This defines the value of a New Zealand Dollar against American Dollars. The NZD concludes the first ten currencies most-traded in the world and its share amounted to 1.6 percent in 2010, meaning a decrease of 0.3% since 2010. The USD on the other hand, is the most widespread currency and represents 84.9% of the turnover on global currency markets.
The market with the currency pair NZD/USD reacts to the economic situation in both countries.
New Zealand depends on business activity mainly with Australia, US, China, Japan, and other Asian countries. New Zealand economy is supported by international trade, with tourism and the service industry being important factors. In 1967, the New Zealand Pound was replaced with the New Zealand Dollar. The country is an active exporter of agricultural products such as wool and other mineral fuel and crude oil.