1 Euro to New Zealand Dollars

Find the daily exchange rates for EUR/NZD and for all the top World currencies.

Countries That Use Euro (EUR) as their official currency

The Euro (EUR) is used as the main currency in the following countries: Akrotiri and Dhekelia, Andorra, Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Kosovo, Latvia, Luxembourg, Malta, Monaco, Montenegro, Portugal, San Marino, Slovakia, SloveniaSpain, Vatican City, Netherlands

Countries That Use New Zealand Dollar (NZD) as their official currency

The New Zealand Dollar (New Zealand Dollar) is used as the main currency in the following countries: Cook Islands, New Zealand, Niue, Pitcairn Islands

About The Euro (NZD)

The NZD - New Zealand Dollar - is the official currency of New Zealand, as well as the Cook Islands, Niue, Tokelau, and the Pitcairn Islands. The New Zealand Dollar is symbolized by '$' or 'NZ$' to distinguish it from other dollar-denominated currencies and is abbreviated as 'NZD.' It is also colloquially known as the 'Kiwi Dollar,' in reference to the kiwi bird, a national symbol of New Zealand. The NZD is subdivided into 100 cents and plays a crucial role in supporting the country's diverse economy, known for its agriculture, tourism, and services sectors.

The New Zealand Dollar was introduced in 1967, replacing the New Zealand Pound at a rate of two dollars per pound as part of a move towards decimalization. This transition aligned New Zealand's currency system with many other countries that had already adopted decimal-based systems. Since its introduction, the NZD has evolved to become one of the most traded currencies in the world, particularly among commodity-linked currencies. The strength of the New Zealand Dollar reflects the country’s economic resilience, stable financial system, and strong trade relationships with major economies, particularly Australia, China, and the United States.

The Reserve Bank of New Zealand (RBNZ) is the central bank responsible for issuing the New Zealand Dollar and managing the country's monetary policy. Established in 1934, the RBNZ plays a key role in maintaining price stability, managing inflation, and promoting sustainable economic growth. The central bank sets interest rates and oversees the financial system to ensure that the NZD remains stable and trusted. The NZD is a free-floating currency, with its value determined by supply and demand in the global foreign exchange market. The Reserve Bank also intervenes in the forex market when necessary to stabilize the currency during periods of excessive volatility.

The New Zealand Dollar is issued in both coin and banknote forms. Coins are available in denominations of 10, 20, and 50 cents, as well as 1 and 2 dollars. Banknotes are issued in denominations of 5, 10, 20, 50, and 100 dollars. The banknotes feature notable figures from New Zealand’s history, including Sir Edmund Hillary, the first person to reach the summit of Mount Everest, and Kate Sheppard, a leader in the women's suffrage movement. The reverse sides of the banknotes include imagery depicting New Zealand's unique flora, fauna, and natural landmarks, such as the yellow-eyed penguin and Mount Cook. The banknotes are made from polymer and include advanced security features, making them durable and resistant to counterfeiting.

New Zealand’s economy is diverse and heavily reliant on agriculture, with key exports including dairy, meat, and wine. Tourism is also a major contributor to the economy, with millions of visitors attracted each year by New Zealand's breathtaking landscapes, adventure activities, and rich cultural heritage. The New Zealand Dollar plays an essential role in supporting these industries, facilitating both domestic trade and international exports. The NZD is often influenced by global commodity prices, particularly dairy, as New Zealand is one of the world’s largest dairy exporters. Its value is also impacted by economic data, interest rate decisions, and global trade dynamics.

The New Zealand Dollar is used throughout New Zealand for all types of transactions, from everyday purchases at local markets to large business transactions in major cities like Auckland and Wellington. Tourists visiting New Zealand will use the NZD for their travel expenses, including exploring popular destinations like Milford Sound, Rotorua’s geothermal wonders, and the vibrant city life of Queenstown. The NZD serves as a practical currency for day-to-day life and a symbol of New Zealand’s natural beauty, cultural identity, and economic independence.

Despite being a relatively small economy, New Zealand has a significant place in global trade, and the New Zealand Dollar is an important part of the international financial system. The country’s stable political environment, transparent regulatory framework, and emphasis on sustainability have helped the NZD maintain its value and attractiveness to investors. As New Zealand continues to develop its economy, with a focus on innovation, green energy, and sustainable growth, the New Zealand Dollar remains a symbol of the country's resilience, progress, and commitment to maintaining a prosperous and open economy.

About The Euro (EUR)

The EUR - Euro - is the official currency of the Eurozone, which consists of 20 of the 27 member states of the European Union (EU). It is symbolized by '€' and is abbreviated as 'EUR.' The Euro is the second most traded currency in the world, after the US Dollar, and is used by over 340 million people across Europe. The Euro plays a crucial role in unifying European economies, promoting trade, and providing financial stability across the member nations. The name 'Euro' was officially adopted in 1995, and the currency was introduced in 1999 for electronic transactions, with physical banknotes and coins entering circulation in 2002.

The introduction of the Euro marked a significant step toward European integration, enabling easier trade and travel between member countries. It replaced national currencies such as the Deutsche Mark, French Franc, Italian Lira, and Spanish Peseta, among others. The adoption of a single currency aimed to eliminate exchange rate fluctuations, reduce transaction costs, and strengthen economic ties within the European Union. The Euro is managed by the European Central Bank (ECB), which works alongside the national central banks of the Eurozone countries to formulate and implement monetary policy, maintain price stability, and support economic growth.

The Euro is issued in both coin and banknote forms, each of which is uniform across the Eurozone. Coins are available in denominations of 1, 2, 5, 10, 20, and 50 cents, as well as 1 and 2 Euro coins. Each coin has a common European design on one side and a country-specific design on the other, reflecting both unity and the unique national identities of the member countries. Banknotes are issued in denominations of 5, 10, 20, 50, 100, 200, and 500 Euros, although the 500 Euro note is being gradually phased out due to concerns over its use in illegal activities. The banknotes feature architectural styles from different periods of European history, symbolizing openness, cooperation, and progress across the continent.

The Euro plays a key role in international trade, not only within Europe but globally. Many countries outside of the Eurozone use the Euro as an anchor currency or hold significant reserves of it due to its stability and importance in global finance. The Euro's value is influenced by a wide range of factors, including monetary policy decisions by the ECB, economic data from major Eurozone countries, political stability, and international trade dynamics. The Eurozone's collective economic strength, which includes major economies like Germany, France, Italy, and Spain, helps to sustain the Euro's position as a dominant global currency.

The Euro is used in everyday transactions across the Eurozone, from buying groceries in local markets to paying for services and travel across borders. Tourists traveling throughout Europe benefit significantly from the Euro, as it eliminates the need for currency exchange between member states, making travel and commerce more convenient. The adoption of the Euro has helped create a sense of shared European identity and has made it easier for citizens to work, live, and study across different countries within the Eurozone.

Despite its many benefits, the Euro has faced challenges since its introduction, particularly during the European debt crisis of the early 2010s, which exposed the difficulties of having a shared currency without full fiscal integration. The crisis led to the introduction of stricter fiscal rules and the establishment of financial safety nets, such as the European Stability Mechanism (ESM), to support struggling economies and maintain financial stability. The Euro has since demonstrated its resilience, adapting to economic challenges and continuing to serve as a symbol of European unity, cooperation, and economic strength.

Today, the Euro remains a vital part of the global financial system, representing not only the economic power of the Eurozone but also the vision of a united Europe. It stands as a testament to the collective aspirations of the member nations to foster economic growth, enhance cooperation, and ensure financial stability for all. The Euro is more than just a currency; it is a powerful symbol of European solidarity and integration, embodying the ideals of a continent that values openness, progress, and shared prosperity.

Euro (EUR) Frequently Used Conversions