Name: New Zealand Dollar, NZD, NZ$-Kiwi
Denominations: $5, $10, $20, $50, $100, notes. 10c, 20c, 50c, $1, $2 coins.
What factors affect it?
New Zealand exports commodities, predominantly dairy produce, so when a global drop in dairy prices occurred so did the worth of the New Zealand Dollar. However, because New Zealand is geographically close to Australia, any troubles in the latter nation can have an adverse effect on the New Zealand Dollar. New Zealand has a stable economic outlook and benefits from a floating currency, low public debt and climbing interest rates.
The main risks to New Zealand’s economy are swift property price gains—which could cause a housing bubble—and a rapid decline in trading with China- which could occur if China’s economy weakens. Some industry experts have argued that New Zealand needs to expand its non-agricultural exports to remain a contender in a competitive marketplace.