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New Zealand Dollar

New Zealand Dollar Meaning:
In foreign exchange terminology, the New Zealand Dollar refers to the currency of the Realm of New Zealand is often nicknamed the Kiwi. The currency has the ISO 4217 code NZD, and it is most commonly-traded in the forex market as the base currency against the U.S. Dollar as the pair NZD/USD.

New Zealand Dollar Example:
Although New Zealand has a relatively small economy, the New Zealand Dollar nevertheless ranks among the world’s most highly-traded currencies in the forex market. The New Zealand Dollar tends to benefit due to the country’s relatively high interest rates and stable politics attracting investment interest.