The New Zealand dollar extended gains in the local trading session as Asian Pacific stock markets rallied on the prospect European policymakers will finally ratify Greece's bail-out.
The New Zealand dollar rose to 84.12 US cents at 5pm from 83.84 cents just after 8am in Wellington and up from 83.36 cents on Friday in New York.
The trade-weighted index advanced to 74.08 from 73.53.
Stocks rallied today as investor sentiment was optimistic finance chiefs from the Euro-zone area would sign off on a 130 billion euro package to stave off a Greek default on repaying sovereign debt.
Greece's debt woes have lingered for the past 18 months as the region's leaders struggle to reach agreement on what's required for the Mediterranean nation in return for a bail-out.
Japan's Nikkei 225 Index rose 1.4 percent to 4512.93, Hong Kong's Hang Seng gained 0.7 percent to 21637.84 and Australia's ASX/S&P 200 Index climbed 1.1 percent to 42.43.40 in afternoon trading.
"The risk-reward for dipping your toe into the currency world is not great, and it's very much a case of the market saying it will wait and see," said Mike Jones, currency strategist at Bank of New Zealand.
Investor sentiment was bolstered after the People's Bank of China cut lenders' reserve ratio requirements by half a percentage point, meaning banks won't have to hold as much cash in relation to their loan book.
The kiwi rose to 66.93 yen at 5pm from 66.29 yen last week.
The kiwi rose to 78 Australian cents from 77.78 cents last week, and climbed to 63.66 euro cents from 63.24 cents.
It gained to 52.98 pence from 52.61 pence on Friday.
NZN