Convert New Zealand Dollar to Ethiopian Birr
Please provide values below to convert New Zealand Dollar [NZD] to Ethiopian Birr [ETB], or Convert Ethiopian Birr to New Zealand Dollar.
How to Convert New Zealand Dollar to Ethiopian Birr
1 NZD = 0.0122148287582005 ETB
Example: convert 15 NZD to ETB:
15 NZD = 15 × 0.0122148287582005 ETB = 0.183222431373008 ETB
New Zealand Dollar to Ethiopian Birr Conversion Table
| New Zealand Dollar | Ethiopian Birr |
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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.
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.