Convert Maldivian Rufiyaa to New Zealand Dollar
Please provide values below to convert Maldivian Rufiyaa [MVR] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Maldivian Rufiyaa.
How to Convert Maldivian Rufiyaa to New Zealand Dollar
1 MVR = 9.24997004194128 NZD
Example: convert 15 MVR to NZD:
15 MVR = 15 × 9.24997004194128 NZD = 138.749550629119 NZD
Maldivian Rufiyaa to New Zealand Dollar Conversion Table
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Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.
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.