The Child Cancer Foundation is a New Zealand -based charity that offers support to children with cancer and their families.
64-504: It has a high profile through public fundraising events. As of 2011, it had an income of NZ$ 4.8 million, of which NZ$ 1.9 million was fundraising income, with most of the rest being from donations and bequests. This article about an organisation in New Zealand is a stub . You can help Misplaced Pages by expanding it . This pediatrics article is a stub . You can help Misplaced Pages by expanding it . This oncology article
128-462: A committee was set up by the Government to investigate decimal currency. The idea fell on fertile ground, and in 1963, the Government decided to decimalise New Zealand currency. The Decimal Currency Act was passed in 1964, setting the date of transition to 10 July 1967. Words such as "fern", "kiwi" and "zeal" were proposed to avoid confusion with the word "dollar", which many people associate with
192-580: A legal tender in payment of debts". Australian coins are now produced at the Royal Australian Mint in Canberra . Before Federation in 1901, the six colonies that comprised Australia had separate currencies, all of which closely replicated the British currency system , and were usually exchangeable with each other on a one-to-one basis. Hence Federation was not seen as urgently requiring
256-505: A month it had risen to new post-float highs, reaching US$ 0.8103 on 23 July 2007. After reaching its post-float record high in early 2008, the value of the NZ$ plummeted throughout much of the 2nd half of 2008 and the first quarter of 2009 as a response to the global economic downturn and flight by investors away from "riskier" currencies such as the NZ$ . The NZ$ bottomed out at approximately US$ 0.50 on 6 March 2009. However, it rebounded strongly as
320-545: A moving peg in November 1976, causing the actual value of the peg to be periodically adjusted. The New Zealand dollar contributes greatly to the total global exchange market—far in excess of New Zealand's relative share of population or global GDP. According to the Bank for International Settlements , the New Zealand dollar's share of global foreign exchange market daily turnover in 2016 was 2.1% (up from 1.6% in 2010) giving it
384-530: A new currency be introduced (from February 1963), to be modelled on South Africa's replacement of the South African pound with the rand (worth 10 shillings or 1 ⁄ 2 pound). The Menzies government announced its support for decimalisation in July 1961, but delayed the process in order to give further consideration to the implementation process. In April 1963, Holt announced that a decimal currency
448-421: A notable New Zealander, while the reverse featured a native New Zealand bird and New Zealand scenery. The Queen remained on the $ 20 note. In 1999, series 6 polymer notes replaced the paper notes. The designs remained much the same, but were changed slightly to accommodate new security features, with the most obvious changes being the two transparent windows. In 2015–16, new Series 7 notes were issued, refreshing
512-578: A penny). Some 27 million new banknotes were printed and 165 million new coins were minted for the changeover. The New Zealand dollar was initially pegged to both the British pound sterling and the United States dollar at NZ$ 1 = UK£ 1 ⁄ 2 = US$ 1.40. On 21 November 1967 sterling was devalued from UK£1 = US$ 2.80 to US$ 2.40 (see Bretton Woods system ), but the New Zealand dollar was devalued even more from NZ$ 1 = US$ 1.40 to US$ 1.12, to match
576-471: A rank of 11th. Trading in the currency has climbed steadily since the same survey in 1998 when the NZD's ranking was 17th and the share of turnover was just 0.2%. Australian dollar The Australian dollar ( sign : $ ; code : AUD ; also abbreviated A$ or sometimes AU$ to distinguish it from other dollar-denominated currencies ; and also referred to as the dollar or Aussie dollar )
640-453: A single, unified currency. For another 10 years, colonial banknotes and coins continued to be the main circulating currencies. In 1902, a select committee of the House of Representatives , chaired by George Edwards , had recommended that Australia adopt a single, national decimal currency, with a pound divided into ten florins and each florin comprising 100 cents. However, the recommendation
704-481: A strong interest in the new technology. On 27 September 2012, the Reserve Bank of Australia stated that it had ordered work on a project to upgrade the current banknotes. The upgraded banknotes would incorporate a number of new future proof security features and include tactile features like Braille dots for ease of use of the visually impaired. All persons featured on the first polymer series were retained on
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#1732786597713768-528: A view about the stability in value of the British pound. From 1946 to 1971, Australia maintained a peg under the Bretton Woods system , a fixed exchange rate system that pegged the U.S. dollar to gold, but the Australian dollar was effectively pegged to sterling until 1967 at £1 sterling = A£1 5s = A$ 2.50 = US$ 2.80. In 1967 Australia did not follow the pound sterling devaluation and remained fixed to
832-478: A wholly owned subsidiary of the Reserve Bank of Australia. Note Printing Australia prints polymer notes or simply supplies the polymer substrate for a growing number of other countries including Bangladesh , Brunei , Chile , Kuwait , Malaysia , Mexico , Nepal , New Zealand , Papua New Guinea , Romania , Samoa , Singapore , Solomon Islands , Sri Lanka and Vietnam . Many other countries are showing
896-697: Is a reserve currency and one of the most traded currencies in the world. Other factors in its popularity include a relative lack of central bank intervention, and general stability of the Australian economy and government. In January 2011 at the World Economic Forum in Davos , Switzerland , Alexey Ulyukaev announced that the Central Bank of Russia would begin keeping Australian dollar reserves. Australian notes are legal tender throughout Australia by virtue of section 36(1) of
960-594: Is a stub . You can help Misplaced Pages by expanding it . New Zealand dollar The New Zealand dollar ( Māori : tāra o Aotearoa ; sign : $ ; code : NZD ) is the official currency and legal tender of New Zealand , the Cook Islands , Niue , the Ross Dependency , Tokelau , and a British territory, the Pitcairn Islands . Within New Zealand, it is almost always abbreviated with
1024-814: Is legal tender in its external territories: Christmas Island , Cocos (Keeling) Islands , and Norfolk Island ; and is also official currency in Kiribati , Nauru , and Tuvalu . It was legal tender in Papua New Guinea until 31 December 1975 when it was replaced by the kina , and in Solomon Islands until 1977 when it was replaced by the Solomon Islands dollar . In 1966, coins were introduced in denominations of 1 and 2 cents (bronze); 5, 10, and 20 cents ( cupronickel ; 75% copper, 25% nickel); and 50 cents (silver, then cupronickel). The 50-cent coins in 80% silver were no longer minted after March 1968 due to
1088-413: Is the official currency and legal tender of Australia , including all of its external territories , and three independent sovereign Pacific Island states : Kiribati , Nauru , and Tuvalu . In April 2022 , it was the sixth most-traded currency in the foreign exchange market and as of Q4 2023 the seventh most-held reserve currency in global reserves . The Australian dollar
1152-515: The Australian Labor government led by Prime Minister Bob Hawke and Treasurer Paul Keating floated the dollar, with the exchange rate reflecting the balance of payments as well as supply and demand on international money markets. The decision was made on 8 December 1983 and announced on 9 December 1983. In the two decades that followed, its highest value relative to the US dollar
1216-547: The Lyons government , recommended that Australia adopt "a system of decimal coinage ... based upon the division of the Australian pound into 1000 parts ". This recommendation was not accepted either. In February 1959, treasurer Harold Holt appointed a Decimal Currency Committee, chaired by Walter D. Scott , to examine the merits of decimalisation. The committee reported in August 1960 in favour of decimalisation and proposed that
1280-497: The Reserve Bank sold an unknown worth of New Zealand dollars for nine billion USD in an attempt to drive down its value. This is the first intervention in the markets by the Bank since the float in 1985. Two suspected interventions followed, but they were not as successful as the first: the first appeared to be initially effective, with the dollar dropping to approximately US$ 0.7490 from near US$ 0.7620. However, within little more than
1344-533: The Reserve Bank Act 1959 without an amount limit. Section 16 of the Currency Act 1965 similarly provides that Australian coins intended for general circulation are also legal tender, but only for the following amounts: However, being legal tender does not necessarily oblige businesses to accept cash. The Reserve Bank states that businesses can set commercial terms for a transaction that requires
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#17327865977131408-466: The U.S. dollar at A$ 1 = US$ 1.12. With the breakdown of the Bretton Woods system in 1971, Australia converted the traditional peg to a fluctuating rate against the US dollar. In September 1974, Australia valued the dollar against a basket of currencies called the trade weighted index (TWI) in an effort to reduce the fluctuations associated with its tie to the US dollar. The daily TWI valuation
1472-446: The United States dollar . In the end, the word "dollar" was chosen anyway, and an anthropomorphic dollar note cartoon character called "Mr. Dollar" became the symbol of transition in a huge publicity campaign. On Monday 10 July 1967 ("Decimal Currency Day"), the New Zealand dollar was introduced to replace the pound at a rate of two dollars to one pound (one dollar to ten shillings, ten cents to one shilling, 5 ⁄ 6 cent to
1536-433: The dollar sign ($ ). The abbreviations " $ NZ " or " NZ$ " are used (outside New Zealand) when necessary to distinguish it from other dollar -denominated currencies. The New Zealand dollar was introduced in 1967. It is subdivided into 100 cents . Altogether it has five coins and five banknotes with the smallest being the 10-cent coin ; smaller denominations have been discontinued due to inflation and production costs. In
1600-456: The $ 5 replacing their pound predecessors. The original series of dollar notes featured on the obverse a portrait of Queen Elizabeth II wearing Queen Alexandra 's Kokoshnik tiara, King George's VI festoon necklace, and Queen Mary's floret earrings, while the reverse featured native birds and plants. The notes were changed slightly in 1981 due to a change of printer (from De La Rue to Bradbury, Wilkinson & Co.)—the most noticeable difference being
1664-451: The Australian dollar varies significantly during the business cycle, rallying during global booms as Australia exports raw materials, and falling during recessions as mineral prices slump or when domestic spending overshadows the export earnings outlook. This movement is in the opposite direction to other reserve currencies, which tend to be stronger during market slumps as traders move value from falling stocks into cash. The Australian dollar
1728-449: The Australian dollar were issued in 1966. The $ 1, $ 2, $ 10 and $ 20 notes had exact equivalents in the former pound notes. The $ 5 note was issued in 1967, the $ 50 was issued in 1973 and the $ 100 was issued in 1984. The $ 1 banknote was replaced by a $ 1 coin in 1984, while the $ 2 banknote was replaced by a smaller $ 2 coin in 1988. Although no longer printed, all previous notes of the Australian dollar remain legal tender. Shortly after
1792-478: The Queen was introduced and the legend rearranged to read " NEW ZEALAND ELIZABETH II ". On 11 November 2004 the Reserve Bank announced that it proposed to take the 5c coin out of circulation and to make the 50c, 20c and 10c coins smaller and use plated steel to make them lighter. After a three-month public submission period that ended on 4 February 2005, the Reserve Bank announced on 31 March that it would go ahead with
1856-466: The Queen. The 1c and 2c coins were last minted for circulation in 1987, with collector coins being made for 1988. The coins were demonetised on 30 April 1990. The lack of 1c and 2c coins meant that cash transactions were normally rounded to the nearest 5c (10c from 2006), a process known as Swedish rounding . On 11 February 1991, aluminium-bronze $ 1 and $ 2 coins were introduced to replace existing $ 1 and $ 2 notes. In 1999, Ian Rank-Broadley 's portrait of
1920-570: The banking system and cash in circulation in other countries or held as a foreign exchange reserve . Section 51(xii) of the Constitution of Australia gives the Commonwealth (federal) Parliament the power to legislate with respect to "currency, coinage, and legal tender". The states are not allowed to coin money, in accordance with section 115 which provides that "[a] State shall not coin money, nor make anything but gold and silver coin
1984-448: The breakdown of the Bretton Woods system in 1971, both Australia and New Zealand converted the mostly-fixed foreign exchange regimes to a moving peg against the US dollar. In September 1974, Australia moved to a peg against a basket of currencies called the trade weighted index (TWI) in an effort to reduce fluctuations associated with its peg to the US dollar. The peg to the TWI was changed to
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2048-547: The centenary of the Gallipoli landings and of Armistice Day . After the death of Queen Elizabeth II in September 2022, the Reserve Bank said it would exhaust its existing coin stocks before introducing new coins featuring King Charles III . Based on current stock levels, this would likely be several years away. In 1967, notes were introduced in denominations of $ 1 , $ 2 , $ 5 , $ 10 , $ 20 and $ 100 , with all except
2112-691: The changeover, substantial counterfeiting of $ 10 notes was detected. This provided an impetus for the Reserve Bank of Australia to develop new note technologies jointly with the Commonwealth Scientific and Industrial Research Organisation , culminating in the introduction of the first polymer banknote in 1988. Australia was the first country to produce polymer banknotes , more specifically made of polypropylene polymer, which were produced by Note Printing Australia . These revolutionary polymer notes are cleaner than paper notes, are more durable and easily recyclable. The first polymer banknote
2176-465: The circulating two dollar, one dollar, and 20 cent coins. In commemoration of the 40th anniversary of decimal currency , the 2006 mint proof and uncirculated sets included one- and two-cent coins. In early 2013, Australia's first triangular coin was introduced to mark the 25th anniversary of the opening of Parliament House. The silver $ 5 coin is 99.9% silver, and depicts Parliament House as viewed from one of its courtyards. The first paper issues of
2240-507: The coins featured Arnold Machin 's portrait of Queen Elizabeth II , with the legend ELIZABETH II NEW ZEALAND [date]. The reverse sides of coins introduced in 1967 did not follow the designs that were originally intended for them. Those modern art and sculpture themed designs were leaked to a newspaper and met a very negative public reaction. The final releases were given more conservative designs in line with public expectations. In 1986, New Zealand adopted Raphael Maklouf 's new portrait of
2304-468: The context of currency trading, the New Zealand dollar is sometimes informally called the "Kiwi" or "Kiwi dollar", since the flightless bird , the kiwi , is depicted on its one-dollar coin . It is the tenth most traded currency in the world, representing 2.1% of global foreign exchange market daily turnover in 2019. Prior to the introduction of the New Zealand dollar in 1967, the New Zealand pound
2368-438: The dollar's value has been determined by the financial markets, and has been in the range of about US$ 0.39 to 0.88. The dollar's post-float low was US$ 0.3922 on 22 November 2000, and it reached a post-float high on 9 July 2014 of US$ 0.8821. Much of this medium-term variation in the exchange rate has been attributed to differences in interest rates. The New Zealand dollar is among the 10 most-traded currencies. On 11 June 2007
2432-583: The east coast of the Australian continent, followed in 1977 by a coin for Queen Elizabeth II's Silver Jubilee , the wedding of Charles, Prince of Wales and Lady Diana Spencer in 1981, the Brisbane Commonwealth Games in 1982, and the Australian Bicentenary in 1988. Issues expanded into greater numbers in the 1990s and the 21st century, responding to collector demand. Commemorative designs have also been featured on
2496-452: The end of China's large-scale purchases of Australian commodities in 2013, however, the Australian dollar's value versus the US dollar has since plunged to $ 0.88 as of end-2013, and to as low as $ 0.57 in March 2020. As of 2024, it has traded at a range of $ 0.63 to $ 0.68. In 2016, the Australian dollar was the fifth most traded currency in world foreign exchange markets , accounting for 6.9% of
2560-580: The first time since becoming a freely traded currency, trading above US$ 1 for a few seconds. The currency then traded above parity for a sustained period of several days in November, and fluctuated around that mark into 2011. On 27 July 2011, the dollar hit a record high since floating, at $ 1.1080 against the US dollar. Some commentators speculated that its high value that year was related to Europe's sovereign debt crisis , and Australia's strong ties with material importers in Asia and in particular China . Since
2624-483: The former Australian, New Zealand, and British sixpence, shilling, and two shilling (florin) coins. Pre-decimal Australian coins remain legal tender for 10 cents per shilling. Before 2006 the old New Zealand 5, 10 and 20 cent coins were often mistaken for Australian coins of the same value, and vice versa, and therefore circulated in both countries. The UK replaced these coins with smaller versions from 1990 to 1993, as did New Zealand in 2006. Still, some confusion occurs with
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2688-505: The intrinsic value of the silver content rising to exceed the face value of the coins. Aluminium bronze (92% copper, 6% aluminium, 2% nickel) 1 dollar coins were introduced in 1984, followed by aluminium bronze 2 dollar coins in 1988, to replace the banknotes of that value. In everyday Australian parlance, these coins collectively are referred to as "gold coins". 1 and 2 cent coins were discontinued in 1991 and withdrawn from circulation in 1992; since then cash transactions have been rounded to
2752-594: The larger-denomination coins in the two countries; Australia's $ 1 coin is similar in size to New Zealand's $ 2 coin, and the New Zealand $ 1 coin is similar in size to Australia's $ 2 coin. With a mass of 15.55 grams (0.549 oz) and a diameter of 31.51 millimetres ( 1 + 1 ⁄ 4 in), the Australian 50-cent coin is one of the largest coins used in the world today. The Royal Australian Mint also has an international reputation for producing quality numismatic coins. It has first issued commemorative 50-cent coins in 1970, commemorating James Cook 's exploration along
2816-456: The nearest 5 cents . Australia's coins are produced by the Royal Australian Mint , which is located in the nation's capital, Canberra . Since opening in 1965, the Mint has produced more than 14 billion circulating coins, and has the capacity to produce more than two million coins per day, or more than 600 million coins per year. Current Australian 5, 10 and 20 cent coins are identical in size to
2880-429: The new currency would be called the "royal". This met with widespread public disapproval, and three months later it was announced that it would instead be named the "dollar". The pound was replaced by the dollar on 14 February 1966 with the conversion rate of A$ 2 = A£1. For example, a pre-decimal amount of nine pounds, sixteen shillings and sixpence (£9 16s 6d) became $ 19.65 in terms of dollars and cents. Since Australia
2944-483: The note design and improving security features. As of 2021, Series 6 and 7 notes are currently legal tender. In September 2022, following the death of Queen Elizabeth II, the Reserve Bank said it would exhaust its existing stocks of $ 20 notes before introducing new notes featuring King Charles III. The most recent issue of New Zealand banknotes is the seventh series, first released in October 2015 and May 2016. With
3008-437: The portrait based upon a photograph by Peter Grugeon, in which Queen Elizabeth II is wearing Grand Duchess Vladimir's tiara and Queen Victoria's golden jubilee necklace. The $ 50 note was added in 1983 to fill the long gap between the $ 20 and the $ 100 notes. $ 1 and $ 2 notes were discontinued in 1991 after being replaced with coins. A new series of notes, known as Series 5 was introduced in 1992. The obverse of each note featured
3072-572: The prevailing view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle. Economists posit that commodity prices are the dominant driver of the Australian dollar, and this means changes in exchange rates of the Australian dollar occur in ways opposite to many other currencies. For decades, Australia's balance of trade has depended primarily upon commodity exports such as minerals and agricultural products. This means
3136-617: The proposed changes. The changeover period started on 31 July 2006, with the old coins usable until 31 October 2006. The old 50c, 20c, 10c and 5c pieces are now no longer legal tender , but are still redeemable at the Reserve Bank. Prior to the change over, these coins were similar, save for the legend and reverse artwork, to international (mainly Commonwealth ) coins of the same British-derived sizes, which led to coins from other currencies, particularly older coins, being accepted by vending machines and many retailers. Commemorative coins, with face values of 50c, were issued in 2015 and 2018 to mark
3200-447: The second polymer series. However, following the death of Queen Elizabeth II, the government has announced that the $ 5 note will be replaced with a design reflecting Indigenous history and culture. Prior to 1983, Australia maintained a fixed exchange rate . The Australian pound was initially at par from 1910 with the British pound or A£1 = UK£1; from 1931 it was devalued to A£1 = 16s sterling. This reflected its historical ties as well as
3264-440: The use of a non-cash payment. However, a business may technically be required to accept cash if they are taken to court, but this is usually not a viable option for consumers. Australian notes and coins are also legal tender in the independent sovereign states of Kiribati , Nauru , and Tuvalu . Nauru never had its own currency. Tuvalu and Kiribati additionally had their respective Tuvaluan and Kiribati dollars at par with
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#17327865977133328-477: The value of the Australian dollar . In 1971 the US devalued its dollar relative to gold , leading New Zealand on 23 December to peg its dollar at US$ 1.216 with a 4.5% fluctuation range, 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. On 4 March 1985, the NZ$ was floated at the initial rate of US$ 0.4444. Since then
3392-529: The world's daily share (down from 8.6% in 2013) behind the United States dollar , the euro , the Japanese yen and the pound sterling . The Australian dollar is popular with currency traders, because of the comparatively high interest rates in Australia, the relative freedom of the foreign exchange market from government intervention, the general stability of Australia's economy and political system, and
3456-551: The year progressed, reaching the US$ 0.75 range by November 2009. By late 2012, the dollar was holding above 80 US cents, occasionally reaching 85¢, prompting calls from the Green Party for quantitative easing . Unions also called on the Government and the Reserve Bank to take action, but as of February 2013 both had declined. As of early June 2017, the NZD was trading at approximately US$ 0.71, and in early November 2019 it
3520-572: Was $ 0.881 in December 1988. The lowest ever value of the dollar after it was floated was 47.75 US cents in April 2001. It returned to above 96 US cents in June 2008, and reached 98.49 later that year. Although the value of the dollar fell significantly from this high towards the end of 2008, it gradually recovered in 2009 to 94 US cents. On 15 October 2010, the dollar reached parity with the US dollar for
3584-595: Was changed in November 1976 to a periodically adjusted valuation. The highest valuation of the Australian dollar relative to the U.S. dollar was during the period of the peg to the U.S. dollar. On 9 September 1973, the peg was adjusted to US$ 1.4875, the fluctuation limits being changed to US$ 1.485–US$ 1.490; on both 7 December 1973 and 10 December 1973, the noon buying rate in New York City for cable transfers payable in foreign currencies reached its highest point of 1.4885 U.S. dollars to one dollar. In December 1983,
3648-604: Was introduced as a decimal currency on 14 February 1966 to replace the non-decimal Australian pound , with the conversion rate of two dollars to the pound (A£1 = A$ 2). It is subdivided into 100 cents . The $ symbol precedes the amount. On the introduction of the currency, the $ symbol was intended to have two strokes, but the version with one stroke has also always been acceptable. In 2023 , there were A$ 4.4 billion in coins and A$ 101.3 billion in notes of Australian currency in circulation , or around A$ 6,700 per person in Australia, which includes cash reserves held by
3712-520: Was issued in 1988 as a $ 10 note commemorating the bicentenary of European settlement in Australia. The note depicted on one side a young male Aboriginal person in body paint, with other elements of Aboriginal culture. On the reverse side was the ship Supply from the First Fleet, with a background of Sydney Cove, as well as a group of people to illustrate the diverse backgrounds from which Australia has evolved over 200 years. The first polymer series
3776-462: Was not acted upon. The Australian pound (A£) was introduced in 1910, at par with the pound sterling (A£1 = UK£1). Like the UK pound, it was divided into 240 pence, or 20 shillings (each comprising 12 pence). In December 1931, the Australian currency was devalued by 25%, so that one pound five shillings Australian was equivalent to one pound sterling. In 1937, a banking royal commission , appointed by
3840-451: Was rolled out starting 1992 and featured the following persons: A special centenary issue of the $ 5 note in 2001 featured Sir Henry Parkes and Catherine Helen Spence . In 2015–2016 there were petitions to feature Fred Hollows on the upgraded $ 5 note, but failed to push through when the new note was introduced on 1 September 2016. Australia also prints polymer banknotes for a number of other countries through Note Printing Australia ,
3904-478: Was scheduled to be introduced in February 1966, with a base unit equal to 10 shillings, and that a Decimal Currency Board would be established to oversee the transition process. A public consultation process was held in which over 1,000 names were suggested for the new currency. This was reduced to a shortlist of seven names: austral, crown, dollar, pound, regal, tasman and royal. In June 1963, Holt announced that
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#17327865977133968-481: Was still part of the fixed-exchange sterling area , the exchange rate was fixed to the pound sterling at a rate of A$ 1 = 8s sterling (or £1 stg = A$ 2.50, and in turn £1 stg = US$ 2.80). In 1967, Australia effectively left the sterling area when the pound sterling was devalued against the US dollar from US$ 2.80 to US$ 2.40, but the Australian dollar chose to retain its peg to the US dollar at A$ 1 = US$ 1.12 (hence appreciating in value versus sterling). The Australian dollar
4032-445: Was the currency of New Zealand, which had been distinct from the pound sterling since 1933. The pound used the £sd system, in which the pound was divided into 20 shillings and one shilling was divided into 12 pence, a system which by the 1950s was considered complicated and cumbersome. Switching to decimal currency had been proposed in New Zealand since the 1930s, although only in the 1950s did any plans come to fruition. In 1957,
4096-430: Was valued as US$ 0.63 = NZ$ 1. On the introduction of the dollar, coins came in denominations of 1c, 2c, 5c, 10c, 20c, and 50c. The 1c and 2c coins were bronze, the others were cupro-nickel . To ease transition, the 5c, 10c, and 20c were the same size as the sixpence, shilling and florin that they respectively replaced, and until 1970, the ten-cent coin bore the additional legend "One Shilling". The obverse designs of all
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