Convert New Zealand Dollar to Nigerian Naira
Please provide values below to convert New Zealand Dollar [NZD] to Nigerian Naira [NGN], or Convert Nigerian Naira to New Zealand Dollar.
How to Convert New Zealand Dollar to Nigerian Naira
1 NZD = 0.00109034875415732 NGN
Example: convert 15 NZD to NGN:
15 NZD = 15 × 0.00109034875415732 NGN = 0.0163552313123598 NGN
New Zealand Dollar to Nigerian Naira Conversion Table
| New Zealand Dollar | Nigerian Naira |
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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.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.