New Zealand Dollar


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New Zealand Dollar

The currency of New Zealand. It was introduced in 1967, replacing the New Zealand pound. It was initially pegged to gold through the U.S. dollar. After the end of the Bretton Woods system, it remained pegged to gold, then later to a currency basket. It has been a floating currency since 1985.
References in periodicals archive ?
As noted earlier, Kauri issuers generally have no need for New Zealand dollar funding.
This distribution reflects gains from the fund's current investment strategy of providing exposure to the movement of the New Zealand dollar as of the fund's fiscal year ended 31 August 2011.
Meanwhile, Stuart Ive, a senior dealer foreign exchange at OMF in Wellington, said the New Zealand dollar is above 77 U.
While commentators have suggested a wide range of alternative policy responses to lower the New Zealand dollar, there are no quick Axes available to the Reserve Bank.
These factors were contributing to some of the firming in global dairy prices, however, Mr Spierings said any gains would continue to be impacted by the strong New Zealand dollar.
The renewed strength of the New Zealand dollar has contributed to Fonterra's decision to set its forecast payout for milk solids in 2010 at NZD4.
Craigs Investment Partners broker Peter McIntyre said the New Zealand dollar is heading for "parity" with the Australian currency.
Analysts are worried that the New Zealand dollar could be affected by concerns in the Chinese banking segment.
For decades prior to 1985, New Zealand's economy was quite highly regulated and the New Zealand dollar exchange rate was fixed (but adjustable from time to time).
New Zealand Dollar Vulnerable To Pullback In Risk Appetite Fundamental Outlook for New Zealand Dollar: Bullish - New Zealand retail sales rose 1.
Options include the Australian dollar, British pound sterling, Canadian dollar, Danish krone, euro, Hong Kong dollar, Japanese yen, New Zealand dollar, Norwegian krone, Singapore dollar, South African rand, Swedish krona, Swiss franc and U.
co report that the additional cuts were possible because of the strong New Zealand dollar and falling international oil prices abroad.

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