The New Zealand dollar is principally the currency of the nation of New Zealand. It is also the currency for the wider Realm of New Zealand which incorporates additional islands and territories on the Cook Islands, Tokelau and Niue.
Like most dollar currencies it is known simply by its symbol ($) within New Zealand but to set it apart from other dollar currencies around the world it is written NZ$ outside of the country or the ISO code NZD is used. In currency trading it is informally known as the Kiwi and the New Zealand dollar is currently in the top ten most traded currencies in the world. Despite being a dollar-based currency the New Zealand dollar features Queen Elizabeth II on its notes and coins. As a very popular currency and one which is recognised as significant on the foreign exchange, it is also accepted at many online casinos. Many larger casino operators provide the option of playing in New Zealand dollars.
The History of the New Zealand Dollar
Before the New Zealand dollar was introduced, New Zealanders had the New Zealand pound in place, which differed in value from both the Great British Pound and the Australian Pound. When the country switched to decimalised currency they decided to change the name of the currency. Options such as kiwi were suggested so they were distinguished from the American dollar but in 1967, on 10th July they chose to go with the New Zealand dollar. This day was recognised in New Zealand’s history as Decimal Currency Day and it saw one single old New Zealand pound becoming the equivalent of two New Zealand dollars.
There have been several updates to currency and coinage since decimalisation. With the introduction of aluminium-bronze $1 and $2 coins in 1991 and the removal of the 5c coin from circulation, with the old coins no longer usable from October 2006.
The original set of banknotes produced in 1967 included $1, $2, $5, $10, $20 and $100 and featured a combination of images of the Queen and also notable New Zealanders and New Zealand scenery. In 1983 $50 was also added. In 1991 with the phasing in of $1 and $2 coins, the notes were taken out of circulation.
There have been new notes produced and put into circulation by the New Zealand Bank in the last year as there was a clear need for security and technological updates to ensure the currency remained safe from fraud and as up to date as banknotes from other nations around the world.
New Zealand Dollar Exchange Rates
A single New Zealand dollar exchanged today would be worth approximately £0.70 or $0.49. Alternatively, £1 is the equivalent of approximately 2NZD and $1 is the equivalent of $1.41.
As a highly popular and well-recognised currency, it is clear why many online casinos include the New Zealand dollar in their offering. You can explore the casinos currency giving players the opportunity to make deposits and withdrawals in New Zealand dollars below.
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