B3.2.3 New Zealand: Currency, Stockmarket, Exchange/InterestRates
Description
This article is from the New Zealand FAQ, by Phil Stuart-Jones and Lin Nah with numerous contributions by others.
B3.2.3 New Zealand: Currency, Stockmarket, Exchange/InterestRates
Decimal system based on New Zealand dollar, with cent denominations.
Coins are 5, 10, 20, and 50 cents, 1 and 2 dollars
Notes are 5, 10, 20, 50, and 100 dollars
Major credit cards are accepted widely.
B3.2.4 Stockmarket
Same structure as overseas. Ours tends to fluctuate depending on the state
of the world markets.
NZ Stock Exchange http://www.nzse.co.nz/
NZ Futures and Options Exchange http://www.nzfoe.co.nz/
B3.2.5 Exchange/Interest Rates
Information on exchange rates is available from many daily papers, or you
can get the information through www on:
http://www.ora.com/cgi-bin/ora/currency?New_Zealand
It's updated weekly, so it's usually a little out of date, but it's a good
guide mostly.
Current figures for main currencies:
NZ$ (10/6/95) NZ$ (14/7/97)
Aust$ 93.63c .
Pounds 42.56p .
US$ 67.65c .
Yen 57.78 .
Interest rates are fluctuating between 6 and 10% depending on overseas
markets. Fixed interest (1/4/95):
% call rates 9.00
% 90-day bank bills 9.04
% July 1998 Govt Stock 8.21
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