Definition

1. Noun:
   • The basic unit of money in New Zealand: The "New Zealand dollar" is the official currency of New Zealand. It is the standard monetary unit used for all financial transactions within the country.

Usage

• The "New Zealand dollar" is used to price goods and services, denote value, and facilitate trade in New Zealand.
• It is typically represented by the currency code NZD or the symbol $ or NZ$ to distinguish it from other dollar-denominated currencies.

Examples

• Noun:
  • The price of the souvenir was twenty New Zealand dollars.
  • You will need to exchange your currency for New Zealand dollars upon arrival.
  • The New Zealand dollar strengthened against the US dollar today.

Advanced Usage

• "the New Zealand dollar" in financial contexts: Often discussed in terms of its exchange rate, value, and performance on the foreign exchange market.
  • Investors are watching the fluctuations of the New Zealand dollar closely.

Variants and Related Words

• NZD: The three-letter ISO currency code for the New Zealand dollar.
• Kiwi dollar: (Informal) A colloquial term for the New Zealand dollar, derived from the national bird.
• Cent: A subdivision of the New Zealand dollar; one hundred cents equal one dollar.

Synonyms

• Currency of New Zealand: A descriptive synonym.
• NZ dollar: A common abbreviated form.

Related Phrases

• New Zealand dollar exchange rate: The value of the New Zealand dollar compared to another currency.
  • I checked the New Zealand dollar exchange rate before my trip.
• New Zealand dollar banknote: The paper currency issued in New Zealand dollar denominations.

Noun

1. the basic unit of money in New Zealand