Convert New Zealand Dollar to Nicaraguan Córdoba
Please provide values below to convert New Zealand Dollar [NZD] to Nicaraguan Córdoba [NIO], or Convert Nicaraguan Córdoba to New Zealand Dollar.
How to Convert New Zealand Dollar to Nicaraguan Córdoba
1 NZD = 0.0453702747225862 NIO
Example: convert 15 NZD to NIO:
15 NZD = 15 × 0.0453702747225862 NIO = 0.680554120838793 NIO
New Zealand Dollar to Nicaraguan Córdoba Conversion Table
| New Zealand Dollar | Nicaraguan Córdoba |
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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.
Nicaraguan Córdoba
The Nicaraguan Córdoba (NIO) is the official currency of Nicaragua, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Nicaraguan Córdoba was introduced in 1912, replacing the Nicaraguan peso. It has undergone several redenominations and reforms, with the current version being issued in 1998 to stabilize the economy after periods of inflation.
Current Use
Today, the Nicaraguan Córdoba is the primary legal tender in Nicaragua, used in all financial transactions, banking, and commerce across the country.