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The Australian dollar (sign: $; code: AUD; also abbreviated A$ or sometimes AU$ to distinguish it from other dollar-denominated currencies; [2] [3] and also referred to as the dollar or Aussie dollar) is the official currency and legal tender of Australia, including all of its external territories, and three independent sovereign Pacific Island states: Kiribati, Nauru, and Tuvalu.
In 1967, New Zealand decimalised its pound into two new New Zealand dollars and later that year, when the pound sterling was devalued, New Zealand took the opportunity to realign its new dollar to parity with the Australian dollar. In 1971, New Zealand changed its peg to the US dollar, and in 1972, just like the United Kingdom and Australia ...
In the context of currency trading, the New Zealand dollar is sometimes informally called the "Kiwi" or "Kiwi dollar", [3] since the flightless bird, the kiwi, is depicted on its one-dollar coin. It is the tenth most traded currency in the world, representing 2.1% of global foreign exchange market daily turnover in 2019. [4]
Australian dollar $ AUD Cent: 100 Nepal: Nepalese rupee: रु NPR Paisa: 100 Indian rupee ₹ INR Paisa: 100 Netherlands [F] Euro € EUR Cent: 100 New Caledonia: CFP franc ₣ XPF Centime: 100 New Zealand: New Zealand dollar $ NZD Cent: 100 Nicaragua: Nicaraguan córdoba: C$ NIO Centavo: 100 Niger: West African CFA franc: F.CFA XOF Centime ...
The coins of the New Zealand dollar are used for the smallest physical currency available in New Zealand. The current denominations are ten cents, twenty cents, fifty cents, one dollar and two dollars. The $1 and $2 coins are minted in a gold colour, the 20c and 50c coins are silver colour and the 10c coin is plated in copper. Larger denominations of the New Zealand dollar are minted as ...
Australian Dollar: Reserve Bank of Australia: Dollarized New Caledonia: Pacific Franc: Institut d'émission d'Outre-Mer: Pegged to Euro New Zealand: New Zealand Dollar: Reserve Bank of New Zealand Niue: New Zealand Dollar: Reserve Bank of New Zealand: Dollarized Norfolk Island: Australian Dollar: Reserve Bank of Australia: Australian territory ...
Initially, British and Australian coins circulated in New Zealand. The devaluation of the New Zealand pound relative to sterling in the 1930s led to the issue of distinct New Zealand coins in 1933, in denominations of 3d, 6d, 1/– (one shilling), 2/– (or florin) and 2/6 (half-crown), minted in 50% silver until 1946 and in copper-nickel from ...
After several decades of proposals, the New Zealand government pursued the creation of a domestic coinage the same year. [4] The Coinage Act, 1933, outlined the weights and sizes of the six denominations of New Zealand silver coinage, defining the shilling as a coin with a weight of 5.66 grams. [5] The shilling was worth twelve pence or half a ...