Convert New Zealand Dollar to Armenian Dram
Please provide values below to convert New Zealand Dollar [NZD] to Armenian Dram [AMD], or Convert Armenian Dram to New Zealand Dollar.
How to Convert New Zealand Dollar to Armenian Dram
1 NZD = 0.00434575436202816 AMD
Example: convert 15 NZD to AMD:
15 NZD = 15 × 0.00434575436202816 AMD = 0.0651863154304224 AMD
New Zealand Dollar to Armenian Dram Conversion Table
| New Zealand Dollar | Armenian Dram |
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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.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.