Convert Angolan Kwanza to New Zealand Dollar
Please provide values below to convert Angolan Kwanza [AOA] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Angolan Kwanza.
How to Convert Angolan Kwanza to New Zealand Dollar
1 AOA = 550.928819652486 NZD
Example: convert 15 AOA to NZD:
15 AOA = 15 × 550.928819652486 NZD = 8263.9322947873 NZD
Angolan Kwanza to New Zealand Dollar Conversion Table
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Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.
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.