Convert US Dollar to New Zealand Dollar
USD to NZD Exchange Rate Calculator
1 US Dollar (USD) = 1.6794 New Zealand Dollar (NZD) at the live mid-market rate. That means $100 USD converts to roughly 167.94 NZD, and $1,000 USD converts to about 1,679.40 NZD. The USD/NZD rate refreshes every hour from Frankfurter, which sources data from the European Central Bank reference set. Enter any amount below to convert instantly — free, no sign-up.
90-day USD/NZD context
Over the past 90 days, USD/NZD has traded between 1.6726 and 1.7537. The current rate of 1.6794 sits roughly 8% through that range — near the lower end, meaning New Zealand Dollar has been stronger than typical against US Dollar recently. Versus the rate 90 days ago, US Dollar has weakened by 0.56% against New Zealand Dollar.
USD/NZD Price History
Interactive USD/NZD exchange rate chart with 7-day, 30-day, and 90-day views.
About US Dollar (USD)
The United States Dollar (USD) is the world's primary reserve currency and the single most traded currency in global foreign exchange markets. Issued by the Federal Reserve System since 1913, it anchors the DXY (U.S. Dollar Index) and sits on one side of roughly 88% of all forex transactions.
- •Involved in ~88% of all daily forex turnover (BIS Triennial Survey)
- •Accounts for roughly 58% of allocated central bank reserves (IMF COFER)
- •Primary invoicing currency for global oil, metals, and most commodities
- •Dollar-denominated debt issued outside the US exceeds $13 trillion
- •The Federal Reserve sets the federal funds rate, which drives USD strength globally
About New Zealand Dollar (NZD)
The New Zealand Dollar (NZD) is the official currency of New Zealand, Niue, the Cook Islands, and Tokelau. Nicknamed the "Kiwi" after the national bird on the NZ$1 coin, it is a commodity currency heavily tied to dairy exports — New Zealand is the world's largest dairy exporter by value.
- •New Zealand is the world's largest dairy product exporter
- •Reserve Bank of New Zealand (RBNZ) was the first central bank to adopt a formal inflation target (1990)
- •NZD/USD is nicknamed "Kiwi"; AUD/NZD is "Bird" among traders
- •China is New Zealand's largest trading partner
- •Fonterra's GlobalDairyTrade auctions (fortnightly) move NZD reliably
Frequently Asked Questions
Why is NZD called a "commodity currency"?
New Zealand's economy is dominated by dairy, meat, and forestry exports. Dairy alone accounts for roughly 25% of merchandise exports, with Fonterra acting as the dominant exporter. NZD trades like a leveraged play on global agricultural commodity demand — when commodity prices rally and Chinese demand strengthens, NZD typically outperforms.
What are the GlobalDairyTrade (GDT) auctions?
GDT is a fortnightly auction of New Zealand dairy products run by Fonterra. Results are released the first and third Tuesdays of each month around 14:00 UTC. A surprise ±5% GDT price change routinely produces 30–60 pip NZD/USD moves within minutes — it is one of the few NZD-specific catalysts that traders watch in real time.
When does the RBNZ meet?
The Reserve Bank of New Zealand meets seven times per year on an irregular schedule published in advance. Decisions are announced at 02:00 UTC. Four of the seven meetings include a full Monetary Policy Statement and a Governor press conference; these are the largest NZD event risks of each cycle.
How does AUD/USD affect NZD/USD?
NZD and AUD have one of the highest correlations in G10 FX (typically 0.80+). Australia is New Zealand's largest trading partner after China, and the two currencies share commodity-cycle exposure. When AUD/USD moves sharply, NZD/USD almost always follows — though NZD often moves slightly more given thinner liquidity.
Why is NZD so sensitive to risk-off events?
NZD is a high-yielding "carry" currency funded by JPY and CHF in global carry trades. When volatility spikes and carry positions unwind, NZD is sold aggressively. NZD/USD can fall 1–2% in a single risk-off session, especially during Asian-session liquidity gaps when New Zealand markets are closed.
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Rate history
- NZD/USD historyNZD/USD ("Kiwi" in forex slang) is the second of the major commodity-currency pairs after AUD/USD — heavily linked to global dairy prices, Chinese consumer demand, and global risk sentiment
- AUD/NZD historyAUD/NZD is the trans-Tasman cross — combining Australia's commodity-currency with New Zealand's dairy-driven currency
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Exchange rates refresh hourly · Sourced from institutional-grade data providers