Convert New Taiwan Dollar to New Zealand Dollar
Please provide values below to convert New Taiwan Dollar [TWD] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to New Taiwan Dollar.
How to Convert New Taiwan Dollar to New Zealand Dollar
1 TWD = 17.5943678849611 NZD
Example: convert 15 TWD to NZD:
15 TWD = 15 × 17.5943678849611 NZD = 263.915518274416 NZD
New Taiwan Dollar to New Zealand Dollar Conversion Table
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.