The New Zealand Dollar
The currency of New Zealand is the dollar (NZD). It’s also known informally as the kiwi.
New Zealand’s economy relies on international trade. Its exports are largely agricultural (meat, milk and butter), with the greatest portion of them going to China.
New Zealand has the second-lowest GDP of the countries whose currencies we offer.
About New Zealand
GDP1
$247
Billion
USD
Major Exports2
Milk
Meat
Wood
Major Export Partners2
China
Australia
U.S.
Budget Deficit3
-2.7%
Trade Flows4
-17.1
Billion
NZD
Pros and Cons of the New Zealand Dollar
- Backed by a stable, well-governed economy5
- Commodity-driven upside6
- Small, less independent and credible central bank currency7
- High sensitivity to global risk sentiment8
- Impacted by China’s economic performance9
- Small, less liquid currency10
1. https://tradingeconomics.com/country-list/gdp-per-capita
2. https://tradingeconomics.com/country-list/exports;
3. https://tradingeconomics.com/country-list/government-budget?continent=world
4. https://tradingeconomics.com/country-list/balance-of-trade
5. https://data.worldbank.org/country/new-zealand
6. https://www.mfat.govt.nz/en/trade
7. https://www.rbnz.govt.nz/monetary-policy
8. https://www.bis.org/statistics/rpfx22_fx.htm
9. https://www.stats.govt.nz/topics/imports-and-exports/
10. https://www.investopedia.com/ask/answers/08/currency-in-new-zealand.asp
How to Buy the New Zealand Dollar
Currency CD
Term
APY
3 Month
0.75%
6 Month
0.75%
9 Month
0.75%
12 Month
0.75%
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance
APY
All Balances
0.00%
Available Currencies
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