The New Zealand Dollar
is the official currency in New Zealand.
1 New Zealand Dollar (1 NZ$) = 100 cents.
Notes are in denominations of NZ$5, 10, 20, 50 and 100.
Coins are in denominations of and 5, 10, 20 and 50 cents. There
are also coins for NZ$ 2 and 1.
Currency
exchange
There are many currency exchange facilities throughout New Zealand.
Credit & debit cards
The widely accepted cards are Visa, American Express, MasterCard
and Diners Club.
For details of merchant acceptability and other information that
may be available, check with your credit or debit card company.
Travellers cheques
Travellers cheques can be exchanged at large hotels, trading banks
and a few shops, however these will be exchanged at official rates.
To avoid additional exchange rate charges whilst using travellers
cheques it is advisable to take them in US Dollars, Australian Dollars
or UK Pounds Sterling.
Exchange
rate indicators
The following figures should be perceived as a guide to the movements
of the New Zealand Dollar against the US Dollar and UK Pounds Sterling:
Date
Nov’07
UK£1.00=
2.733
US$1.00=
1.312
Currency restrictions
There are no restrictions on the export and import of local or foreign
currency.
Banking hours
Banks are open Monday to Friday, 9.00 am to 4.30 pm.
