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    Currency in the Cook Islands – New Zealand dollar NZD

    A practical foreign exchange and currency guide to the Cook Islands

    What currency is used in the Cook Islands?

    The official currency of the Cook Islands is the New Zealand dollar, with symbol NZ$ and currency code NZD.

    Things to know about the New Zealand dollar


    The New Zealand dollar is informally called the ‘kiwi’ by foreign exchange traders and analysts due to the kiwi bird, which is native to New Zealand, being something of a national symbol for the country. The kiwi bird is also depicted on New Zealand’s one-dollar coin.

    Although the New Zealand dollar is considered one of the eight FX ‘majors’, it is actually only the world’s eleventh most traded currency. Further to the other seven majors – the US dollar, euro, yen, pound, Australian dollar, Canadian dollar and Swiss franc – the New Zealand dollar also falls behind the Mexican peso, the Chinese yuan and the Swedish krona in its share of the foreign exchange market (around 2%). The currencies of China and Mexico are not considered majors due to their emerging market status, while the krona’s market share has only exceeded that of the New Zealand dollar fairly recently (in 2016, according to the Bank for International Settlements) and is therefore not yet considered ahead of New Zealand’s currency.

    In the past two decades, the New Zealand dollar’s lowest value against the US dollar occurred in October 2000 when the NZD/USD exchange rate traded at just 0.3901. The currency’s two-decade high occurred in August 2011 when NZD/USD reached 0.8842.

    Among the majors, the New Zealand dollar is considered a riskier currency, which means that its value will fall against the larger majors (especially JPY, USD, CHF, GBP and EUR) during periods of economic uncertainty or when global geopolitical risk is elevated, or during bouts of high market volatility.

     

    What the New Zealand dollar looks like?

    cook islands currency

     

     

     

    New Zealand dollar – Markets & Rates

    1 NZD = 0.6406 USD
    Sell NZD  →  Buy USD
    NZD to USD at 0.6403 is 4.5% below its 90-day average 0.6702 with range 0.6231-0.6976.
    |
      1 USD = 1.5610 NZD
     
    7-DAY+2.8%


    The New Zealand dollar weakened 10 percent as a result of the risk-off trade encouraged by the Ukraine situation and a hawkish Federal Reserve. The NZD dollar has fallen as investors head for safer assets.

     NZD Outlook

    DateNZD/USDChangePeriod
    05 May 2022
    0.6430
    0.7% 2 Week
    18 Feb 2022
    0.6702
    4.7% 3 Month
    19 May 2021
    0.7161
    10.8% 1 Year
    20 May 2017
    0.6924
    7.8% 5 Year
    21 May 2012
    0.7608
    16.1% 10 Year
    24 May 2002
    0.4693
    36.1% 20 Year
    NZD/USD change over periods to 19-May-2022

     

    Compare New Zealand dollar Exchange Rates & Fees

    The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make a Transfer or Spend New Zealand dollar.

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    The New Zealand dollar is also the domestic currency in 4 other countries.

     

    New Zealand

     

     

    Niue

     

     

    Pitcairn

     

     

    Tokelau

     

     

     

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