Convert New Zealand Dollar to São Tomé and Príncipe Dobra
Please provide values below to convert New Zealand Dollar [NZD] to São Tomé and Príncipe Dobra [STN], or Convert São Tomé and Príncipe Dobra to New Zealand Dollar.
How to Convert New Zealand Dollar to São Tomé And Príncipe Dobra
1 NZD = 0.0799203191066546 STN
Example: convert 15 NZD to STN:
15 NZD = 15 × 0.0799203191066546 STN = 1.19880478659982 STN
New Zealand Dollar to São Tomé And Príncipe Dobra Conversion Table
| New Zealand Dollar | São Tomé and Príncipe Dobra |
|---|
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.
São Tomé And Príncipe Dobra
The São Tomé and Príncipe Dobra (STN) is the official currency of São Tomé and Príncipe, used for all monetary transactions within the country.
History/Origin
The Dobra was introduced in 1977, replacing the São Tomé and Príncipe escudo at par, and has undergone various redenominations and updates since its inception to stabilize the economy and modernize the currency system.
Current Use
Today, the Dobra remains the official currency, with banknotes and coins in circulation, and is used for everyday transactions, though it is subject to inflation and economic fluctuations.