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| 10 New Zealand Dollars note Queen Elizabeth II |
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| 10 New Zealand Dollars banknote |
New Zealand ten-dollar note, New Zealand banknotes, New Zealand paper money, New Zealand bank notes.
Obverse: Portrait of Her Majesty Queen Elizabeth II - Queen of New Zealand.
Various geometric patterns used to supply the necessary security and enhance the design. Value of note on top left and bottom right corners with the serial number opposite.
Reverse: Kea (Nestor notabilis), a native parrot with beautiful plumage of olive green. The undersides of their wings are bright red.
Mountain lily (Ranunculus lyallii) is a member of the buttercup family with large waxy white flowers.
Window watermark panel containing portrait of Captain Cook.
The New Zealand Dollar (1967 - present)
In 1967, when the country decimalized its currency, the dollar replaced the New Zealand pound at a rate of 2 dollars = 1 pound. Like other dollar denominated currencies, the dollar sign "$" is used to express prices in New Zealand dollars, sometimes prices are written using NZ$ to distinguish it from other dollar currencies. The New Zealand dollar's ISO 4217 code is NZD. The value of the New Zealand dollar was initially pegged to the US dollar at a rate of US$1.39 = NZ$1. This rate changed on 21 November 1967 to US$1.12 = NZ$1 after the devaluation of the British pound, although the New Zealand dollar was devalued to a greater extent than the British pound sterling.
In 1971, the U.S.A. devalued its dollar relative to gold, leading New Zealand to peg its dollar at a value of US$1.216 with a 4.5% fluctuation range on 23 December (keeping the same gold value). From 9 July 1973 to 4 March 1985 the dollar's value was determined from a trade-weighted basket of currencies. Since 4 March 1985 the dollar's value has been determined by the financial markets, and has been in the range of about 0.39–0.74 United States dollars. The dollar's most recent minimum average daily value was 0.3922 U.S. dollars on 22 November 2000, and its most recent maximum was 0.7442 U.S. dollars on 17 March 2005.