Convert New Zealand Dollar to Peruvian Nuevo Sol
Please provide values below to convert New Zealand Dollar [NZD] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to New Zealand Dollar.
How to Convert New Zealand Dollar to Peruvian Nuevo Sol
1 NZD = 0.469123310003654 PEN
Example: convert 15 NZD to PEN:
15 NZD = 15 × 0.469123310003654 PEN = 7.03684965005481 PEN
New Zealand Dollar to Peruvian Nuevo Sol Conversion Table
| New Zealand Dollar | Peruvian Nuevo Sol |
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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.
Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.