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RAFFLES to NZD Converter and calculator

RAFFLES/NZD: 1 RAFFLES = 0.00 NZD. The price of converting 1 Degen Raffles (RAFFLES) to New Zealand Dollar (NZD) is 0.00 NZD today.
RAFFLES
RAFFLES
NZD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides RAFFLES to NZD real-time exchange rates, making it easy to convert Degen Raffles (RAFFLES) to New Zealand Dollar (NZD). The conversion result is based on real-time data. The conversion result shows that 1 RAFFLES is currently valued at 0 NZD. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 RAFFLES is currently valued at 0 NZD, which means buying 5 RAFFLES would cost 0 NZD. Similarly, NZ$1 NZD can be converted to Infinity RAFFLES, and NZ$50 NZD can be converted to Infinity RAFFLES, excluding any platform or gas fees.

Convert RAFFLES to NZD

Convert NZD to RAFFLES

Degen Raffles
New Zealand Dollar
100 RAFFLES
0.00  NZD
200 RAFFLES
0.00  NZD
500 RAFFLES
0.00  NZD
1000 RAFFLES
0.00  NZD
5000 RAFFLES
0.00  NZD
10000 RAFFLES
0.00  NZD
In the table above, you'll find a comprehensive RAFFLES to NZD converter that shows the value of Degen Raffles in New Zealand Dollar across commonly used conversion amounts. The list covers conversions from 1 RAFFLES to NZD, all the way up to 10000 RAFFLES, providing a clear view of their respective values.
New Zealand Dollar
Degen Raffles
10 NZD
Infinity RAFFLES
50 NZD
Infinity RAFFLES
100 NZD
Infinity RAFFLES
200 NZD
Infinity RAFFLES
500 NZD
Infinity RAFFLES
1000 NZD
Infinity RAFFLES
2000 NZD
Infinity RAFFLES
5000 NZD
Infinity RAFFLES
10000 NZD
Infinity RAFFLES
50000 NZD
Infinity RAFFLES
100000 NZD
Infinity RAFFLES
In the table above, you'll find a comprehensive NZD to RAFFLES converter that shows the value of New Zealand Dollar in Degen Raffles across commonly used conversion amounts. The list covers conversions from 1 NZD to RAFFLES, all the way up to 100000 NZD, providing a clear view of their respective values.

RAFFLES to NZD chart

RAFFLES/NZD: 1 RAFFLES = 0 NZD; 2025/04/27 12:11:37
In the past 1D, Degen Raffles has changed -2.38% to NZD. Based on the trend and price charts, Degen Raffles(RAFFLES) has changed -2.38% to NZD while New Zealand Dollar(NZD) has changed % to RAFFLES in the last 24 hours.
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RAFFLES to NZD conversion data: Volatility and price changes of Degen Raffles in NZD

The highest Degen Raffles price in NZD over the past 7 days was 0.{4}1298 NZD while the lowest Degen Raffles price in NZD over the past 7 days was 0.{4}1069 NZD. The relative change between the highs and lows in Degen Raffles price in NZD over the last 7 days indicates a volatility of %. You can view additional volatility data and RAFFLES to NZD prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.{4}1298 NZD
0.{4}1298 NZD
0.{4}5274 NZD
0.{4}5274 NZD
Low
0.{4}1222 NZD
0.{4}1069 NZD
0.{5}9046 NZD
0.{5}9016 NZD
Average
0 NZD
0 NZD
0 NZD
0 NZD
Volatility
%
%
%
%
Change
-2.38%
+15.08%
+40.08%
+36.68%

Degen Raffles information

RAFFLES to NZD market statistics

RAFFLES/NZD:
--
RAFFLES 24h volume:
--
RAFFLES market cap:
--
RAFFLES circulating supply:
0 RAFFLES

Current RAFFLES to NZD exchange rate

Degen Raffles to New Zealand Dollar is rising this week.
Degen Raffles's current market price is NZ$0 per RAFFLES, with a total market cap of NZ$0 NZD based on a circulating supply of -- RAFFLES. The trading volume of Degen Raffles has changed by 0.00% (NZ$0 NZD) in the last 24 hours. Last trading day, RAFFLES's trading volume was NZ$0.

More info about Degen Raffles on Bitget

New Zealand Dollar information

About the New Zealand Dollar (NZD)

What Is the New Zealand Dollar (NZD)?

The New Zealand dollar, known as the "Kiwi" or "Kiwi dollar," is the official currency and legal tender of New Zealand, as well as the Cook Islands, Niue, the Ross Dependency, Tokelau, and the British territory of the Pitcairn Islands. It is commonly represented by the dollar sign ($), with the code NZD. Internationally, it's sometimes distinguished from other dollar-denominated currencies by the abbreviations "$NZ" or "NZ$."

The New Zealand Dollar (NZD) is issued by the Reserve Bank of New Zealand, which is the central bank of New Zealand. The Reserve Bank is responsible for maintaining monetary stability in the country, which includes issuing the nation's currency, managing its supply, and implementing monetary policy.

What Is the History of NZD?

The New Zealand dollar was introduced on July 10, 1967, replacing the New Zealand pound, a system that was considered cumbersome by the 1950s. This transition marked a significant change from the £sd system (pound, shillings, pence) to a decimal system, where one dollar was equivalent to 100 cents. The changeover was accompanied by a massive publicity campaign, including the introduction of a cartoon character, "Mr. Dollar."

Notes and Coins of NZD

Initially, the New Zealand dollar had coins in denominations of 1c, 2c, 5c, 10c, 20c, and 50c, and banknotes in $1, $2, $5, $10, $20, and $100. Over time, due to inflation and production costs, the smaller denominations were phased out. The current coin series features distinctive New Zealand symbols and commemorations, including the kiwi bird and indigenous Māori art.

Exchange Rate and International Presence

The NZD was initially pegged to the British pound and the US dollar. However, it has been floating since March 4, 1985, and its value is now determined by the financial markets. The NZD is among the top 10 most traded currencies globally, reflecting New Zealand's significant role in international trade and finance, disproportionate to its size and population.

The value of the NZD has seen considerable fluctuations over the years, influenced by global economic conditions, interest rate differentials, and domestic economic policies. Notably, the NZD experienced a significant drop during the global economic downturn of 2008 but recovered in the following years. The Reserve Bank of New Zealand has occasionally intervened in the currency market to influence the NZD's value.

Is NZD a Stable Currency?

The New Zealand Dollar (NZD), commonly known as the "Kiwi," is generally regarded as a stable currency, underpinned by New Zealand's robust economic fundamentals, including low inflation and consistent growth. However, as a floating currency since 1985, its value is subject to fluctuations influenced by various factors. These include the Reserve Bank of New Zealand's monetary policy decisions, particularly interest rates that can attract foreign investment, and the nation's heavy reliance on agricultural and dairy exports, making it sensitive to global commodity price changes. Additionally, as a smaller, open economy, New Zealand is susceptible to external economic shocks, and in times of global financial uncertainty, the NZD can experience volatility, with investors often favoring 'safe-haven' currencies.

Is the New Zealand Dollar Pegged to the US Dollar?

The New Zealand Dollar (NZD) is not pegged to the US Dollar (USD) but operates under a floating exchange rate system. This shift from a fixed exchange rate system, where it was once pegged to specific currencies including the USD, occurred in 1985. Since then, the value of the NZD is determined by the foreign exchange market, influenced by a range of factors such as New Zealand's economic indicators, interest rate decisions by the Reserve Bank of New Zealand, global market conditions, and the country's trade balance. This floating exchange rate allows the NZD to adjust more dynamically to the changing economic landscape and global financial market fluctuations, without direct intervention from the government or central bank.

Bitget crypto-to-fiat exchange data shows that the most popular Degen Raffles currency pair is the RAFFLES to NZD, with for Degen Raffles's currency code being RAFFLES. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NZD.

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How to convert RAFFLES to NZD

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Convert RAFFLES to NZD
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RAFFLES to NZD Conversion tables

The exchange rate of Degen Raffles is increasing.
The exchange rate of 1 RAFFLES to New Zealand Dollar has changed by +15.08% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.38%, reaching a high of 0.{4}1298 NZD and a low of 0.{4}1222 NZD . One month ago, the value of 1 RAFFLES was NZ$-0.{5}3626 NZD , which represents a +40.08% change from its current value. Over the last year, Degen Raffles has changed by
-NZ$
0.001573NZD
, resulting in a change of -99.20% in its value.
24 hours ago1 month ago1 year ago
Amount12:11 today24 hours ago24h change
0.5 RAFFLESNZ$0NZ$0.{6}1545
-2.38%
1 RAFFLESNZ$0NZ$0.{6}3089
-2.38%
5 RAFFLESNZ$0NZ$0.{5}1545
-2.38%
10 RAFFLESNZ$0NZ$0.{5}3089
-2.38%
50 RAFFLESNZ$0NZ$0.{4}1545
-2.38%
100 RAFFLESNZ$0NZ$0.{4}3089
-2.38%
500 RAFFLESNZ$0NZ$0.0001545
-2.38%
1000 RAFFLESNZ$0NZ$0.0003089
-2.38%

RAFFLES to NZD FAQ

How much is 1 Degen Raffles in NZD?
Right now, the price of 1 Degen Raffles (RAFFLES) in New Zealand Dollar (NZD) is NZ$0.
How much RAFFLES can I buy for 1 NZD?
Based on the current exchange rate, you can get Infinity RAFFLES for 1 NZD.
How do I calculate or convert RAFFLES to NZD?
You can use our RAFFLES to NZD calculator at the top of this page to convert any amount of RAFFLES to NZD. We've also included quick-reference tables for the most popular conversions. For example, 5 NZD is equivalent to Infinity RAFFLES, while 5 RAFFLES will cost around 0.00NZD.
What is the highest price of RAFFLES/NZD in history?
The all-time high price of 1 RAFFLES in NZD is NZ$0.001881. It remains to be seen if the value of 1 RAFFLES/NZD will exceed the current all-time high.
What is the price trend of Degen Raffles in NZD?
Over the past 7 days, the exchange rate of Degen Raffles (RAFFLES) has gone up by 15.08%.   Over the last month, the exchange rate of Degen Raffles (RAFFLES) has gone up by 40.08% against New Zealand Dollar (NZD).

What factors influence the conversion rate of RAFFLES to NZD?

There are many factors that affect the relationship between Degen Raffles and New Zealand Dollar, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of RAFFLES/NZD. When there is positive news in the market about the widespread adoption of RAFFLES or major technological breakthroughs, it tends to trigger market optimism and drive the rise of RAFFLES/NZD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in RAFFLES/NZD.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of RAFFLES/NZD. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Degen Raffles and adjust their investment strategies accordingly in the evolving market.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.