Convert New Zealand Dollar to New Taiwan Dollar
Please provide values below to convert New Zealand Dollar [NZD] to New Taiwan Dollar [TWD], or Convert New Taiwan Dollar to New Zealand Dollar.
How to Convert New Zealand Dollar to New Taiwan Dollar
1 NZD = 0.0568363698280266 TWD
Example: convert 15 NZD to TWD:
15 NZD = 15 × 0.0568363698280266 TWD = 0.852545547420399 TWD
New Zealand Dollar to New Taiwan Dollar Conversion Table
| New Zealand Dollar | New Taiwan Dollar |
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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.
New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.