新西兰元的利率与汇率

新西兰商业银行同业隔夜拆放利率
Overnight Interbank Cash Rate
Jan 1985 14.89
Feb 1985 20.30
Mar 1985 67.32
Apr 1985 17.43
May 1985 21.20
Jun 1985 21.75
Jul 1985 22.41
Aug 1985 23.31
Sep 1985 24.64
Oct 1985 23.58
Nov 1985 20.60
Dec 1985 19.49
Jan 1986 17.21
Feb 1986 19.06
Mar 1986 19.45
Apr 1986 21.23
May 1986 17.86
Jun 1986 14.66
Jul 1986 15.35
Aug 1986 15.72
Sep 1986 14.50
Oct 1986 16.30
Nov 1986 18.27
Dec 1986 22.74
Jan 1987 23.29
Feb 1987 25.42
Mar 1987 27.20
Apr 1987 31.13
May 1987 22.57
Jun 1987 18.98
Jul 1987 17.91
Aug 1987 16.63
Sep 1987 18.31
Oct 1987 20.13
Nov 1987 17.94
Dec 1987 16.34
Jan 1988 15.34
Feb 1988 16.70
Mar 1988 15.50
Apr 1988 17.76
May 1988 17.18
Jun 1988 15.94
Jul 1988 15.08
Aug 1988 14.42
Sep 1988 14.27
Oct 1988 14.68
Nov 1988 13.28
Dec 1988 13.10
Jan 1989 13.36
Feb 1989 13.74
Mar 1989 12.80
Apr 1989 14.02
May 1989 13.74
Jun 1989 13.40
Jul 1989 13.13
Aug 1989 13.13
Sep 1989 13.73
Oct 1989 13.23
Nov 1989 13.29
Dec 1989 13.18
Jan 1990 13.51
Feb 1990 13.73
Mar 1990 13.12
Apr 1990 13.23
May 1990 12.82
Jun 1990 13.68
Jul 1990 13.45
Aug 1990 14.55
Sep 1990 13.87
Oct 1990 13.98
Nov 1990 13.41
Dec 1990 11.63
Jan 1991 11.75
Feb 1991 11.75
Mar 1991 11.77
Apr 1991 11.11
May 1991 10.29
Jun 1991 10.12
Jul 1991 9.98
Aug 1991 9.54
Sep 1991 8.92
Oct 1991 7.96
Nov 1991 8.28
Dec 1991 7.75
Jan 1992 7.31
Feb 1992 7.28
Mar 1992 7.04
Apr 1992 6.81
May 1992 6.75
Jun 1992 6.69
Jul 1992 6.18
Aug 1992 6.08
Sep 1992 6.26
Oct 1992 6.15
Nov 1992 6.04
Dec 1992 7.01
Jan 1993 10.07
Feb 1993 7.57
Mar 1993 7.06
Apr 1993 6.91
May 1993 6.26
Jun 1993 5.91
Jul 1993 5.26
Aug 1993 5.28
Sep 1993 4.90
Oct 1993 5.12
Nov 1993 5.91
Dec 1993 4.80
Jan 1994 4.54
Feb 1994 4.32
Mar 1994 5.70
Apr 1994 6.84
May 1994 5.29
Jun 1994 5.14
Jul 1994 6.39
Aug 1994 5.90
Sep 1994 6.41
Oct 1994 7.14
Nov 1994 7.44
Dec 1994 8.40
Jan 1995 8.40
Feb 1995 8.78
Mar 1995 9.15
Apr 1995 8.98
May 1995 8.98
Jun 1995 9.01
Jul 1995 8.87
Aug 1995 9.08
Sep 1995 9.52
Oct 1995 8.86
Nov 1995 8.48
Dec 1995 8.75
Jan 1996 8.81
Feb 1996 8.55
Mar 1996 9.07
Apr 1996 9.28
May 1996 9.68
Jun 1996 9.53
Jul 1996 9.86
Aug 1996 9.91
Sep 1996 9.98
Oct 1996 10.00
Nov 1996 9.44
Dec 1996 8.40
Jan 1997 7.63
Feb 1997 7.31
Mar 1997 7.44
Apr 1997 7.15
May 1997 6.57
Jun 1997 6.67
Jul 1997 7.77
Aug 1997 8.10
Sep 1997 7.87
Oct 1997 7.34
Nov 1997 7.11
Dec 1997 7.63
Jan 1998 8.66
Feb 1998 8.77
Mar 1998 8.60
Apr 1998 9.16
May 1998 8.60
Jun 1998 8.91
Jul 1998 7.10
Aug 1998 5.98
Sep 1998 5.43
Oct 1998 4.07
Nov 1998 3.55
Dec 1998 3.49
Jan 1999 3.35
Feb 1999 3.30
Mar 1999 4.07
Apr 1999 4.50
May 1999 4.50
Jun 1999 4.54
Jul 1999 4.51
Aug 1999 4.50
Sep 1999 4.50
Oct 1999 4.50
Nov 1999 4.71
Dec 1999 5.00
Jan 2000 5.12
Feb 2000 5.26
Mar 2000 5.51
Apr 2000 5.82
May 2000 6.24
Jun 2000 6.50
Jul 2000 6.50
Aug 2000 6.50
Sep 2000 6.50
Oct 2000 6.50
Nov 2000 6.50
Dec 2000 6.51
Jan 2001 6.50
Feb 2001 6.50
Mar 2001 6.35
Apr 2001 6.15
May 2001 5.87
Jun 2001 5.75
Jul 2001 5.75
Aug 2001 5.76
Sep 2001 5.55
Oct 2001 5.25
Nov 2001 4.96
Dec 2001 4.75
Jan 2002 4.75
Feb 2002 4.75
Mar 2002 4.84
Apr 2002 5.11
May 2002 5.39
Jun 2002 5.50
Jul 2002 5.73
Aug 2002 5.75
Sep 2002 5.75
Oct 2002 5.75
Nov 2002 5.75
Dec 2002 5.75
Jan 2003 5.75
Feb 2003 5.75
Mar 2003 5.75
Apr 2003 5.70
May 2003 5.51
Jun 2003 5.28
Jul 2003 5.19
Aug 2003 5.00
Sep 2003 5.00
Oct 2003 5.00
Nov 2003 5.00
Dec 2003 5.00
Jan 2004 5.03
Feb 2004 5.25
Mar 2004 5.25
Apr 2004 5.28
May 2004 5.50
Jun 2004 5.68
Jul 2004 5.77
Aug 2004 6.00
Sep 2004 6.18
Oct 2004 6.28
Nov 2004 6.50
Dec 2004 6.50
Jan 2005 6.50
Feb 2005 6.50
Mar 2005 6.67
Apr 2005 6.75
May 2005 6.75
Jun 2005 6.75
(根据新西兰储备银行官方网站商业银行http://www.rbnz.govt.nz资料整理) 

简短评论：在主要资本主义国家，新西兰的利率水平是比较高的，应该说，在最近几年的大多数时间，它可能是最高的。因此，新西兰货币的汇率出现不断升值。这是利率主导汇率的又一个实例。不过，利率与汇率的关系不能只看名义利率，我们比较的应该是国家间的真实利率（名义利率—通货膨胀率），这一点是必须严格区分的。

新西兰元(NZ$1)与美圆(USA$)的汇率( Mid-rates )

Jan 1985 0.4707
Feb 1985 0.4487
Mar 1985 0.4522
Apr 1985 0.4553
May 1985 0.4526
Jun 1985 0.4525
Jul 1985 0.4517
Aug 1985 0.5383
Sep 1985 0.5330
Oct 1985 0.5728
Nov 1985 0.5726
Dec 1985 0.5263
Jan 1986 0.5157
Feb 1986 0.5324
Mar 1986 0.5287
Apr 1986 0.5581
May 1986 0.5669
Jun 1986 0.5453
Jul 1986 0.5333
Aug 1986 0.5018
Sep 1986 0.4796
Oct 1986 0.5036
Nov 1986 0.5146
Dec 1986 0.5131
Jan 1987 0.5357
Feb 1987 0.5471
Mar 1987 0.5636
Apr 1987 0.5777
May 1987 0.5770
Jun 1987 0.5875
Jul 1987 0.5962
Aug 1987 0.5890
Sep 1987 0.6321
Oct 1987 0.6421
Nov 1987 0.6179
Dec 1987 0.6473
Jan 1988 0.6589
Feb 1988 0.6639
Mar 1988 0.6631
Apr 1988 0.6620
May 1988 0.6897
Jun 1988 0.7026
Jul 1988 0.6685
Aug 1988 0.6525
Sep 1988 0.6153
Oct 1988 0.6206
Nov 1988 0.6410
Dec 1988 0.6380
Jan 1989 0.6253
Feb 1989 0.6168
Mar 1989 0.6160
Apr 1989 0.6123
May 1989 0.6074
Jun 1989 0.5744
Jul 1989 0.5766
Aug 1989 0.5912
Sep 1989 0.5922
Oct 1989 0.5877
Nov 1989 0.5877
Dec 1989 0.5947
Jan 1990 0.6028
Feb 1990 0.5919
Mar 1990 0.5857
Apr 1990 0.5790
May 1990 0.5739
Jun 1990 0.5825
Jul 1990 0.5918
Aug 1990 0.6141
Sep 1990 0.6219
Oct 1990 0.6130
Nov 1990 0.6111
Dec 1990 0.5972
Jan 1991 0.5952
Feb 1991 0.6019
Mar 1991 0.5947
Apr 1991 0.5897
May 1991 0.5869
Jun 1991 0.5770
Jul 1991 0.5680
Aug 1991 0.5742
Sep 1991 0.5801
Oct 1991 0.5649
Nov 1991 0.5634
Dec 1991 0.5540
Jan 1992 0.5413
Feb 1992 0.5420
Mar 1992 0.5482
Apr 1992 0.5423
May 1992 0.5357
Jun 1992 0.5423
Jul 1992 0.5464
Aug 1992 0.5409
Sep 1992 0.5411
Oct 1992 0.5401
Nov 1992 0.5211
Dec 1992 0.5164
Jan 1993 0.5133
Feb 1993 0.5159
Mar 1993 0.5300
Apr 1993 0.5393
May 1993 0.5430
Jun 1993 0.5397
Jul 1993 0.5478
Aug 1993 0.5529
Sep 1993 0.5515
Oct 1993 0.5526
Nov 1993 0.5475
Dec 1993 0.5556
Jan 1994 0.5627
Feb 1994 0.5745
Mar 1994 0.5720
Apr 1994 0.5689
May 1994 0.5837
Jun 1994 0.5915
Jul 1994 0.6006
Aug 1994 0.6015
Sep 1994 0.6030
Oct 1994 0.6087
Nov 1994 0.6207
Dec 1994 0.6369
Jan 1995 0.6410
Feb 1995 0.6347
Mar 1995 0.6462
Apr 1995 0.6675
May 1995 0.6681
Jun 1995 0.6696
Jul 1995 0.6741
Aug 1995 0.6580
Sep 1995 0.6555
Oct 1995 0.6590
Nov 1995 0.6526
Dec 1995 0.6507
Jan 1996 0.6606
Feb 1996 0.6753
Mar 1996 0.6804
Apr 1996 0.6824
May 1996 0.6859
Jun 1996 0.6761
Jul 1996 0.6895
Aug 1996 0.6887
Sep 1996 0.6960
Oct 1996 0.7006
Nov 1996 0.7100
Dec 1996 0.7060
Jan 1997 0.7019
Feb 1997 0.6912
Mar 1997 0.6982
Apr 1997 0.6919
May 1997 0.6920
Jun 1997 0.6876
Jul 1997 0.6623
Aug 1997 0.6426
Sep 1997 0.6358
Oct 1997 0.6369
Nov 1997 0.6235
Dec 1997 0.5925
Jan 1998 0.5786
Feb 1998 0.5821
Mar 1998 0.5732
Apr 1998 0.5531
May 1998 0.5387
Jun 1998 0.5101
Jul 1998 0.5188
Aug 1998 0.5019
Sep 1998 0.5044
Oct 1998 0.5224
Nov 1998 0.5340
Dec 1998 0.5226
Jan 1999 0.5392
Feb 1999 0.5444
Mar 1999 0.5321
Apr 1999 0.5417
May 1999 0.5528
Jun 1999 0.5327
Jul 1999 0.5267
Aug 1999 0.5271
Sep 1999 0.5224
Oct 1999 0.5148
Nov 1999 0.5124
Dec 1999 0.5085
Jan 2000 0.5138
Feb 2000 0.4914
Mar 2000 0.4908
Apr 2000 0.4969
May 2000 0.4712
Jun 2000 0.4699
Jul 2000 0.4609
Aug 2000 0.4464
Sep 2000 0.4188
Oct 2000 0.4012
Nov 2000 0.3988
Dec 2000 0.4284
Jan 2001 0.4445
Feb 2001 0.4351
Mar 2001 0.4199
Apr 2001 0.4066
May 2001 0.4221
Jun 2001 0.4148
Jul 2001 0.4087
Aug 2001 0.4306
Sep 2001 0.4198
Oct 2001 0.4141
Nov 2001 0.4163
Dec 2001 0.4157
Jan 2002 0.4246
Feb 2002 0.4188
Mar 2002 0.4318
Apr 2002 0.4427
May 2002 0.4601
Jun 2002 0.4897
Jul 2002 0.4816
Aug 2002 0.4638
Sep 2002 0.4699
Oct 2002 0.4806
Nov 2002 0.4968
Dec 2002 0.5095
Jan 2003 0.5409
Feb 2003 0.5534
Mar 2003 0.5541
Apr 2003 0.5509
May 2003 0.5762
Jun 2003 0.5809
Jul 2003 0.5860
Aug 2003 0.5823
Sep 2003 0.5838
Oct 2003 0.6010
Nov 2003 0.6277
Dec 2003 0.6466
Jan 2004 0.6724
Feb 2004 0.6916
Mar 2004 0.6614
Apr 2004 0.6419
May 2004 0.6156
Jun 2004 0.6293
Jul 2004 0.6466
Aug 2004 0.6542
Sep 2004 0.6588
Oct 2004 0.6825
Nov 2004 0.6993
Dec 2004 0.7142
Jan 2005 0.7040
Feb 2005 0.7143
Mar 2005 0.7306
Apr 2005 0.7185
May 2005 0.7191
Jun 2005 0.7085
(根据新西兰储备银行官方网站商业银行http://www.rbnz.govt.nz资料整理)