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
$260
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?continent=australia
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
It’s as easy as open, fund, trade.
Open a Global Markets Portfolio
Start a Global Markets Portfolio with a Cash Account
Fund your account
Use your Cash Account as your funding source
Trade
Use your Global Markets Portfolio to buy or sell over 20 global currencies
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%
How to Open An Account
Buying and selling foreign currencies begin with a Global Markets High Yield Cash Account, which serves as the funding account for your currency transactions. Once it’s open, you will automatically receive a Global Markets Portfolio. This Portfolio will allow you to buy and sell any of the 20 foreign currencies available.
Global Markets
High Yield Cash Account
The High Yield Cash Account with Global Markets access delivers the typical features of a checking account but adds high yields for every dollar in your account.
On top of that, it serves as the launchpad to funding your precious metals and foreign currency transactions as well as access to all Global Markets Products.
- Use as the funding account for precious metals and foreign currency transactions
- ACH transfers to/from external accounts
- Free online bill pay
- Debit card with $30/month of ATM fee reimbursement if charged (Coming Soon)
- 1st order of checks complimentary
- $5 monthly fee waived, no minimum balance required
Currency Deposit
- $2,500 minimum initial trade per currency
- After initial trade, no minimum trade amount required
Currency CD
- $10,000 minimum initial trade per Currency CD
- After initial trade, no minimum trade amount required
Available Currencies
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