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Story: Prices and inflation

Exchange rate

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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.

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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, https://teara.govt.nz/en/photograph/23102/exchange-rate (accessed 4 June 2026).

Story by Adolf Stroombergen, published 15 February 2010.