Convert New Zealand Dollar to Rwandan Franc
Please provide values below to convert New Zealand Dollar [NZD] to Rwandan Franc [RWF], or Convert Rwandan Franc to New Zealand Dollar.
How to Convert New Zealand Dollar to Rwandan Franc
1 NZD = 0.00115312458070552 RWF
Example: convert 15 NZD to RWF:
15 NZD = 15 × 0.00115312458070552 RWF = 0.0172968687105829 RWF
New Zealand Dollar to Rwandan Franc Conversion Table
| New Zealand Dollar | Rwandan Franc |
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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.
Rwandan Franc
The Rwandan Franc (RWF) is the official currency of Rwanda, used for all monetary transactions within the country.
History/Origin
The Rwandan Franc was introduced in 1964, replacing the Rwandan Congolese franc, and has undergone various redenominations and updates since then to stabilize the economy and facilitate trade.
Current Use
Today, the Rwandan Franc is widely used in Rwanda for everyday transactions, banking, and trade, with coins and banknotes issued by the National Bank of Rwanda.