Convert Japanese Yen to New Zealand Dollar
Please provide values below to convert Japanese Yen [JPY] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Japanese Yen.
How to Convert Japanese Yen to New Zealand Dollar
1 JPY = 87.9755542240863 NZD
Example: convert 15 JPY to NZD:
15 JPY = 15 × 87.9755542240863 NZD = 1319.63331336129 NZD
Japanese Yen to New Zealand Dollar Conversion Table
| Japanese Yen | New Zealand Dollar |
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Japanese Yen
The Japanese Yen (JPY) is the official currency of Japan, used as the country's primary medium of exchange.
History/Origin
Introduced in 1871 during the Meiji Restoration, the Yen replaced the previous complex monetary system and has undergone various reforms, including decimalization in 1954, to modernize Japan's currency system.
Current Use
The Yen is widely used in Japan for everyday transactions, banking, and international trade, and is one of the most traded currencies globally.
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.