History of NZ$ Foreign Exchange Rates
With the breakdown of the Bretton Woods system in 1971, both Australia and New Zealand converted the mostly-fixed foreign exchange regimes to a moving peg against the US dollar.
In September 1974, Australia moved to a peg against a basket of currencies called the trade weighted index (TWI) in an effort to reduce fluctuations associated with its peg to the US dollar. The peg to the TWI was changed to a moving peg in November 1976, causing the actual value of the peg to be periodically adjusted.
Since the late 1990s, and certainly since the end of the Cold War the US$ has had less and less overall influence over the value of both the NZ$ and A$ against other currencies.
| Current NZD exchange rates | |
|---|---|
| From Google Finance: | AUD CAD CHF EUR GBP HKD JPY USD INR CNY |
| From Yahoo! Finance: | AUD CAD CHF EUR GBP HKD JPY USD INR CNY |
| From XE.com: | AUD CAD CHF EUR GBP HKD JPY USD INR CNY |
| From OANDA.com: | AUD CAD CHF EUR GBP HKD JPY USD INR CNY |
| From fxtop.com: | AUD CAD CHF EUR GBP HKD JPY USD INR CNY |
Read more about this topic: New Zealand Dollar
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