Convert New Zealand Dollar to Iranian Rial
Please provide values below to convert New Zealand Dollar [NZD] to Iranian Rial [IRR], or Convert Iranian Rial to New Zealand Dollar.
How to Convert New Zealand Dollar to Iranian Rial
1 NZD = 3.93282539122181e-05 IRR
Example: convert 15 NZD to IRR:
15 NZD = 15 × 3.93282539122181e-05 IRR = 0.000589923808683272 IRR
New Zealand Dollar to Iranian Rial Conversion Table
| New Zealand Dollar | Iranian Rial |
|---|
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.
Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.