New Zealand dollar - Wikipedia New Zealand dollar New Zealand dollar New Zealand dollar ( English ) Tāra o Aotearoa ( Māori ) $5 banknote obverse $1 coin reverse ISO 4217 Code NZD Number 554 Exponent Denominations Subunit 1 / 100 cent Symbol $ cent Nickname kiwi Banknotes $5, $10, $20, $50, $100 Coins 10 ¢, 20 ¢, 50 ¢, $1, $2 Demographics Official user ( s ) New Zealand 5 territories Cook Islands ( New Zealand ), alongside Cook Islands dollar Niue ( New Zealand ) Pitcairn Islands ( UK ) Ross Dependency ( New Zealand ) Tokelau ( New Zealand ) Unofficial user ( s ) Fiji Samoa Tonga Zimbabwe Issuance Central bank Reserve Bank of New Zealand Website www.rbnz.govt.nz Printer Note Printing Australia ( provides base polymer note material ) Website www.noteprinting.com Valuation Inflation 0.2 % ( New Zealand only ) Source Reserve Bank of New Zealand, November 2016 Pegged by Cook Islands dollar, Niue dollar and Pitcairn Islands dollar ( all at par ) The New Zealand dollar ( sign : $ ; code : NZD ) ( Māori : Tāra o Aotearoa ) is the currency and legal tender of New Zealand, the Cook Islands, Niue, the Ross Dependency, Tokelau, and a British territory, the Pitcairn Islands. Within New Zealand, it is almost always abbreviated with the dollar sign ( $ ), with `` NZ $ '' sometimes used to distinguish it from other dollar - denominated currencies. In the context of currency trading, it is often informally called the `` Kiwi '', since New Zealand is commonly associated with the indigenous bird and the one - dollar coin depicts a kiwi. Introduced in 1967, the dollar is subdivided into 100 cents. Altogether there are ten denominations -- five coins and five banknotes -- with the smallest being the 10 - cent coin. Formerly there were lower denominations, but those were discontinued due to inflation and production costs. The New Zealand dollar is consistently one of the 10 most traded currencies in the world, being approximately 2.0 % of global foreign exchange market daily turnover in 2013. Contents 1 History 1.1 Introduction 1.2 Exchange rate 2 Coins 2.1 History 2.2 Current circulating coins 3 Banknotes 3.1 History 3.2 Current circulating banknotes 4 History of NZ $ foreign exchange rates in foreign countries 5 Global foreign exchange market 6 See also 7 References 8 External links History Introduction Prior to the introduction of the New Zealand dollar in 1967, the New Zealand pound was the currency of New Zealand, which had been distinct from the pound sterling since 1933. The pound used the £ sd system, in which the pound was divided into 20 shillings and one shilling was divided into 12 pence, which by the 1950s was considered complicated and cumbersome. Switching to decimal currency had been proposed in New Zealand since the 1930s, although only in the 1950s did any plans come to fruition. In 1957, a committee was set up by the Government to investigate decimal currency. The idea fell on fertile ground, and in 1963, the Government decided to decimalise New Zealand currency. The Decimal Currency Act was passed in 1964, setting the date of transition to 10 July 1967. Words such as `` fern '', `` kiwi '' and `` zeal '' were proposed to avoid confusion with the word `` dollar '', which many people at the time associated with the United States dollar. In the end, the word `` dollar '' was chosen anyway, and an anthropomorphic dollar note cartoon character called `` Mr. Dollar '' became the symbol of transition in a huge publicity campaign. On Monday 10 July 1967 ( `` Decimal Currency Day '' ), the New Zealand dollar was introduced to replace the pound at a rate of two dollars to one pound ( one dollar to ten shillings, ten cents to one shilling, ​ ⁄ cent to a penny ). Some 27 million new banknotes were printed and 165 million new coins were minted for the changeover. Exchange rate The New Zealand dollar was initially pegged to the US dollar at US $1.43 = NZ $1. This rate changed on 21 November of the same year to US $1.12 = NZ $1 after the devaluation of the British pound ( see Bretton Woods system ), although New Zealand devalued more than the UK. In 1971 the US devalued its dollar relative to gold, leading New Zealand on 23 December to peg its dollar at US $1.216 with a 4.5 % fluctuation range, keeping the same gold value. From 9 July 1973 to 4 March 1985 the dollar 's value was determined from a trade - weighted basket of currencies. The NZ $ was floated on 4 March 1985 at the initial rate of US $0.4444. Since then the dollar 's value has been determined by the financial markets, and has been in the range of about US $0.39 to 0.88. The dollar 's post-float low was US $0.3922 on 22 November 2000, and it reached a post-float high on 9 July 2014 of US $0.8821. Much of this medium - term variation in the exchange rate has been attributed to differences in interest rates. The New Zealand dollar 's value is often strongly affected by currency trading, and is among the 10 most - traded currencies. On 11 June 2007 the Reserve Bank sold an unknown worth of New Zealand dollars for nine billion USD in an attempt to drive down its value. This is the first intervention in the markets by the Bank since the float in 1985. Two suspected interventions followed, but they were not as successful as the first : the first appeared to be initially effective, with the dollar dropping to approximately US $0.7490 from near US $0.7620. However, within little more than a month it had risen to new post-float highs, reaching US $0.8103 on 23 July 2007. After reaching its post-float record high in early 2008, the value of the NZ $ plummeted throughout much of the 2nd half of 2008 and the first quarter of 2009 as a response to the global economic downturn and flight by investors away from `` riskier '' currencies such as the NZ $. The NZ $ bottomed out at approximately US $0.50 on 6 March 2009. However, it rebounded strongly as the year progressed, reaching the US $0.75 range by November 2009. By late 2012, the dollar was holding above 80 US cents, occasionally reaching 85 ¢, prompting calls from the Green Party for quantitative easing. Unions also called on the Government and the Reserve Bank to take action, but as of February 2013 both had declined. As of early June, 2017, the NZD was trading at approximately US $0.71. Coins Main article : Coins of the New Zealand dollar History On the introduction of the dollar, coins came in denominations of 1 ¢, 2 ¢, 5 ¢, 10 ¢, 20 ¢ and 50 ¢. The 1 ¢ and 2 ¢ coins were bronze, the others were cupro - nickel. To ease transition, the 5 ¢, 10 ¢ and 20 ¢ were the same size as the sixpence, shilling and florin that they respectively replaced. Until 1970 the ten - cent coin bore the additional legend `` One Shilling ''. The obverse designs of all the coins featured Arnold Machin 's portrait of Queen Elizabeth II, with the legend ELIZABETH II NEW ZEALAND ( date ). The reverse sides of coins introduced in 1967 did not follow the designs that were originally intended for them. Those modern art and sculpture themed designs were leaked to a newspaper and met a very negative public reaction. The final releases were given more conservative designs in line with public expectations. In 1986, New Zealand adopted Raphael Maklouf 's new portrait of the Queen. The 1 ¢ and 2 ¢ coins were last minted for circulation in 1987, with collector coins being made for 1988. The coins were demonetised on 30 April 1990. The lack of 1 ¢ and 2 ¢ coins meant that cash transactions were normally rounded to the nearest 5 ¢ ( 10 ¢ from 2006 ), a process known as Swedish rounding. On 11 February 1991, aluminium - bronze $1 and $2 coins were introduced to replace existing $1 and $2 notes. In 1999, Ian Rank - Broadley 's portrait of the Queen was introduced and the legend rearranged to read NEW ZEALAND ELIZABETH II. On 11 November 2004 the Reserve Bank announced that it proposed to take the 5 ¢ coin out of circulation and to make the 50 ¢, 20 ¢ and 10 ¢ coins smaller and use plated steel to make them lighter. After a three - month public submission period that ended on 4 February 2005, the Reserve Bank announced on 31 March that it would go ahead with the proposed changes. The changeover period started on 31 July 2006, with the old coins usable until 31 October 2006. The old 50 ¢, 20 ¢, 10 ¢ and 5 ¢ pieces are now no longer legal tender, but are still redeemable at the Reserve Bank. Prior to the change over, these coins were similar, same for the legend and reverse artwork, to international ( mainly Commonwealth ) coins of the same British - derived sizes, which led to coins from other currencies, particularly older coins, being accepted by vending machines and many retailers. Current circulating coins The reverse designs of the current circulating New Zealand dollar coins. Image by Reserve Bank of New Zealand. Value Technical Parameters Description Date of issue Diameter Thickness Mass Composition Edge Obverse Reverse 10 ¢ 20.50 mm 1.58 mm 3.30 g Copper - plated steel Plain Queen Elizabeth II A Māori koruru, or carved head. 31 July 2006 20 ¢ 21.75 mm 1.56 mm 4.00 g Nickel - plated steel `` Spanish flower '' Queen Elizabeth II Māori carving of Pukaki, a chief of the Ngati Whakaue iwi between traditional koru kowhaiwhai patterns 31 July 2006 50 ¢ 24.75 mm 1.70 mm 5.00 g Plain HM Bark Endeavour and Mount Taranaki $1 23.00 mm 2.74 mm 8 g Aluminium bronze Intermittent milling Queen Elizabeth II Kiwi and silver fern 11 February 1991 $2 26.50 mm 2.70 mm 10 g Grooved Kotuku ( great egret ) Banknotes Main article : Banknotes of the New Zealand dollar History In 1967, notes were introduced in denominations of $1, $2, $5, $10, $20 and $100, with all except the $5 replacing their pound predecessors. The original series of dollar notes featured on the obverse a portrait of Queen Elizabeth II wearing Queen Alexandra 's Kokoshnik tiara, King George 's VI festoon necklace, and Queen Mary 's floret earrings, while the reverse featured native birds and plants. The notes were changed slightly in 1981 due to a change of printer ( from De La Rue to Bradbury, Wilkinson & Co. ) -- the most noticeable difference being the portrait based upon a photograph by Peter Grugeon, in which Queen Elizabeth II is wearing Grand Duchess Vladimir 's tiara and Queen Victoria 's golden jubilee necklace. The $50 note was added in 1983 to fill the long gap between the $20 and the $100 notes. $1 and $2 notes were discontinued in 1991 after being replaced with coins. A new series of notes was introduced in 1992. The obverse of each note featured a notable New Zealander, while the reverse featured a native New Zealand bird and New Zealand scenery. In 1999, polymer notes replaced the paper notes. The designs remained much the same, but were changed slightly to accommodate new security features, with the most obvious changes being the two transparent windows. New banknotes are being printed in New Zealand at the moment. The new notes are the same sizes and denominations as the older banknotes, and they will continue to be made of the same flexible plastic material. The themes of the notes remain the same, with the same respected New Zealanders, the Queen, and flora and fauna remaining central to the designs. The $5 and $10 notes were released in October 2015, with the $20, $50 and $100 notes set to release in April 2016. The old New Zealand banknotes and the new ' Brighter Money ' banknotes can be used interchangeably for the time being. Since the older banknotes were first issued in 1999, security features and the technology for designing and printing banknotes have all advanced considerably. And while counterfeiting rates in New Zealand are low compared to the rest of the world, the New Zealand public and government agree that it is in the best interest to `` stay one step ahead of the game '', hence the new notes. Current circulating banknotes New Zealand $5 note ( sixth - issue ) New Zealand $10 note ( sixth - issue ) New Zealand $20 note ( sixth - issue ) New Zealand $50 note ( sixth - issue ) New Zealand $100 note ( sixth - issue ) New Zealand 's five - dollar note has been named the banknote of the year for 2015, a `` clear winner '' among nearly 40 eligible designs from a record 20 countries. The Reserve Bank of New Zealand released the new $5 and $10 notes in October as part of its Brighter Money range. The $5 shows mountaineer Sir Edmund Hillary facing the South Island 's Aoraki / Mount Cook, and, on the other side, a rare yellow - eyed penguin and local flora. Value Main Colour Description Date of issue Obverse Reverse Watermark $5 135 mm × 66 mm Orange Sir Edmund Hillary Aoraki / Mount Cook Massey Ferguson tractor Hoiho ( yellow - eyed penguin ) Campbell Island scene Queen Elizabeth II 1999 $5 ( 1 ) 135 mm × 66 mm Orange Sir Edmund Hillary Aoraki / Mount Cook Kaokao patterning Hoiho ( yellow - eyed penguin ) Campbell Island Campbell Island Daisy The number 5 2015 $10 140 mm × 68 mm Blue Kate Sheppard White camellia flowers Whio ( blue duck ) River scene Queen Elizabeth II 1999 $10 ( 2 ) 140 mm × 68 mm Blue Kate Sheppard White camellia flowers Mangaroa ( purapura whetu ) patterning Whio ( blue duck ) with ducklings Pineapple Scrub New Zealand Kiokio The number 10 2015 $20 145 mm × 70 mm Green Queen Elizabeth II New Zealand Parliament Buildings Kārearea ( New Zealand falcon ) New Zealand alpine scene Queen Elizabeth II 1999 $20 ( 3 ) 145 mm × 70 mm Green Queen Elizabeth II New Zealand Parliament Buildings Poutama patterning Kārearea ( New Zealand falcon ) Tapuae - o - Uenuku / Mount Tapuaenuku Marlborough rock daisy The number 20 2016 $50 150 mm × 72 mm Purple Sir Āpirana Ngata Porourangi Meeting House Kōkako ( blue wattled crow ) Conifer broadleaf forest scene Queen Elizabeth II 1999 $50 ( 4 ) 150 mm × 72 mm Purple Sir Āpirana Ngata Porourangi Meeting House Poutama patterning Kōkako ( blue wattled crow ) Pureora Forest Park Sky - blue mushroom The number 50 2016 $100 155 mm × 74 mm Red Lord Rutherford of Nelson Nobel Prize medal Mohua ( yellowhead ) South Island lichen moth ( Declana egregia ) Beech forest scene Queen Elizabeth II 1999 $100 ( 5 ) 155 mm × 74 mm Red Lord Rutherford of Nelson Nobel Prize medal Whakaaro Kotahi patterning Mohua ( yellowhead ) South Island lichen moth ( Declana egregia ) Eglinton Valley ( in Fiordland National Park ) The number 100 2016 History of NZ $ foreign exchange rates in foreign countries With the breakdown of the Bretton Woods system in 1971, both Australia and New Zealand converted the mostly - fixed foreign exchange regimes to a moving peg against the US dollar. In September 1974, Australia moved to a peg against a basket of currencies called the trade weighted index ( TWI ) in an effort to reduce fluctuations associated with its peg to the US dollar. The peg to the TWI was changed to a moving peg in November 1976, causing the actual value of the peg to be periodically adjusted. Since the late 1990s, and certainly since the end of the Cold War the US dollar has had less and less overall influence over the value of both the NZ $ and A $ against other currencies. Current NZD exchange rates From Google Finance : AUD CAD CHF EUR GBP HKD JPY USD INR CNY From Yahoo ! Finance : AUD CAD CHF EUR GBP HKD JPY USD INR CNY From XE : AUD CAD CHF EUR GBP HKD JPY USD INR CNY From OANDA : AUD CAD CHF EUR GBP HKD JPY USD INR CNY From fxtop.com : AUD CAD CHF EUR GBP HKD JPY USD INR CNY Global foreign exchange market Most traded currencies by value Currency distribution of global foreign exchange market turnover Rank Currency ISO 4217 code ( symbol ) % daily share ( April 2016 ) United States dollar USD ( US $ ) 87.6 % Euro EUR ( € ) 31.4 % Japanese yen JPY ( ¥ ) 21.6 % Pound sterling GBP ( £ ) 12.8 % 5 Australian dollar AUD ( A $ ) 6.9 % 6 Canadian dollar CAD ( C $ ) 5.1 % 7 Swiss franc CHF ( Fr ) 4.8 % 8 Renminbi CNY ( 元 ) 4.0 % 9 Swedish krona SEK ( kr ) 2.2 % 10 New Zealand dollar NZD ( NZ $ ) 2.1 % 11 Mexican peso MXN ( $ ) 1.9 % 12 Singapore dollar SGD ( S $ ) 1.8 % 13 Hong Kong dollar HKD ( HK $ ) 1.7 % 14 Norwegian krone NOK ( kr ) 1.7 % 15 South Korean won KRW ( ₩ ) 1.7 % 16 Turkish lira TRY ( ₺ ) 1.4 % 17 Russian ruble RUB ( ₽ ) 1.1 % 18 Indian rupee INR ( ₹ ) 1.1 % 19 Brazilian real BRL ( R $ ) 1.0 % 20 South African rand ZAR ( R ) 1.0 % Other 7.1 % Total 200.0 % 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 of 11th. Trading in the currency has climbed steadily since the same survey in 1998 when the NZD 's ranking was 17th and the share of turnover was just 0.2 %. See also Economy of New Zealand Cook Islands dollar History of Chatham Islands numismatics Postal orders of the Chatham Islands Postal orders of New Zealand Pitcairn Islands dollar Australian dollar References Jump up ^ `` New Zealand Dollar ( NZD ) Profile Foreign Exchange Conversion - Money Calculator ''. currency7.com. Retrieved 6 February 2017. Jump up ^ Jazial Crossley ( 2012 - 03 - 12 ). `` Currency Kiwi Follows Aussie Dollar Down ''. Stuff.co.nz. Retrieved 2012 - 05 - 23. ^ Jump up to : `` Triennial Central Bank Survey, April 2013 '' ( PDF ). Triennial Central Bank Survey. Bank for International Settlements. Retrieved 25 March 2014. ( pg. 10 of PDF ) Jump up ^ `` Explaining New Zealand 's currency '' ( PDF ). Reserve Bank of New Zealand. Archived from the original ( PDF ) on 12 July 2013. Retrieved 17 August 2010. Jump up ^ `` Decimal Currency Act 1964 No 27 ( as at 01 February 1990 ), Public Act Contents -- New Zealand Legislation ''. www.legislation.govt.nz. Retrieved 6 February 2017. ^ Jump up to : `` New Zealand adopts decimal currency ''. nzhistory.govt.nz. Ministry for Culture and Heritage. 10 January 2017. Retrieved 6 February 2017. Jump up ^ `` New Zealand dollar ''. Global Exchange. Retrieved 6 February 2017. Jump up ^ The Film Archive. `` Decimal Currency, Mr. Dollar ''. Retrieved 8 March 2012. Jump up ^ New Zealand official yearbook. 72. New Zealand Department of Statistics. 1967. p. 1126. Retrieved 6 February 2017. Jump up ^ Global Financial Data. `` New Zealand Dollar ( USD per NZD ) ''. Retrieved 21 May 2007. Jump up ^ Victoria Batchelor and Chris Young, Cullen Says N.Z. Dollar Has ' Peaked, ' Expects Decline ( Update1 ) 2 August 2007 Bloomberg ( access date 10 February 2008 ) ^ Jump up to : 23, 8 May : 00PM GMT. `` New Zealand Dollar : CURRENCY : NZD quotes & news - Google Finance ''. Google.com. Retrieved 2012 - 05 - 23. Jump up ^ `` Greens call for quantitative easing ''. 3 News NZ. 7 October 2012. Jump up ^ `` Labour sees merit in Green call to print cash ''. NZ Herald. 8 October 2012. Jump up ^ `` Govt rejects call to print money ''. 3 News NZ. 27 October 2012. Jump up ^ http://www.xe.com/currencytables/?from=NZD&date=2017-06-01 ^ Jump up to : History of New Zealand Coinage Archived 23 January 2009 at the Wayback Machine., Reserve Bank of New Zealand. Accessed 4 April 2009. Jump up ^ Tim Watkin, Figure of unity, NZ Listener, 13 -- 19 November 2004, Vol 196, No 3366. Accessed 14 June 2007. ^ Jump up to : Linzmayer, Owen ( 2012 ). `` New Zealand ''. The Banknote Book. San Francisco, CA : www.BanknoteNews.com. ^ Jump up to : http://www.brightermoney.co.nz/ Jump up ^ `` Triennial Central Bank Survey Foreign exchange turnover in April 2016 '' ( PDF ). Triennial Central Bank Survey. Basel, Switzerland : Bank for International Settlements. 11 December 2016. p. 7. Retrieved 22 March 2017. Jump up ^ The total sum is 200 % because each currency trade always involves a currency pair. External links ANZ New Zealand -- View the current exchange rate graphs of NZ $ / inr Reserve bank of New Zealand - Money issuing Authority Historical New Zealand Trading bank notes -- Old extremely rare banknotes of New Zealand Images of historic and modern New Zealand bank notes Current and historical banknotes of New Zealand ( in English ) ( in German ) Preceded by : New Zealand pound Reason : decimalisation Ratio : 2 dollars = 1 pound Currency of New Zealand 10 July 1967 -- Succeeded by : Current Economy of New Zealand History Head tax, 1881 IC&A Act, 1894 Wool boom, 1951 Black Budget, 1958 Think Big, 1979 -- 84 Rogernomics, 1984 -- 90 Ruthanasia, 1990 -- 93 Mother of all Budgets, 1991 Leaky homes crisis, 2000s Finance company collapses, 2006 -- 12 Currency New Zealand dollar Dollar banknotes twenty Dollar coins one Twenty - cent coin New Zealand pound Government Taxation New Zealand Treasury New Zealand budget New Zealand Trade and Enterprise Reserve Bank of New Zealand Official Cash Rate Overseas Investment Office Commerce Commission KiwiSaver Industry Agriculture New Zealand Meat Producers Board New Zealand Dairy Board New Zealand Wool Board Beer Fishing Aquaculture Whaling Forestry Woodchipping Kauri gum Licensing trust Mining Tourism Wine Economic conditions Social class Income Poverty International rankings Agreements Closer Economic Relations Free trade agreements Malaysia China Trans - Pacific Strategic Economic Partnership Australian and New Zealand Standard Industrial Classification Unions and lobbyists Campaign Against Foreign Control of Aotearoa New Zealand Business Roundtable New Zealand Council of Trade Unions The New Zealand Institute Currencies named dollar or similar Circulating Australian dollar Bahamian dollar Barbadian dollar Belize dollar Bermudian dollar Brunei dollar Canadian dollar Cayman Islands dollar Cook Islands dollar Eastern Caribbean dollar Fijian dollar Guyanese dollar Hong Kong dollar Jamaican dollar Kiribati dollar Liberian dollar Namibian dollar New Zealand dollar Samoan tālā Singapore dollar Solomon Islands dollar Surinamese dollar New Taiwan dollar Trinidad and Tobago dollar Tuvaluan dollar United States dollar Circulating, but renamed Chinese yuan Ethiopian birr Malaysian ringgit Obsolete Antigua dollar British Columbia dollar British North Borneo dollar British West Indies dollar Ceylonese rixdollar Confederate States dollar Continental dollar Danish rigsdaler Danish West Indian daler Danish West Indian rigsdaler Dominican dollar Dutch rijksdaalder Greenlandic rigsdaler Grenadan dollar Hawaiian dollar Japanese occupation dollar Kiautschou dollar Malaya and British Borneo dollar Malayan dollar Mauritian dollar Mongolian dollar Nevisian dollar New Brunswick dollar Newfoundland dollar Norwegian rigsdaler Norwegian speciedaler Nova Scotian dollar Penang dollar Prince Edward Island dollar Puerto Rican dollar Rhodesian dollar Saint Kitts dollar Saint Lucia dollar Saint Vincent dollar Sarawak dollar Sierra Leonean dollar Slovenian tolar Spanish dollar Straits dollar Sumatran dollar Swedish riksdaler Old Taiwan dollar Texas dollar Trinidadian dollar Tobagan dollar Zimbabwean dollar Noncirculating Marshall Islands dollar Nauru dollar Niue dollar Palau dollar Pitcairn Islands dollar Conceptual Eurodollar Petrodollar Geary -- Khamis dollar Virtual Linden dollar Project Entropia Dollar Fictional Angus Bucks Private Antarctican dollar Arizona dollar Calgary dollar Canadian Tire money Disney dollar Liberty dollar Salt Spring dollar Toronto dollar Bristol Pound See also Dollar sign Half dollar Holey dollar Thaler Tolar Trade dollar Zimbabwean bond coins Zimbabwean bond notes Currencies of Oceania Australia Australian dollar ( Norfolk Island ) Melanesia CFP franc ( New Caledonia ) Fijian dollar Papua New Guinean kina Solomon Islands dollar Vanuatu vatu Micronesia Australian dollar ( Kiribati, Nauru ) Kiribati dollar U.S. dollar ( Guam, Federated States of Micronesia, Marshall Islands, Northern Mariana Islands, Palau, United States Minor Outlying Islands ) Polynesia Australian dollar ( Tuvalu ) CFP franc ( French Polynesia, Wallis and Futuna ) Chilean peso ( Easter Island ) Cook Islands dollar New Zealand dollar ( Cook Islands, Niue, Pitcairn Islands, Tokelau ) Pitcairn Islands dollar Samoan tālā Tongan paʻanga Tuvaluan dollar U.S. dollar ( American Samoa, Hawaii ) New Zealand currency Coins 10 ¢ 20 ¢ 50 ¢ $1 $2 Banknotes $5 $10 $20 $50 $100 Withdrawn Coins : 1 ¢ 2 ¢ 5 ¢ Banknotes : $1 $2 Historic ( before 1967 ) Pound sterling ( UK ) New Zealand pound Related topics Banks : Reserve Bank of New Zealand Currencies : AUD, NZD Transactions : Swedish rounding Retrieved from `` https://en.wikipedia.org/w/index.php?title=New_Zealand_dollar&oldid=838615464 '' Categories : ISO 4217 Dollar Currencies of Oceania Circulating currencies Currencies of the Commonwealth of Nations Currencies of New Zealand Currencies of British Overseas Territories Currency introduced in 1967 1967 in New Zealand Currencies of the Cook Islands Hidden categories : All articles with dead external links Articles with dead external links from February 2018 Articles with permanently dead external links All articles with failed verification Articles with failed verification from January 2011 Webarchive template wayback links Use New Zealand English from March 2013 All Wikipedia articles written in New Zealand English Use dmy dates from March 2011 Articles containing explicitly cited English - 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Question: when did new zealand change to decimal currency
Answer: 1963