD = 94.902147 JPYNew Zealand flagChina flagNZDCNY1 NZD = 3.995955 CNYNew Zealand flagSwitzerland flagNZDCHF1 NZD = 0.47885313 CHF

Related currencies

Currency relationships

Explore currencies connected through regional use, trade comparisons or monetary relationships.

Australia flagAUDAustralian Dollar
Convert NZD to AUDView AUD profile
Fiji flagFJDFijian Dollar
Convert NZD to FJDView FJD profile
Papua New Guinea flagPGKPapua New Guinean Kina
Convert NZD to PGKView PGK profile
Vanuatu flagVUVVanuatu Vatu
Convert NZD to VUVView VUV profile

FAQ

NZD questions

When did NZD replace the New Zealand pound?

The decimal New Zealand dollar was introduced in 1967 at two dollars for one pound.

When did the New Zealand dollar begin floating?

NZD was allowed to float against all currencies on March 4, 1985.

Are NZD and AUD interchangeable?

No. They are separate national currencies with different issuers and exchange rates despite close economic links.

Sources

Data and editorial review

Rate source: Frankfurter

Last reviewed:

Currency identity and cash information is checked against central-bank, government, ISO and official international sources.

Reserve Bank of New Zealand - money and cashISO 4217 currency codesReserve Bank of New ZealandReserve Bank of New Zealand - pre-float exchange-rate historyData sourcesEditorial policyMethodology