Kiwi jumps to highest US dollar rate since float

The New Zealand dollar today jumped to its highest exchange rate against the greenback since it was floated in March 1985, and reached US83.18c just after 3pm.

Its previous post-float high of US83.01c was notched up last Friday night.

Reuters reported the outperforming kiwi had pushed the Australian dollar exchange rate against the NZ dollar down to $NZ1.2906, off this week's high around $NZ1.3045, but the aussie had also powered to 26-year highs against the pound sterling and hit 3-week peaks against the US dollar on Thursday.

Overnight the NZ dollar also powered to a new post-float high against the British currency, and by 3pm was trading around 51.60p.

NZPA

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

July 3rd Morning Report
ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report
July 1st Morning Report
June 27th Morning Report
SDL - FY2026 Earnings Guidance
PaySauce Director resigns for US-based role with NZTE
General Capital Releases 2025 Annual Report