NZD to USD Exchange Rate
LIVENew Zealand Dollar to US Dollar
Currency Converter
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Exchange rate: 1 NZD = 0.59 USD (approximate)
About NZD/USD
The NZD/USD currency pair represents the exchange rate between the New Zealand Dollar and the US Dollar, commonly known as "the Kiwi." This is a popular commodity currency pair influenced by dairy prices (New Zealand is the world's largest dairy exporter), Reserve Bank of New Zealand monetary policy, China's economic health, global risk sentiment, and commodity markets. The Kiwi tends to strengthen when commodity prices rise and global growth is strong. It's closely correlated with AUD/USD due to the countries' geographic and economic ties.
Quick Facts
Currency Pair:
NZD/USD
Base Currency:
New Zealand Dollar (NZD)
Quote Currency:
US Dollar (USD)
Central Bank:
Reserve Bank of New Zealand
Trading Hours:
24/5 (Forex Market)
Frequently Asked Questions
What does NZD/USD mean?
NZD/USD is the value of one New Zealand Dollar quoted in US Dollars, often called "the Kiwi" after the bird on the New Zealand one-dollar coin. The New Zealand Dollar (issued by the Reserve Bank of New Zealand) is the base currency and the US Dollar (issued by the Federal Reserve) is the quote currency.
What moves the NZD/USD exchange rate?
As New Zealand exports a lot of agricultural products, the Kiwi is sensitive to commodity prices such as dairy, as well as demand from major trading partners in Asia. Interest-rate differences between the RBNZ and the Federal Reserve and global risk appetite are the other key drivers.
Is the NZD/USD rate fixed or floating?
Both currencies float freely, so the rate is determined by market supply and demand and changes continuously while forex markets are open on weekdays. The New Zealand Dollar is often most active during the Asian and Pacific trading hours.