Investor Glossary-kiwiInvestor Glossary-kiwiInvestor Glossary-kiwiInvestor Glossary-kiwiInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Kiwi

The HTML to link to this page
 

The Kiwi is the common term used for the New Zealand Dollar. It derives its name from New Zealand's national icon, a flightless bird called a kiwi, which is pictured on one side of the country's $1 coin. The Kiwi is the official currency of New Zealand and is used also in the Cook Islands, Niue, Tokelau, and the Pitcairn Islands. It was introduced in 1967 to replace the New Zealand Pound, when the country decimalized its currency. The common usage symbol for the Kiwi is NZ$. The Reserve Bank of New Zealand is the government institution that issues the Kiwi. The Kiwi divides into smaller units called cents. One hundred cents make one New Zealand Dollar or Kiwi. The Kiwi is a currency that 'floats', meaning that market forces determine the value of the Kiwi against other currencies. The Kiwi is considered a major secondary currency and is actively traded in the international currency markets. The approximate conversion value for the Kiwi in late 2005 in US dollars is Kiwi 0.68+ to USD 1.



Rate this Kiwi definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: stock market close, quality assurance, reverse mortgage, Key Rate Duration, annual return, option premium, in escrow, VIX, Zero Cost Collar, ex-dividend date, deferred tax, limit order, cancelled check, open position, current ratio, labor relations, margin rate, wholly-owned subsidiary, retained earnings, implied volatility, diluted share, LIBOR, debt service coverage, APR, dividends payable, class C shares, liquidity ratio, 144a, minority interest, 1031 exchange, deferred revenue, inflation, covered put, balance sheet, phantom income, per diem, 401a, average price per share, risk management, required rate of return, FTSE, irrevocable trust, FICO score, stock split, EBITDA, ex-dividend, real GDP, 1035 exchange, command economy


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use