Convert New Zealand Dollar to Brazilian Real
Please provide values below to convert New Zealand Dollar [NZD] to Brazilian Real [BRL], or Convert Brazilian Real to New Zealand Dollar.
How to Convert New Zealand Dollar to Brazilian Real
1 NZD = 0.299802407041495 BRL
Example: convert 15 NZD to BRL:
15 NZD = 15 × 0.299802407041495 BRL = 4.49703610562242 BRL
New Zealand Dollar to Brazilian Real Conversion Table
| New Zealand Dollar | Brazilian Real |
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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.
Brazilian Real
The Brazilian Real (BRL) is the official currency of Brazil, used for all monetary transactions within the country.
History/Origin
Introduced in 1994 to stabilize the Brazilian economy and curb hyperinflation, the Real replaced the Cruzeiro and has undergone several reforms and currency changes since its inception.
Current Use
The BRL is widely used in Brazil for everyday transactions, banking, and international trade, and is recognized as a stable currency in Latin America.