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New Zealand Dollar (NZD)

New Zealand — Reserve Bank of New Zealand

New Zealand dollar — high-beta commodity currency tied to dairy, agriculture, and global risk.

FX Session:
Sydney
NZD/USD
0.56775
NZD/USD Exchange Rate
NZD country and API coverage
Tracked indicators 37

Catalogue entries available for this market.

Published latest rows 8

Indicators with recent values loaded for this page.

Source groups 6

Publisher groups represented in coverage metadata.

Primary FX pair NZD/USD

Displayed with the chart and linked market workflows.

NZD currency market profile

Core identifiers, trading context, and product links for New Zealand coverage.

Currency code NZD

New Zealand Dollar

Policy institution Reserve Bank of New Zealand

Primary central-bank or monetary authority reference.

Primary USD pair NZD/USD

Fast path into the FX pair dashboard and market profile.

Trading session Sydney

Approximate primary liquidity window used across FXMacroData pages.

Symbol NZ$

Display symbol used in product surfaces.

Also known as kiwi

Common market shorthand where available.

New Zealand macro brief

The highest-signal pages for New Zealand include Central Bank Policy Rate, Inflation Rate (CPI/HICP), Core Inflation, Gross Domestic Product (GDP) Growth, with each page linking back to the source metadata, release history, and API endpoint.

The New Zealand dollar (NZD), nicknamed the 'kiwi', is the official currency of New Zealand and several Pacific dependencies. It is one of the smaller G10 currencies but is among the most traded thanks to its role as a high-yielding commodity proxy.

The Reserve Bank of New Zealand (RBNZ) Monetary Policy Committee sets the Official Cash Rate (OCR) seven times per year. The RBNZ has a 1–3% CPI inflation target with a midpoint of 2%, and four of its decisions each year are accompanied by a Monetary Policy Statement.

What to watch
  • RBNZ OCR decision and Monetary Policy Statement.
  • Quarterly CPI from Stats NZ.
  • Monthly Stats NZ dairy export values and GDT dairy auctions.
  • Quarterly Household Labour Force Survey.
  • China activity and AUD/NZD cross.
Economic Indicators
Indicator Latest Previous Change Date Data starts
Policy Rate 3.25 3.0 +0.25 2025-07-09 2018-01-03
Inflation 2.7 3.0 -0.30 2025-06-30 2015-03-31
Core Inflation 2.7 2.7 0.00 2025-06-30 2015-03-31
Gdp 71.907 72.694 -0.79 2025-06-30 2000-03-31
Unemployment 5.2 5.3 -0.10 2025-06-30 2000-03-31
Trade Balance 2637.0 -3457.0 +6094.00 2025-06-30 2000-03-31
Retail Sales 617264.0 620337.0 -3073.00 2025-06-30 2016-12-31
Ppi 2.7 3.0 -0.30 2025-06-30 2015-03-31
NZD API docs and available data

This replaces the separate currency API hub. Search the full NZD catalogue, then open detailed endpoint docs for any published indicator.

Economy 9 endpoints

Core Inflation

CPI excluding volatile items like food and energy.

Quarterly %YoY National Statistics Office
Data starts 2015-03-31 Latest available 2026-03-31
/api/v1/announcements/nzd/core_inflation
Endpoint docs Indicator overview

Current Account Balance

Measures trade in goods and services and income flows.

Quarterly NZD mn Stats NZ
Data starts 2015-03-31 Latest available 2026-03-31
/api/v1/announcements/nzd/current_account_balance
Endpoint docs Indicator overview

Dairy Exports

Monthly New Zealand dairy export value from official Stats NZ overseas merchandise trade HS10 export data.

Monthly NZD mn Stats NZ
Data starts 2015-01-31 Latest available 2026-05-31
/api/v1/announcements/nzd/dairy_exports
Endpoint docs Indicator overview

Gross Domestic Product (GDP) Growth

GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.

Quarterly NZD bn Stats NZ
Data starts 2000-03-31 Latest available 2026-03-31
/api/v1/announcements/nzd/gdp
Endpoint docs Indicator overview

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Quarterly %YoY Stats NZ
Data starts 2015-03-31 Latest available 2026-03-31
/api/v1/announcements/nzd/inflation
Endpoint docs Indicator overview

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Quarterly %YoY Stats NZ
Data starts 2015-03-31 Latest available 2026-03-31
/api/v1/announcements/nzd/ppi
Endpoint docs Indicator overview

Retail Sales

Measures change in the total value of sales at the retail level.

Quarterly NZDm Stats NZ
Data starts 2016-12-31 Latest available 2026-04-30
/api/v1/announcements/nzd/retail_sales
Endpoint docs Indicator overview

Trade Balance

The difference between the value of a country's exports and imports.

Monthly NZD mn Stats NZ
Data starts 2000-03-31 Latest available 2026-03-31
/api/v1/announcements/nzd/trade_balance
Endpoint docs Indicator overview

Trade-Weighted Index (NEER)

Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.

Monthly Index (2020=100) RBNZ
Data starts 2015-01-31 Latest available 2026-05-31
/api/v1/announcements/nzd/trade_weighted_index
Endpoint docs Indicator overview
Labor Market 5 endpoints

Employment Level

Total number of employed persons.

Quarterly Persons Stats NZ
Data starts 2000-03-31 Latest available 2026-03-31
/api/v1/announcements/nzd/employment
Endpoint docs Indicator overview

Full-Time Employment

Number of persons employed full-time.

Quarterly Persons Stats NZ
Data starts 2000-03-31 Latest available 2026-03-31
/api/v1/announcements/nzd/full_time_employment
Endpoint docs Indicator overview

Part-Time Employment

Number of persons employed part-time.

Quarterly Persons Stats NZ
Data starts 2000-03-31 Latest available 2026-03-31
/api/v1/announcements/nzd/part_time_employment
Endpoint docs Indicator overview

Labor Force Participation Rate

Ratio of the labor force to the working-age population.

Quarterly % Stats NZ
Data starts 2000-03-31 Latest available 2026-03-31
/api/v1/announcements/nzd/participation_rate
Endpoint docs Indicator overview

Unemployment Rate

Percentage of the labor force that is unemployed.

Quarterly % Stats NZ
Data starts 2000-03-31 Latest available 2026-03-31
/api/v1/announcements/nzd/unemployment
Endpoint docs Indicator overview
Money & Credit 9 endpoints

Total Domestic Credit

Net credit to central government + private sector credit. RBNZ column C+D.

Monthly NZD mn National Statistics Office
Data starts 2016-12-31 Latest available 2026-04-30
/api/v1/announcements/nzd/domestic_credit
Endpoint docs Indicator overview

Narrow Money (M1)

Currency in circulation + transaction deposits. RBNZ column A.

Monthly NZD mn RBNZ
Data starts 2016-12-31 Latest available 2026-04-30
/api/v1/announcements/nzd/m1
Endpoint docs Indicator overview

M2 Money Supply

M1 + savings deposits (on-call). RBNZ derived: column A + B1.

Monthly NZD mn RBNZ
Data starts 2016-12-31 Latest available 2026-04-30
/api/v1/announcements/nzd/m2
Endpoint docs Indicator overview

Broad Money (M3)

M1 + savings + term deposits. RBNZ column A+B (broadest aggregate).

Monthly NZD mn RBNZ
Data starts 2016-12-31 Latest available 2026-04-30
/api/v1/announcements/nzd/m3
Endpoint docs Indicator overview

Currency in Circulation

Currency held by the public. M1 sub-component A1.

Monthly NZD mn National Statistics Office
Data starts 2016-12-31 Latest available 2026-04-30
/api/v1/announcements/nzd/money_supply_currency
Endpoint docs Indicator overview

Savings Deposits

On-call savings deposits. M2 incremental component B1.

Monthly NZD mn National Statistics Office
Data starts 2016-12-31 Latest available 2026-04-30
/api/v1/announcements/nzd/money_supply_savings_deposits
Endpoint docs Indicator overview

Term Deposits

Fixed-term deposits. M3 incremental component B2.

Monthly NZD mn National Statistics Office
Data starts 2016-12-31 Latest available 2026-04-30
/api/v1/announcements/nzd/money_supply_term_deposits
Endpoint docs Indicator overview

Transaction Deposits

Demand deposits. M1 sub-component A2.

Monthly NZD mn National Statistics Office
Data starts 2016-12-31 Latest available 2026-04-30
/api/v1/announcements/nzd/money_supply_transaction_deposits
Endpoint docs Indicator overview

Private Sector Credit

Loans, debt securities, and other credit to private sector. RBNZ column D.

Monthly NZD mn National Statistics Office
Data starts 2016-12-31 Latest available 2026-04-30
/api/v1/announcements/nzd/private_sector_credit
Endpoint docs Indicator overview
Monetary Policy 4 endpoints

Central Bank Total Assets

Total assets on the central bank's balance sheet, reflecting the scale of monetary policy operations including quantitative easing programs.

Monthly NZD mn RBNZ
Data starts 2015-01-01 Latest available 2026-05-31
/api/v1/announcements/nzd/cb_assets
Endpoint docs Indicator overview

Foreign Exchange Reserves

Assets held by the central bank in foreign currencies, used to support the exchange rate and manage monetary policy. Key indicator of a country's external financial position.

Monthly NZD mn RBNZ
Data starts 2015-01-01 Latest available 2026-05-31
/api/v1/announcements/nzd/foreign_reserves
Endpoint docs Indicator overview

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

~7x/year % RBNZ
Data starts 2018-01-03 Latest available 2026-05-27
/api/v1/announcements/nzd/policy_rate
Endpoint docs Indicator overview

Risk Free Rate

Overnight lending rate between banks.

Daily % RBNZ
Data starts 2018-01-03 Latest available 2026-06-25
/api/v1/announcements/nzd/risk_free_rate
Endpoint docs Indicator overview
Government Bond Yields 5 endpoints

10-Year Government Bond Yield

Reference information for 10-Year Government Bond Yield.

Daily % NZDMO
Data starts 2018-01-03 Latest available 2026-06-25
/api/v1/announcements/nzd/gov_bond_10y
Endpoint docs Indicator overview

2-Year Government Bond Yield

Reference information for 2-Year Government Bond Yield.

Daily % NZDMO
Data starts 2018-01-03 Latest available 2026-06-25
/api/v1/announcements/nzd/gov_bond_2y
Endpoint docs Indicator overview

3-Year Government Bond Yield

Reference information for 3-Year Government Bond Yield.

Daily % NZDMO
Data starts 2018-01-03 Latest available 2026-06-24
/api/v1/announcements/nzd/gov_bond_3y
Endpoint docs Indicator overview

5-Year Government Bond Yield

Reference information for 5-Year Government Bond Yield.

Daily % NZDMO
Data starts 2018-01-03 Latest available 2026-06-25
/api/v1/announcements/nzd/gov_bond_5y
Endpoint docs Indicator overview

Inflation-Linked Bond Yield

Reference information for Inflation-Linked Bond Yield.

Daily % NZDMO
Data starts 2018-01-03 Latest available 2026-06-24
/api/v1/announcements/nzd/inflation_linked_bond
Endpoint docs Indicator overview
Interest Rates 1 endpoints

Overnight Deposit Rate

Overnight deposit rate at registered banks. RBNZ daily banking rates.

Monthly % National Statistics Office
Data starts 2025-11-13 Latest available 2026-06-25
/api/v1/announcements/nzd/deposit_rates
Endpoint docs Indicator overview
Additional Indicators 4 endpoints

Central Bank Reserves - Domestic Currency

Reference information for Central Bank Reserves - Domestic Currency.

Monthly NZD mn RBNZ
Data starts Pending
/api/v1/announcements/nzd/cb_reserves_domestic_currency
Endpoint docs Indicator overview

Central Bank Reserves - Foreign Currency

Reference information for Central Bank Reserves - Foreign Currency.

Monthly NZD mn RBNZ
Data starts Pending
/api/v1/announcements/nzd/cb_reserves_foreign_currency
Endpoint docs Indicator overview

Central Bank Reserves - Gold

Reference information for Central Bank Reserves - Gold.

Monthly USD mn Central Bank
Data starts Pending
/api/v1/announcements/nzd/cb_reserves_gold
Endpoint docs Indicator overview

Terms of Trade

Indicator validated by integration tests.

Quarterly Index Stats NZ/RBNZ
Data starts 1990-03-31 Latest available 2026-03-31
/api/v1/announcements/nzd/terms_of_trade
Endpoint docs Indicator overview
Reserve Bank of New Zealand Press Releases
CFTC Commitment of Traders — NZD
Upcoming Releases
  • Policy Rate
  • Core Inflation
  • Inflation
  • Employment
  • Full Time Employment
  • Part Time Employment
  • Participation Rate
  • Unemployment
  • Policy Rate
  • Gdp
NZD Quick Links
NZD source map
Stats NZ 12 series
RBNZ 10 series
National Statistics Office 8 series
NZDMO 5 series
Central Bank 1 series
Stats NZ/RBNZ 1 series
NZD Pairs

About the New Zealand Dollar (NZD)

The New Zealand dollar (NZD), nicknamed the 'kiwi', is the official currency of New Zealand and several Pacific dependencies. It is one of the smaller G10 currencies but is among the most traded thanks to its role as a high-yielding commodity proxy.

Reserve Bank of New Zealand: monetary policy framework

The Reserve Bank of New Zealand (RBNZ) Monetary Policy Committee sets the Official Cash Rate (OCR) seven times per year. The RBNZ has a 1–3% CPI inflation target with a midpoint of 2%, and four of its decisions each year are accompanied by a Monetary Policy Statement.

What moves the NZD?

  • RBNZ Official Cash Rate and Monetary Policy Statement.
  • Official monthly dairy export values from Stats NZ and Global Dairy Trade (GDT) auction prices.
  • AU-NZ and US-NZ 2-year yield differentials.
  • China and Australia growth — New Zealand's biggest trading partners.
  • New Zealand CPI (quarterly) and labour-market data (HLFS).
  • Risk sentiment — NZD has high beta to global equity moves.

Key data and events to watch

  • RBNZ OCR decision and Monetary Policy Statement.
  • Quarterly CPI from Stats NZ.
  • Monthly Stats NZ dairy export values and GDT dairy auctions.
  • Quarterly Household Labour Force Survey.
  • China activity and AUD/NZD cross.

Frequently asked questions about the New Zealand Dollar

Why is the New Zealand dollar called the 'kiwi'?
The New Zealand one-dollar coin features the kiwi, a flightless bird native to New Zealand. Traders adopted 'kiwi' as the FX nickname for the currency in the 1980s.
How often does the RBNZ change interest rates?
The RBNZ Monetary Policy Committee makes seven scheduled OCR decisions per year. Four of those are accompanied by a full Monetary Policy Statement with updated forecasts and a press conference.
How does dairy affect NZD?
Dairy is one of New Zealand's largest single export categories. The FXMacroData API exposes official monthly Stats NZ dairy export values at /api/v1/announcements/nzd/dairy_exports, while the fortnightly Global Dairy Trade auction remains an important market price signal. Strong dairy receipts usually support export income and can move the NZD.
All Currencies
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