Story: Prices and inflation

Exchange rate

Exchange rate

On the eve of Christmas 2009 one New Zealand dollar bought just fewer than 48 Euro cents and 69 US cents, and just over 79 Australian cents. Since 1985, when it was decided to allow the market to set the price of the currency, rates have changed hour by hour, the product of tens of thousands of individual transactions.

Using this item

Te Ara - The Encyclopedia of New Zealand
Photograph by Emily Tutaki

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How to cite this page:

Adolf Stroombergen, 'Prices and inflation - Terms of trade and the exchange rate', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/photograph/23102/exchange-rate (accessed 21 August 2019)

Story by Adolf Stroombergen, published 11 Mar 2010