Convert New Zealand Dollar to Philippine Peso
Please provide values below to convert New Zealand Dollar [NZD] to Philippine Peso [PHP], or Convert Philippine Peso to New Zealand Dollar.
How to Convert New Zealand Dollar to Philippine Peso
1 NZD = 0.0293103720784022 PHP
Example: convert 15 NZD to PHP:
15 NZD = 15 × 0.0293103720784022 PHP = 0.439655581176033 PHP
New Zealand Dollar to Philippine Peso Conversion Table
| New Zealand Dollar | Philippine Peso |
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New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.