What is the Currency of New Zealand? 

Whether you're planning a road trip through the fjords of the South Island or hunting down hobbits in Matamata, there's one important question that pops up before the sheep, scenery, and sauvignon blanc take centre stage: what is the currency of New Zealand? 

It’s not just something to Google the night before your flight. Knowing how the currency of New Zealand works, what it looks like, how much it’s worth, and where to get it, can save you time, money, and the odd awkward moment at the till when you accidentally try to pay with the wrong dollar. 

In this guide, we’ll walk you through everything you need to know about New Zealand currency, from its historical roots and colourful banknotes to exchange tips and where to get your hands on it before you travel. Think of it as your financial field guide to New Zealand. 

Currency in New Zealand 

So, what do Kiwis use to pay for their flat whites and fish 'n’ chips? 

The official currency in New Zealand is the New Zealand dollar, abbreviated as NZD and commonly symbolised by $. To avoid confusion with other dollars around the world (we’re looking at you, Australia, Canada, and the US), you’ll sometimes see it written as NZ$. 

It’s used across the whole of New Zealand, including the North and South Islands and smaller spots like Stewart Island and Waiheke. Whether you’re paying for a glacial helicopter ride or a scoop of hokey pokey ice cream, this is the money you’ll need. 

One of the perks? New Zealand money is among the world’s most colourful and durable, thanks to polymer notes and bold designs that celebrate the country’s unique wildlife and cultural heritage. 

New Zealand Dollar Denominations 

Now let’s take a closer look at the New Zealand currency you’ll be spending. 

New Zealand Dollar Banknotes 

New Zealand’s banknotes are beautiful and built to last. They’re made of polymer, which means they’re waterproof, hard to tear, and feel a bit like magic when you first handle them. 

The current banknote denominations are: 

• $5  

• $10  

• $20  

• $50  

• $100  

Each note includes local birds and flora, making every transaction a mini nature documentary. 

New Zealand Dollar Coins 

New Zealand also uses coins for lower denominations. These include: 

• 10 cents 

• 20 cents 

• 50 cents 

• $1 

• $2 

The coins are distinct in size and weight, and feature symbols of Kiwi culture and heritage. The $1 and $2 coins are gold-coloured and feel satisfyingly solid, like you’ve actually got some weight to your wallet. 

The History of New Zealand’s Currency  

To truly understand what the currency of New Zealand is, it helps to take a brief stroll through history. 

The New Zealand Pound 

Before the dollar days, New Zealand used the New Zealand pound, introduced in 1840, modelled after British sterling. This currency system, complete with pounds, shillings, and pence served the country for well over a century. It worked well enough but wasn’t the simplest thing to calculate on the go. 

As the world modernised, decimal systems became more common, and New Zealand started looking for a currency that would be easier to use and better aligned with international standards. 

Introduction of the New Zealand Dollar 

Enter the New Zealand dollar, which officially replaced the pound on 10 July 1967. This was more than just a currency swap, it was a leap into the future of finance. 

Decimalisation meant that $1 equalled 100 cents, making calculations faster and simpler. The change also coincided with a wider push to assert New Zealand’s distinct national identity, moving gradually away from British imperial influences. 

Since then, the New Zealand dollar has gone from strength to strength, now ranking among the top 10 most traded currencies in the world. 

Currency Exchange in New Zealand 

Whether you’re heading to Queenstown for ski season or doing the Tongariro Crossing in flip-flops (not advised), you’ll want some Kiwi cash in hand. 

Where to Buy New Zealand Dollars 

The best way to buy New Zealand currency? Before you go. 

Order New Zealand dollars online from Travelex and pay no commission, choose home delivery or click and collect from one of the convenient locations across the country, including most major airports. Or you can load New Zealand dollars onto a Travelex Money Card, powered by Mastercard for cashless convenience 

This way, you arrive prepared, no faffing with airport kiosks or ATM fees as soon as you land. 

Are Australian Dollars Accepted in New Zealand? 

In a word? No. 

While the two countries are close cousins, and their currencies look vaguely similar, Australian dollars are not accepted in New Zealand. You’ll need to swap your AUD or GBP for New Zealand dollars if you want to buy anything outside a major hotel or duty-free shop. 

Even in places that might accept AUD, the exchange rate won't be in your favour, so it’s always best to stick with local currency. 

What Countries Use the New Zealand Dollar? 

The New Zealand dollar isn’t just used in New Zealand itself. Several Pacific nations and territories also use it as their official or de facto currency. These include: 

• Cook Islands (alongside their own local coins) 

• Niue 

• Tokelau 

• Pitcairn Islands 

So if you’re venturing out into the South Pacific, you may find your New Zealand dollars still go a long way. 

Final Thoughts 

So, to answer the question: what is the currency of New Zealand? It’s the New Zealand dollar, known as NZD, and it’s every bit as sturdy, colourful, and friendly as the country itself. 

From Queenstown coffee to Auckland art galleries, you’ll need NZ dollars wherever you go. It’s a currency with history, heart, and a surprisingly large number of birds on the banknotes. 

Whether you’re after crisp cash for your carry-on or a handy pre-loaded card, we offer: 

• No commission 

• Competitive exchange rates 

• Delivery to your door or convenient click and collect 

Planning your escape to Middle Earth? Whether you’re hiking glaciers or relaxing with a local wine, make sure your travel wallet is sorted before you go.