Course NZD(New Zealand Dollar)-CAD(Canadian Dollar) for today
Quotes NZD/CAD for today .
New Zealand Dollar
Introduced in 1840, the New Zealand Pound was the first official currency of New Zealand. Until that point, both British and Australian coins circulated in New Zealand, and continued to do so until 1897. The Pound banknotes were produced by the six different trading banks until 1924, when a single uniform design was implemented. A decade later, the Reserve Bank of New Zealand was established.
- Central bank: The Reserve Bank of New Zealand
- The New Zealand dollar (also called the kiwi) replaced the New Zealand pound in 1967.
- In the past two decades New Zealand has transformed from an agrarian economy to a globally competitive, industrialized, free market economy.
- New Zealand exports include dairy products, meat, wood and wood products, fish, and machinery.
- The New Zealand dollar is among the 10 most-traded currencies.
Importance of the Canadian Dollar The Canadian Dollar is the seventh-most traded currency on the Forex market, as many institutions and individuals trade the CAD. People also refer to the CAD as the Loonie, buck, Huard, and Piastre (in French). The Canadian Dollar is held as a reserve currency by a number of central banks. It is also known as a commodity currency, due to the country's substantial raw material exports.
- Central bank: The Bank of Canada
- The Canadian dollar (CAD) is also known as the loonie.
- The CAD is called a “commodity currency” because Canada is a world leader in resource exports: oil, lumber, fish, food, and many types of minerals—copper, nickel, potash, uranium, gold.
- Canada usually has a modest trade surplus, with 70% of its exports going to the U.S.