KABY to NZD Converter and calculator


Conversion rates
Convert KABY to NZD
Convert NZD to KABY
KABY to NZD chart
KABY to NZD conversion data: Volatility and price changes of Kaby Arena in NZD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.0004125 NZD | 0.0004162 NZD | 0.0004432 NZD | 0.0006976 NZD |
Low | 0.0004100 NZD | 0.0004059 NZD | 0.0003989 NZD | 0.0003989 NZD |
Average | 0 NZD | 0 NZD | 0 NZD | 0 NZD |
Volatility | % | % | % | % |
Change | +0.28% | +1.25% | -6.69% | -14.65% |
Kaby Arena information
KABY to NZD market statistics
Current KABY to NZD exchange rate
Kaby Arena to New Zealand Dollar is rising this week.More info about Kaby Arena 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.
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KABY to NZD Conversion tables
Amount | 14:18 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 KABY | NZ$0.0002051 | NZ$0.0002045 | +0.28% |
1 KABY | NZ$0.0004102 | NZ$0.0004091 | +0.28% |
5 KABY | NZ$0.002051 | NZ$0.002045 | +0.28% |
10 KABY | NZ$0.004102 | NZ$0.004091 | +0.28% |
50 KABY | NZ$0.02051 | NZ$0.02045 | +0.28% |
100 KABY | NZ$0.04102 | NZ$0.04091 | +0.28% |
500 KABY | NZ$0.2051 | NZ$0.2045 | +0.28% |
1000 KABY | NZ$0.4102 | NZ$0.4091 | +0.28% |
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