Release alerts
Get NZD Currency in Circulation alerts
Enter an email and FXMacroData will notify you when selected official-source macro releases are published.
New Zealand Currency in Circulation
Currency in circulation for New Zealand measures the total value of banknotes and coins held outside the central bank and the commercial banking system. It is the most liquid component of the money supply.
- Latest
- --
- Reference date
- --
- Previous
- --
- Change
- --
Why Currency in Circulation matters for NZD
Changes in currency in circulation reflect cash demand patterns, including hoarding behaviour during crises or seasonal spending surges. Unusual increases can precede inflationary episodes.
How to interpret this series
Sustained rapid growth in currency in circulation is a liquidity signal. In periods of stress, a surge in cash holdings reduces bank deposits and can tighten financial conditions.
Historical Currency in Circulation
Source: National Statistics Office. Cadence: Monthly. Unit: NZD mn. History from 2016-12-31 (9.5 years).
Recent announcements
Each release gets a durable child page so data, forecast, previous value, and raw fields can be cited directly.
Related New Zealand indicators
Move to adjacent releases in the same macro category.
Broad Money (M3)
M1 + savings + term deposits. RBNZ column A+B (broadest aggregate).
M2 Money Supply
M1 + savings deposits (on-call). RBNZ derived: column A + B1.
Narrow Money (M1)
Currency in circulation + transaction deposits. RBNZ column A.
Savings Deposits
On-call savings deposits. M2 incremental component B1.
Term Deposits
Fixed-term deposits. M3 incremental component B2.
Total Domestic Credit
Net credit to central government + private sector credit. RBNZ column C+D.
Transaction Deposits
Demand deposits. M1 sub-component A2.
Common questions
Editorial context for readers and AI agents using this page as a cited country indicator source.
How often is New Zealand Currency in Circulation updated?
Currency in Circulation for New Zealand is released on a monthly schedule by Reserve Bank of New Zealand (or the relevant national statistics agency). FXMacroData ingests each new value within seconds of the official publication and exposes the exact announcement timestamp on every record.
What unit is Currency in Circulation reported in?
The series is published in NZD mn. The exact unit is also returned on every API response under the indicator metadata.
Where does FXMacroData source New Zealand Currency in Circulation data?
Data is fetched directly from Reserve Bank of New Zealand or the official national statistics publication for New Zealand. The source URL is preserved on every announcement record so downstream consumers can trace the value back to its primary release.
How do I query Currency in Circulation for New Zealand via the API?
Issue a GET request to /api/v1/announcements/nzd/money_supply_currency?api_key=YOUR_API_KEY. The response contains a chronological list of observations with values, release dates, and announcement timestamps. USD announcement data is public; other currencies require a Professional API key.