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Among OECD nations, New Zealand has a highly efficient and strong social security system; social expenditure stood at roughly 19.4% of GDP. [24] [25] [26] Economy of New Zealand by sector and organisation type. New Zealand's diverse economy is made up of various types of informal and formal organisations, divided between the public and private ...
LONDON (Reuters) -Trend-following hedge funds took a hit from their bets on the New Zealand dollar and Japanese stocks and bonds in August, when global markets were rattled by extreme volatility ...
The New Zealand dollar contributes greatly to the total global exchange market—far in excess of New Zealand's relative share of population or global GDP. According to the Bank for International Settlements , the New Zealand dollar's share of global foreign exchange market daily turnover in 2016 was 2.1% (up from 1.6% in 2010) giving it a rank ...
The 10 largest trading partners of New Zealand with their total trade (sum of imports and exports) in millions of New Zealand dollars and the total trade for all countries for the 2023 calendar year were as follows: [1] [2] [3] [4]
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.
In macroeconomics, hard currency, safe-haven currency, or strong currency is any globally traded currency that serves as a reliable and stable store of value.Factors contributing to a currency's hard status might include the stability and reliability of the respective state's legal and bureaucratic institutions, level of corruption, long-term stability of its purchasing power, the associated ...
New Zealand Dollar: Reserve Bank of New Zealand: Dollarized Easter Island: Chilean Peso: Central Bank of Chile: Chilean territory Fiji: Fiji Dollar: Reserve Bank of Fiji French Polynesia: Pacific Franc: Institut d'émission d'Outre-Mer: Pegged to Euro Guam: US Dollar: Federal Reserve: US territory Hawaii: US Dollar: Federal Reserve: US state ...
Prior to 1985 the New Zealand dollar was controlled centrally by the Reserve Bank of New Zealand at an exchange rate fixed to the United States dollar.In early 1984 the Deputy Governor of the Reserve Bank, Roderick Deane, became concerned that the New Zealand dollar had become significantly overvalued and was vulnerable to currency speculation on the financial markets in the event of a ...