Convert Bitcoin to New Zealand Dollar
Please provide values below to convert Bitcoin [BTC] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Bitcoin.
How to Convert Bitcoin to New Zealand Dollar
1 BTC = 5.06285742995571e-06 NZD
Example: convert 15 BTC to NZD:
15 BTC = 15 × 5.06285742995571e-06 NZD = 7.59428614493357e-05 NZD
Bitcoin to New Zealand Dollar Conversion Table
| Bitcoin | New Zealand Dollar |
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Bitcoin
Bitcoin (BTC) is a decentralized digital currency that enables peer-to-peer transactions without the need for a central authority or intermediary.
History/Origin
Bitcoin was created in 2009 by an anonymous person or group known as Satoshi Nakamoto, introducing blockchain technology to ensure secure and transparent transactions. It was the first cryptocurrency and sparked the development of numerous other digital currencies.
Current Use
Bitcoin is widely used for online purchases, investment, remittances, and as a store of value. It is also accepted by some merchants and businesses worldwide and is increasingly integrated into financial markets and services.
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.