1 USD to NZD US Dollars to New Zealand Dollars Exchange Rate

When withdrawing money from a New Zealand bank from your Visa or MasterCard, the money will be withdrawn in New Zealand Dollars. Tourism accounted for about 3% of the country’s gross domestic product (GDP) in March 2022, a decrease from 5.5% before the COVID-19 pandemic. The country’s top industries include agriculture, dairy, forestry, fishing, mining, and tourism. New Zealand is one of the world’s largest exporters of whole milk powder so the NZD would most likely benefit if milk prices rise.

NZD = 0.58895 USD

There are no restrictions on how much cash you can bring into New Zealand, however, those who bring in NZ$10,000 or more must complete a Border Cash Report. The original New Zealand dollar banknotes all featured portraits of Queen Elizabeth. A new series of notes, known as Series 5 was introduced in 1992.

However, fees usually apply to some transactions, including some charges when you switch currencies from AUD to the local currency in your destination. You’ll need to weigh up a few different options to find the travel money card that’s right for you – we’ll cover a couple to consider, next. It the daily trading coach took another 30 years before the Reserve Bank replaced the currency of pounds, shillings, and pence with actual dollars and cents.

Denominations of Dollars

On the introduction of the dollar, coins came in denominations of 1c, 2c, 5c, 10c, 20c, and 50c. The obverse designs of all the coins featured Arnold Machin’s portrait of Queen Elizabeth II, with the legend ELIZABETH II NEW ZEALAND date. The reverse sides of coins introduced in 1967 did not follow the designs that were originally intended for them. Those modern art and sculpture themed designs were leaked to a newspaper and met a very negative public reaction.

Convert USD to NZD at the real exchange rate

After a three-month public submission period that ended on 4 February 2005, the Reserve Bank announced on 31 March that it would go ahead with the proposed changes. The changeover period started on 31 July 2006, with the old coins usable until 31 October 2006.19 The old 50c, 20c, 10c and 5c pieces are now no longer legal tender, but are still redeemable at the Reserve Bank. In other states, the program is sponsored by Community Federal Savings Bank, to which we’re a service provider. New Zealand banks are open weekdays 9.30am-4.30pm and sometimes on a weekend. Most will work with an international credit or debit card as long as your card has a four-digit pin code.

Central Bank Rates

When planning a trip or a working holiday, it’s good to know what to expect from the cost of living. This includes food, transport, activities… Basically, anything you might need to pay for while you are in New Zealand. For this reason, we have put together the following articles to give you an idea of the cost of living in New Zealand. A few exceptions to GST are bank services, rent, wages (although that gets another form of tax) and duty-free goods. For information on opening a New Zealand bank account, see How to Open a New Zealand Bank Account.

• The New Zealand dollar (NZD) is the official currency of New Zealand.
• The first coins had pictures of the native birds of New Zealand on the “tails” side, a tradition that has continued, with the British monarch on the head side.
• The polymer composition has also increased the longevity of the banknotes.
• The strength of a currency tends to fluctuate so the strength of the NZD may not always be so strong.
• The official currency in New Zealand is New Zealand Dollars (NZD).

Our currency rankings show that the most popular New Zealand Dollar exchange rate is the NZD to USD rate. The currency code for Dollars is NZD, and the currency symbol is $. Below, you’ll find New Zealand Dollar rates and a currency converter.

In 1971 the US devalued its dollar relative to gold, leading New Zealand on 23 December to peg its dollar at US$1.216 with a 4.5% fluctuation range, keeping the same gold value. From 9 July 1973 fxcm broker to 4 March 1985 the dollar’s value was determined from a trade-weighted basket of currencies. We’ve used Auckland as our example but you may find the prices in your destination are different depending on location. New Zealand is a super popular tourist destination from Australia, with a great range of activities and options no matter what you’re planning on doing. New Zealand Dollars notes are frequently used in $5, $10, $20, $50 and $100 denominations.

Check out Wise as a travel card Crypto cfd you can use to hold and exchange NZD with low fees and the mid-market rate – or try Revolut as a convenient card you can top up in AUD and use in New Zealand easily. Order a travel card online or in a store, depending on the provider you pick, and top up in either AUD or NZD before you travel. A travel card can be convenient and secure, although some fees may apply when you transact. Just tap to pay in stores, and take out cash as and when you need it, rather than carrying all your travel money with you on departure. Introduced in 1840, the New Zealand Pound was the first official currency of New Zealand.