New Zealand dollar is the official currency of New Zealand since 1967. This unit of currency is also used in the Cook Islands, Niue, Tokelau and the Pitcairn Islands.
Origins and history
Prior to the arrival of the New Zealand dollar, the currency of the country was the New Zealand pound, different from sterling pound since 1933.
The change to decimal currency to replace the system of the New Zealand pound had been proposed in New Zealand in the thirties, but it was not until the fifties that the project was launched. In 1957, the Government created a committee to carry out a research on the decimal currency and finally in 1963 the Government decided to divide the currency of New Zealand into tenths.
The decimal currency act was passed in 1964, setting out the transition date for the 10th July 1967. Also, other names for the currency were suggested, such as kiwi or zeal, in order to avoid confusion with dollar, commonly associated to US dollar. In the end, the word dollar was chosen to call the national currency.
On the 10th July 1967 New Zealand dollar was introduced to replace the New Zealand pound, one pound equaling to two dollars. Around 27 million in banknotes were printed and 165 million in coins.
Countries using New Zealand dollar
New Zealand dollar is the official currency of New Zealand, Cook Islands, Niue, Tokelau and Pitcairn Islands.
Current New Zealand dollar coins and banknotes
Today we have banknotes of 5, 10, 20, 50 and 100 New Zealand dollars.
Regarding coins, we have coins of 5, 10, 20 and 50 cent and 1 and 2 dollars.
Did you know?
- This currency is commonly called kiwi, name given after the national bird, which appears in the 1 dollar coins.
- New Zealand dollar is one of the top ten currencies used in trade worldwide.
- Elizabeth II is the queen of New Zealand.
Why changing currency with us is better than with your bank?
 Global Exchange | Your high-street bank | |||
|---|---|---|---|---|
| Number of curencies available | We have more than 13 currencies. We are specialists. | Only the most common ones. They don't pay much attention to this service and, moreover, they will always try to get you to leave with Dollars. | ||
| Currency availability | Immediate availability at our airport offices on the day of your trip. | The branch requests it from Head Office and it may take quite a long time to have the currency available, or they may not even have it. | ||
| Cost of the transaction | Only the exchange rate, with no commissions, and if you book online we guarantee you the best price. | Your bank's margin plus a commission. | ||
| Fractional currency so you can pay comfortably | Of course, because we think of you and your needs when you set foot in a foreign country. | No. Be prepared to hear refusals and complaints in a foreign language when you present a "large" bill. | ||
| Delivery options | We offer you the possibility of picking up your order at the airport. | You have to go to the bank twice: once to request the currency and once to pick it up, if they can get it for you, so you have to keep track of your money. | ||
| Opening hours | We are open 24 hours a day, 7 days a week. | Monday to Friday, from 8:30 am to 2:30 pm. |