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


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
©2004-2015 Investor Glossary - All rights reserved - Terms of Use