Convert New Zealand Dollar to Canadian Dollar
Please provide values below to convert New Zealand Dollar [NZD] to Canadian Dollar [CAD], or Convert Canadian Dollar to New Zealand Dollar.
How to Convert New Zealand Dollar to Canadian Dollar
1 NZD = 1.22495412844037 CAD
Example: convert 15 NZD to CAD:
15 NZD = 15 × 1.22495412844037 CAD = 18.3743119266055 CAD
New Zealand Dollar to Canadian Dollar Conversion Table
| New Zealand Dollar | Canadian 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.
Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency markets.