The New Zealand dollar is performing well while investors are strategising and leaving the euro, with Greek and European Union officials meeting to study the decisions made between private bondholders on how to lower Greece's borrowing costs.

"Certainly as far as the kiwi goes, it is plain sailing," head of institutional FX sales at ASB Institutional Tim Kelleher told NZTV.

The New Zealand dollar was trading at 62.47 euro cents at 8.30 a.m. on Monday, up from 61.83 cents on Friday at 5pm. It was at 80.48 US cents, up from 80.13.

Investors are on standby, waiting for announcements regarding the talks between Greece and private creditors. Greece must strike a deal with bondholders to finance a 14.5-billion euro bond payment on March 20 or risk default, potentially triggering its exit from the euro, NZTV reported.

Talks broke down between private creditors in Athens as Greek officials met to consult with European Union representatives, Bloomberg reported.

"Today should be pretty quiet anyway, given it is Wellington Anniversary Day and half the market is closed," Mr Kelleher noted.

The New Zealand dollar was trading at 76.93 Australian cents, down from 77.04 cents. It gained to 61.91 yen from 61.8. It was little changed to 51.73 British pence from 51.76 pence.