The kiwi rose to 86.50 US cents at 5pm in Wellington from 85.53 cents at 8am and 85.48 at 5pm on Wednesday.
The trade-weighted index advanced to 80.69 from 79.79.
Mr Wheeler hiked the OCR a quarter-point to 3.25 per cent, his third increase since he began his tightening cycle in March in a bid to fend off inflationary pressures.
He gave no indication of a slower pace for further increases, though the market had moderated its expectations for hikes in the OCR this year.
The market was “massively surprised” by Mr Wheeler’s firm stance, said Imre Speizer, senior market strategist at Westpac Banking Corp.
“Some market participants would have focused on the negatives and not really thought too much about the positives. But if you thought about all of the positives and negatives together you would have come to the conclusion that they roughly cancel each other out and that there should not be too much change to track.”
Across the Tasman, Australian unemployment figures remained steady at 5.8 per cent, a “slightly disappointing” result which showed a pick-up in the economy “but at a very sluggish pace”, Mr Speizer said.
The kiwi jumped over a cent to 92.22 Australian cents, from 91.12 cents at 8am and 91.08 cents on Wednesday.
The kiwi touched a 13-month high of 63.87 euro cents at 5pm from 63.22 cents at 8am and rose to 88.28 yen from 87.26 yen.
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