New Zealand Dollar

M2 money supply, indexed to 2001 = 100

Every line goes up — that’s the point. Angle of attack tells the story.

All series matched through 2024; some central-bank sources lag a year or two.

Log scale

USDEURJPYGBPCNYCHFCADAUDINRBRLNZD

NZD highlighted against the top 10 reserve currencies — M2 broad money, indexed to 2001 = 100. NZD series: IMF IFS via DBnomics, as of 2025.

New Zealand Dollar M2 money supply

Broad money in NZD (cash + deposits + close substitutes), annual back to ~1960 via World Bank FM.LBL.BMNY.CN. Log scale auto-engages for hyperinflation outliers.

149 data points · monthly granularityLog scale

New Zealand Dollar inflation history

Annual CPI YoY since 1966 — World Bank consumer price index for New Zealand. Inflation volatility is one of three inputs into the Money2069 sound-money score.

Frequently asked questions

Who issues the New Zealand Dollar?+

The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. As the monetary authority for New Zealand, it sets policy interest rates, manages foreign reserves, and controls the money supply.

What is the inflation rate of the New Zealand Dollar?+

Latest available consumer price inflation for the New Zealand Dollar: 2.84% YoY (2025). Source: World Bank annual series (FP.CPI.TOTL.ZG). Daily-refreshed historical chart on this page.

Has the New Zealand Dollar been debased?+

Every fiat currency loses purchasing power over time as central banks expand the money supply. M2 has grown by approximately 71% over the past decade. Combined with cumulative inflation, this is the gap between NZD as accounting unit and NZD as a store of value.

Is the New Zealand Dollar sound money?+

On the Money2069 0–100 sound-money scale, the New Zealand Dollar currently scores 86.9. The score weights inflation volatility, 10-year money-supply growth, and 1-year FX stability. Higher = closer to sound. No fiat scores 100 because no fiat has zero issuance.

How does the New Zealand Dollar compare to gold or the US dollar?+

Use the table on the listing page to sort all 138 tracked currencies by inflation, 10-year M2 change, or M69 score. Pegged currencies (USD-pegged dirham, riyal, etc.) inherit the dollar's debasement profile; floating currencies tell their own story.

How often is this data updated?+

We pull fresh exchange rates daily from Frankfurter (ECB-sourced), with Exchange Rate API covering currencies the ECB doesn't quote, and refresh the inflation series from the World Bank. The page is statically rendered with 24-hour ISR. Source data is publicly accessible via our /api/v1/currencies endpoints.

Compare with