Convert New Zealand Dollars (NZD) to Australian Dollars (AUD)

One Hundred New Zealand Dollars (NZD)

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.

Latest AUD/NZD Market News

Australian Dollar New Zealand Dollar Exchange Rate (AUD NZD) Drops on Slow Wage Growth

  Thursday 18th August, 2016

Australian Dollars (AUD)

Australian Dollar exchange rates were struggling as the week progressed due to a lack of progress in the growth of worker incomes. The New Zealand Dollar has also been in...

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Australian Dollar US Dollar (AUD USD) Exchange Rate Rallies as Business Confidence Climbs

  Wednesday 13th July, 2016

100 Hundred United States Dollars (USD)

The value of the ‘Aussie’ against the ‘Greenback’ has been high recently, as with last week, thanks in part to a supportive outcome for the latest business confidence report. By...

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