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NewBuy, Sell or Transfer New Zealand Dollar (NZD) in India at the best exchange rates
| Currency Name | Buy Rate (Card Rate) | Sell Rate |
|---|---|---|
| View Detailed Rate card | ||
The New Zealand Dollar is the official currency of New Zealand. It is one of the top 10 traded foreign currencies worldwide. The symbol of the New Zealand Dollar is NZ$ and it is abbreviated as "NZD" in forex trade. The currency subunit is cent is equal to 1/100th of a Dollar.
The New Zealand currency was introduced in the year 1967. The New Zealand Dollar replaced the Sterling Pound used as the currency. The NZD is used in New Zealand, Cook Island, Tokelau, and Niue. The currency of New Zealand is printed and circulated by the Reserve Bank of New Zealand. The banknote denomination currently circulated are NZ$5, NZ$10, NZ$20, and NZ$50, while the denominations of the coin include 10 c, 20 c, 50 c, NZ$1, and NZ$. The New Zealand Dollar is also called "Kiwi" as it is the national bird of the country. The national bird "kiwi" appears on the NZ$ 1 coin.
Understanding the factors that affect the currency exchange rate is very important as it gives us a clear understanding of the trading relations between two countries. The following are the most significant factors that affect the exchange rate between the New Zealand Dollar and the Indian Rupee.
1. Inflation: The inflation rate within the country affects the exchange rate. If the inflation rate is high it inversely affects the currency exchange rate while a low inflation rate increases the exchange rate of the country's currency.
2. Interest Rates: Interest rates and exchange rates are closely related. Higher interest rates will attract foreign investments and increase the exchange rate while a lower interest rate will decrease the exchange rates.
3. Economic Stability: Economic Stability is a significant factor that determines the exchange rate of the currencies.
4. Political Stability: A good political environment within the country has a direct impact on the exchange rates of the country.
The conversion rate determines the value of one currency to the other currency. Let us understand the value of the New Zealand dollar to the Indian Rupee. So, today's currency exchange rate is 1 NZD = 50.85 INR i.e., the value of 1 New Zealand Dollar is 50.85 Indian Rupee. So, if you are earning in New Zealand then sending money to India is beneficial as the NZD is a stronger currency today.
Above we have seen currency conversion of NZD to INR. Let us now see the conversion of INR to NZD. Today's currency exchange rate between INR to NZD is 50.85 INR for 1 NZD. So, if you want 100 NZD then you need to spend 50.85*100 = 5085.26 INR.
While dealing with foreign exchange or traveling to New Zealand from India or vice versa you will need foreign currency. The foreign currency exchange rates determine the value of the currency you will receive. Certain factors determine the foreign exchange currency rates of the New Zealand Dollar and the Indian Rupee they are as under:
1. The central banks of both countries namely the Reserve Bank of India and the Reserve Bank of New Zealand determine the exchange rates of their respective currencies
2. The demand and Supply of the currencies
3. The exchange rates whether fixed or floating
The above are certain factors that determine the New Zealand Dollar and Indian Rupee rates.
The Indian Rupee and the New Zealand Dollar are closely traded currencies on the foreign exchange market. However, these rates keep on fluctuating daily. The following table showcases the statistics of INR to NZD in the last 30 and 90 days.
We are a 24A—7 online portal to assist you with live exchange rates and to keep you away from any kind of contrariety.
Thomas Cook assures you comfort in foreign land by availing exchange rates at best competitive rates.
| Details | Particulars of the last 30 days | Particulars of the last 90 days |
| High Rate | 0.019983 | 0.019985 |
| Low Rate | 0.019282 | 0.018782 |
| Average Rate | 0.019653 | 0.019503 |
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