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New Zealand dollar
New Zealand officially uses the New Zealand dollar as the local currency. 1 dollar is divided into 100 cents.
Currency regime
The New Zealand dollar is not linked to the US dollar or any other currency and the New Zealand dollar floats freely against major currencies. There tends to be a fairly high correlation in New Zealand dollar moves with the Australian dollar.
Commercial rates
As at February 1st 2006, the New Zealand dollar was trading around 1.46 against the dollar (NZD/US$ 0.686), 1.76 against the Euro and 2.59 against Sterling.
Tourist rates
On February 1st 2006 the New Zealand currency was valued at around 2.50 against Sterling. For 1 UK pound you will, therefore, receive around 2.50 New Zealand dollars.
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Please click on the link for Sterling/New Zealand dollar currency forecasts