New Zealand Dollars is the currency of New Zealand and its Currency code (NZD). It was first introduced in 1967, replacing the New Zealand Pound. Since then it has been used as a medium of exchange for goods and services within the country. The value of NZD fluctuates relative to other major currencies due to market forces like supply and demand, political stability, economic growth or decline, inflation rates etc.The Reserve Bank of New Zealand issues banknotes in denominations from $5 up to $100 with coins ranging from 10 cents up to two dollars. All notes feature portraits of famous personalities associated with the history or culture such as Sir Edmund Hillary who was one half responsible for conquering Mount Everest along with Sherpa Tenzing Norgay in 1953; Katherine Mansfield who is considered one if not 'the' most important short story writers produced by this nation; And Māori chiefs Te Rauparaha & Tamehana Taiporutu on separate notes too!In terms of international useage NZD can be exchanged at banks around many parts fo world including Australia where there are numerous branches that offer competitive exchange rates when compared against other countries’ currencies such as US Dollar (USD) , Euro(EUR), Japanese Yen (JPY) etc . Additionally online money transfer companies also provide an easy way for people living abroad send money home without having go through lengthy bureaucratic processes which may take days if not weeks before funds arrive safely into recipient's account.
