New Zealand dollar
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.
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.
New Zealand dollar is the official currency of New Zealand, Cook Islands, Niue, Tokelau and Pitcairn Islands.
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.
Date of creation:
Reserve Bank of New Zealand
|Globo Cambio||Other exchange houses|
|Variety of currencies||We have 54 currencies. We are specialists.||Only major currencies.|
|Availability of currencies||Immediate availability of currencies in our branches. Click and collect or walk in to our stores.||You risk not having enough stock.|
No, we do not charge any commissions for any exchange transaction, we only charge a trading margin.
We also offer the same price regardless of whether the banknote is high or low denomination.
|Sets its margin and and depending on the denomination of the banknotes, you pay different prices.|
|Different denominations available||At Global Exchange, you’ll get a variety of banknotes with different values, adapted to all your payment needs.||No. Prepare for refusals and complaints in foreign languages when paying with «big» banknotes.|