Convert New Zealand Dollar to Lesotho Loti
Please provide values below to convert New Zealand Dollar [NZD] to Lesotho Loti [LSL], or Convert Lesotho Loti to New Zealand Dollar.
How to Convert New Zealand Dollar to Lesotho Loti
1 NZD = 0.0950093073827184 LSL
Example: convert 15 NZD to LSL:
15 NZD = 15 × 0.0950093073827184 LSL = 1.42513961074078 LSL
New Zealand Dollar to Lesotho Loti Conversion Table
| New Zealand Dollar | Lesotho Loti |
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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.
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.