Convert Solomon Islands Dollar to New Zealand Dollar
Please provide values below to convert Solomon Islands Dollar [SBD] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Solomon Islands Dollar.
How to Convert Solomon Islands Dollar to New Zealand Dollar
1 SBD = 4.93738765727981 NZD
Example: convert 15 SBD to NZD:
15 SBD = 15 × 4.93738765727981 NZD = 74.0608148591971 NZD
Solomon Islands Dollar to New Zealand Dollar Conversion Table
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Solomon Islands Dollar
The Solomon Islands Dollar (SBD) is the official currency of the Solomon Islands, used for all monetary transactions within the country.
History/Origin
The Solomon Islands Dollar was introduced in 1977, replacing the Australian dollar at par, to establish a distinct national currency following independence from British rule.
Current Use
The SBD is widely used in the Solomon Islands for everyday transactions, banking, and trade, and is pegged to a basket of currencies to maintain stability.
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.