United States dollar new zealand dollar history for July 2023. The highest quote for this month is 1.6241 (31/07/2023) and the lowest 1.611 (05/07/2023). The difference between high and low is 0.81.
USD NZD average rate for July 2023 is 1.61657, the change between 01/07/2023 and 31/07/2023 is -0.62 %.
| 05 July 2023 | 1 USD = 1.613 NZD |
| 25 July 2023 | 1 USD = 1.613 NZD |
| 31 July 2023 | 1 USD = 1.623 NZD |
20/03/2020: COVID-19 Pandemic Effects
The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.
10/10/2008: Global Financial Crisis Hits New Zealand
New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.
10/07/2005: Polymer Banknotes Introduced
New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.
05/10/1987: Black Monday Stock Market Crash
Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.
04/03/1985: Floating Exchange Rate Introduced
New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.
10/07/1961: Decimalization of Currency
New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.
19/10/1933: New Zealand Pound Pegged to the British Pound
New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.