Course NZD(New Zealand Dollar)-SGD(Singapore Dollar) for today

New Zealand Dollar

Introduced in 1840, the New Zealand Pound was the first official currency of New Zealand. Until that point, both British and Australian coins circulated in New Zealand, and continued to do so until 1897. The Pound banknotes were produced by the six different trading banks until 1924, when a single uniform design was implemented. A decade later, the Reserve Bank of New Zealand was established.

• Central bank: The Reserve Bank of New Zealand
• The New Zealand dollar (also called the kiwi) replaced the New Zealand pound in 1967.
• In the past two decades New Zealand has transformed from an agrarian economy to a globally competitive, industrialized, free market economy.
• New Zealand exports include dairy products, meat, wood and wood products, fish, and machinery.
• The New Zealand dollar is among the 10 most-traded currencies.

Singapore Dollar

Currencies of Singapore Prior to Colonization As early as the 8th century AD, Chinese merchants introduced the first documented currency of the Malay Peninsula. Since there was no official currency at the time, Singapore's merchants usually used Spanish and Mexican Dollars. Paper money began to appear in the peninsula in the 18th and 19th centuries, issued by private banks such as the Asiatic Banking Corporation, the Chartered Mercantile Bank of India, and The Shanghai Banking Corporation.

• Central bank: The Monetary Authority of Singapore
• The Singapore dollar (also called Sing) is used by one of the world’s most prosperous countries.
• Singapore has a highly developed free-market economy characterized by stable prices and an open environment free of corruption.
• The economy is driven by exports, particularly in consumer electronics, IT products, pharmaceuticals and other chemicals.
• A growing financial services sector has positioned Singapore as the Southeast Asia’s financial hub.