Currency in Circulation by Country
Latest released Currency in Circulation value for every supported currency, with the previous reading, the change between releases, reference date, frequency, unit, and source.
/api/v1/announcements/{currency}/money_supply_currency. Non-USD endpoints require an API key query parameter.| Country / Currency | Latest | Previous | Change | Reference | Frequency | Unit | Source |
|---|---|---|---|---|---|---|---|
|
New Zealand
NZD · New Zealand Dollar
|
9,047
31 Mar 2026
|
9,074
28 Feb 2026
|
▼ -27 | 31 Mar 2026 | Monthly | NZD millions | RBNZ |
What is Currency in Circulation?
Currency in circulation is the volume of physical banknotes and coins held outside the banking system — the most narrow and most tangible component of the money supply.
Why it matters for FX
Currency in circulation grows with nominal economic activity and shrinks slowly relative to digital money. Sharp deviations can signal cash hoarding (during banking-system stress) or rapid digitisation. It is a slow-moving but useful structural indicator.
How to read this page
Watch year-over-year growth and compare to nominal GDP. Episodes of sustained acceleration are typically signs of hoarding behaviour during stress periods.
What to watch for
- Year-over-year growth vs nominal GDP
- Spikes during banking or political stress
- Long-term digitisation trend
- Tax-driven seasonality
- Currency-to-deposit ratio shifts