The New Zealand dollar (sign: $; code: NZD) is the currency of New Zealand. It is divided into 100 cents.
It is normally written with the dollar sign $, or NZ$ to distinguish it from other dollar-denominated currencies. In the context of currency trading, it is often informally called the "Kiwi", since kiwi are commonly associated with New Zealand and the $1 coin depicts a kiwi. It is one of the 10 most-traded currencies in the world being approximately 1.6% of global foreign exchange market daily turnover in 2010. (see Global Foreign Exchange Market section below)
Read more about New Zealand Dollar: Banknotes, History of NZ$ Foreign Exchange Rates, Global Foreign Exchange Market, Inflation and Deflation
Famous quotes containing the words zealand and/or dollar:
“Teasing is universal. Anthropologists have found the same fundamental patterns of teasing among New Zealand aborigine children and inner-city kids on the playgrounds of Philadelphia.”
—Lawrence Kutner (20th century)
“... if we have a dollar to spend on some wild excess, we shall spend it on a book, not on asparagus out of season.”
—Katharine Fullerton Gerould (1879–1944)