Convert Manx pound to New Zealand Dollar
Please provide values below to convert Manx pound [IMP] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Manx pound.
How to Convert Manx Pound to New Zealand Dollar
1 IMP = 0.443559017375674 NZD
Example: convert 15 IMP to NZD:
15 IMP = 15 × 0.443559017375674 NZD = 6.65338526063511 NZD
Manx Pound to New Zealand Dollar Conversion Table
| Manx pound | New Zealand Dollar |
|---|
Manx Pound
The Manx pound (IMP) is the official currency of the Isle of Man, subdivided into 100 pence, and used as the island's legal tender.
History/Origin
The Manx pound has been in use since the Isle of Man established its own currency system, historically linked to the British pound, with banknotes issued by local banks since the 19th century.
Current Use
Today, the Manx pound is pegged to the British pound at par and is used alongside British currency for everyday transactions and local commerce on the Isle of Man.
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.