Question: What currency is used in New Zealand
Answer: The local currency used in New Zealand is the New Zealand Dollar
The Zealand Dollar is a popular currency around the world and it is the official currency of both the North and South Islands of New Zealand. The New Zealand Dollar can also be used on some of the Pacific Islands including the Cook Islands, Nauru, Niue, Pitcairn Islands, Ross Dependency and Tokelau.
Unofficially some people will refer to the New Zealand currency as the ‘Kiwi’ Dollar. In 1999 the New Zealand Dollar banknotes were updated from paper notes to plastic notes called Polymer Banknotes. There are only a handful of countries that have made this change including Australia in 1996. The new plastic banknotes have enhanced the security against fraud whilst reducing the impact on the environment and production costs.
If you are wondering what banknotes to take with you to New Zealand on holiday or for a business trip then the New Zealand Dollar comes in the following dominations $5, $10, $20, $50 and $100 NZD banknotes and with regards to coins they are available in 10c, 20c, 50c, $1 and $2 NZD coins.
Inflation in New Zealand over recent years has improved compared to when the financial crisis initially hit the world economy. New Zealand is a very popular destination for tourists what blockbuster films like the Lord of the Rings Trilogy being filmed in the country which has helped increase tourism and raise awareness of New Zealand as a great location to visit. As a result we have seen in recent years high competition with the currency in the UK and most British citizens taking around a £1000’s worth of New Zealand dollars with them as cash.
If for any reason you come back from your holiday with left over New Zealand Dollars currency you can always use our currency buy back service which compares all the buy-back suppliers in the UK which enables you to get the best deal possible on left over travel money. Going to New Zealand for a holiday or business travel? Why not compare the best exchange rates and suppliers for the New Zealand Dollar!
About the Author
Adam manages the marketing for both Compare Holiday Money and Currency Buy Back, assisting the team in developing brand awareness and the services that each website provides.
He joined the team in 2011 and is responsible for content creation, social media and building relationships with new travel industry contacts and guest travel bloggers.
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