The lowdown on the US dollar
Economical Influences and the US Dollar
Along with the euro, the US dollar is one of the biggest currencies on the planet. It’s been around since the late eighteenth century – and the word dollar goes all the way back to fifteenth-century Europe. When English colonists needed a new currency for North America, they stole the name from the big Spanish coins already being used in the new world.
Today the famous green dollar bills, also known as greenbacks, are made from a mix of cotton and linen. Just under half of all US dollar bills are for just $1, and they last an average of 22 months before they’re considered too crumpled to be used anymore.
American presidents from Abraham Lincoln to JFK have graced US dollar notes, but only one female face – the original First Lady Martha Washington – has gazed up at shoppers as they hand over their cash. Just as controversially, no African Americans have had their portrait on a dollar bill so far – could President Obama be the first?
US Dollar Historical Market Exchange Rate
Compared to certain other currencies, the NZD to USD exchange rate has been particularly stable during the past three to four years; improving from a relatively poor performance between 2011 and 2014.1
Beginning of January 2014, 1 NZD was buying around 0.81 USD; one year later on 18th January 2015, the US dollar began to strengthen with 1New Zealand dollar buying approximately 0.77 USD.1
By 24th September 2015, the exchange rate had improved even further for the USD, with 1 NZD only getting you around 0.62 US cents. A year later on 7th September 2016 the NZD had made gains against the USD, with 1 NZ dollar buying approximately 0.74 US cents.1
In 2018 to date, the NZD to USD exchange rate has fluctuated between a high of 1 NZD to 0.73 USD on the 2nd February and a low of 1 NZD to 0.64 USD on 6th October.1
Learn more about the USD before you travel to the United States and create a currency rate alert so we can notify you when it hits the rate you want.
Exchange rates last updated Thursday, 14 November 2019 1:13:47 p.m. NZDT. The online exchange rates provided by this Currency Converter are intended as a guide only and should not be used for transactional purposes. All rates are subject to change from time to time without notice. Exchange rates used in-store may differ from those offered online. The Travelex online buy rate will be used for conversions from a foreign currency to the local currency. The Travelex online sell rate will be used for conversions from the local currency to a foreign currency.
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Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 12 months
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*Data correct as of 6 November 2018.
*The information contained in this article has been compiled by Travelex from different different external sources. The figures provided are indicative only and are there to provide an idea of the amount of travel money you may need during your trip. Travelex does not ensure the accuracy and completeness of the information shown. Nothing in this article is to be considered financial advice. Travelex Limited does not accept any liability for any loss or damage derived from any reliance on the information in this article. Travelex NZ Limted arranges for and sells Online Foreign Currency via its Online Ordering Facility. You should consider the Online Foreign Currency Product Disclosure Statement and Terms and Conditions before deciding whether to acquire the product.