Convert Lesotho Loti to New Zealand Dollar
Please provide values below to convert Lesotho Loti [LSL] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Lesotho Loti.
How to Convert Lesotho Loti to New Zealand Dollar
1 LSL = 10.5252846015578 NZD
Example: convert 15 LSL to NZD:
15 LSL = 15 × 10.5252846015578 NZD = 157.879269023367 NZD
Lesotho Loti to New Zealand Dollar Conversion Table
| Lesotho Loti | New Zealand Dollar |
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Lesotho Loti
The Lesotho Loti (LSL) is the official currency of Lesotho, used for all monetary transactions within the country.
History/Origin
Introduced in 1980, the Loti replaced the South African Rand at par and has since been managed by the Central Bank of Lesotho, reflecting the country's monetary independence.
Current Use
The Loti is actively used in Lesotho for everyday transactions, banking, and trade, and is pegged at par to the South African Rand.
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.