New Zealand dollar
1 EUR = 1.603 NZD 1 NZD = 0.624 EUR
1 CHF = 1.31 NZD 1 NZD = 0.763 CHF
The New Zealand Dollar (New Zealand Dollar ) is the currency of New Zealand. He is also the currency in the New Zealand colony Tokelau and Niue, which is in free association with New Zealand, as well as the Pitcairn Islands. In the Cook Islands, the Cook Islands dollar, which is equivalent to the New Zealand dollar value terms, issued as a separate cash. On specially issued for commemorative coins Tokelau is sometimes the tokelauische name Tala to find.
A New Zealand Dollar is divided into 100 cents, ISO code is NZD and the most common abbreviation NZ $. Colloquially, the New Zealand dollar is also Kiwi ( dollar ), because the word Kiwi New Zealand is usually associated and on the one - dollar coin a kiwi is shown.
History
On 10 July 1967, the New Zealand pound was divided into 20 shillings, replaced by the New Zealand dollar ( NZ $ ) at the exchange rate £ 1 = NZ $ 2 (where a dollar is divided into 100 cents). The 10 - cent coin was additionally the figure " One Shilling ", which accounted for the imprints from 1970.
Coins and banknotes
Old coins
Bills
New Zealand Dollar
Cook Islands dollar
The absence of the 1 -, 2 - and 5- cent coins
Before 30 April 1990, and 1 - and 2- cent coins legal tender, but were then withdrawn. Since November 1, 2006, no 5 - cent coins are issued more. This is not a problem in non-cash transactions. For cash payments must be rounded to the nearest 10 cents since 31 July 2006. Some larger department store chains always round off, other traders round their prices from the outset to 10 cents.
Plastic bills
Since 1999, the banknotes are made from polypropylene. Until then, they were made of cotton.
Exchange of coins
On 31 July 2006, new coins were introduced. Contrary to the old saying, coins rising material costs and their size. At 3.2 inches, the 50 cent coin was one of the largest in circulation worldwide coins. The size of the 10 - cent coin was too similar to that of the one - dollar coin. The 5-cent coins were withdrawn from circulation.
The new coins show the same motives as the old coins, but are much smaller. The new 10- cent coin is copper-colored, 20 - cent coin has a Spanish flower on the knurling.
Value
The value of a New Zealand dollar was in the years 2003 and 2004 from 0.45 to 0.55 euros, the end of 2005 it reached a peak of about 0.61 euros. After a decline in the first half of 2006 with a low of about 0.47 euro in July 2006, the New Zealand dollar recovered first again, then slipped but until February 2009 to 0.37 euros. Since the continuously he again approaches the mark of 0.60 euros.