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LOCAL CURRENCY IN NEW ZEALAND

Want to know the local currency in New Zealand? The local money in New Zealand is called Dollar.

The New Zealander Dollar is issued and managed by the Reserve Bank of New Zealand. To find out the current currency exchange rates for Dollar to other major currencies of the world, click on foreign currency rates.

New Zealander Currency Information
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The currency used in New Zealand is called as the Dollar. This currency is denoted with the currency sign $ and the ISO 4217 Code for the New Zealander Dollar is NZD. The Dollar, is the official currency of the New Zealand . It is divided into 100 smaller units called cent.

The constitution of New Zealand provides that the New Zealand government shall have the power to print the New Zealander Dollar and cent coins to be used as a legal tender in New Zealand. The New Zealander Dollar bank notes and Cent coins are both designated as "legal tender" in payment of debts.

The New Zealander Dollar bill uses the decimal system, consisting of 100 equal units.

The symbol $, usually written before the numerical amount, is used for the New Zealander Dollar.

Currently printed bank notes denominations are $5, $10, $20, $50, $100 and the coins are minted in the denominations of 10c, 20c, 50c, $1, $2 .

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The Effect of Balance of Trade and Investment on the Value of New Zealander Dollar
Financial analysts regularly cite the balance of trade and investment in New Zealand as the most important influence on the value of the Dollar. The difference between what the New Zealand exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Dollar exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Dollar exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the New Zealander Dollar.
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