Convert New Zealand Dollar to Thai Baht
Please provide values below to convert New Zealand Dollar [NZD] to Thai Baht [THB], or Convert Thai Baht to New Zealand Dollar.
How to Convert New Zealand Dollar to Thai Baht
1 NZD = 0.0518120238664374 THB
Example: convert 15 NZD to THB:
15 NZD = 15 × 0.0518120238664374 THB = 0.77718035799656 THB
New Zealand Dollar to Thai Baht Conversion Table
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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.
Thai Baht
The Thai Baht (THB) is the official currency of Thailand, used for all monetary transactions within the country.
History/Origin
The Thai Baht has been the official currency of Thailand since the late 19th century, evolving from the traditional tical and undergoing various reforms, including decimalization in 1897 and a series of currency reforms to stabilize its value.
Current Use
The Thai Baht is widely used in Thailand for everyday transactions, banking, and international trade. It is also traded on the foreign exchange market and is considered a stable currency in Southeast Asia.