Convert New Zealand Dollar to Qatari Rial
Please provide values below to convert New Zealand Dollar [NZD] to Qatari Rial [QAR], or Convert Qatari Rial to New Zealand Dollar.
How to Convert New Zealand Dollar to Qatari Rial
1 NZD = 0.458516483516483 QAR
Example: convert 15 NZD to QAR:
15 NZD = 15 × 0.458516483516483 QAR = 6.87774725274725 QAR
New Zealand Dollar to Qatari Rial Conversion Table
| New Zealand Dollar | Qatari Rial |
|---|
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.
Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.