Convert Qatari Rial to New Zealand Dollar
Please provide values below to convert Qatari Rial [QAR] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Qatari Rial.
How to Convert Qatari Rial to New Zealand Dollar
1 QAR = 2.18094667465548 NZD
Example: convert 15 QAR to NZD:
15 QAR = 15 × 2.18094667465548 NZD = 32.7142001198322 NZD
Qatari Rial to New Zealand Dollar Conversion Table
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Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.
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.