Convert Kazakhstani Tenge to New Zealand Dollar
Please provide values below to convert Kazakhstani Tenge [KZT] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Kazakhstani Tenge.
How to Convert Kazakhstani Tenge to New Zealand Dollar
1 KZT = 320.37639304973 NZD
Example: convert 15 KZT to NZD:
15 KZT = 15 × 320.37639304973 NZD = 4805.64589574596 NZD
Kazakhstani Tenge to New Zealand Dollar Conversion Table
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Kazakhstani Tenge
The Kazakhstani Tenge (KZT) is the official currency of Kazakhstan, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 following Kazakhstan's independence from the Soviet Union, the Tenge replaced the Soviet ruble and has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Tenge is actively used in Kazakhstan for everyday transactions, banking, and trade, and is managed by the National Bank of Kazakhstan. It features modern security features and is available in both cash and digital forms.
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.