Convert New Zealand Dollar to Cambodian Riel
Please provide values below to convert New Zealand Dollar [NZD] to Cambodian Riel [KHR], or Convert Cambodian Riel to New Zealand Dollar.
How to Convert New Zealand Dollar to Cambodian Riel
1 NZD = 0.00041568771048549 KHR
Example: convert 15 NZD to KHR:
15 NZD = 15 × 0.00041568771048549 KHR = 0.00623531565728234 KHR
New Zealand Dollar to Cambodian Riel Conversion Table
| New Zealand Dollar | Cambodian Riel |
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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.
Cambodian Riel
The Cambodian Riel (KHR) is the official currency of Cambodia, used for everyday transactions and priced in the local economy.
History/Origin
The Riel was introduced in 1953, replacing the French Indochinese piastre, and has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Riel is primarily used domestically for most transactions, alongside the US dollar, which is also widely accepted in Cambodia.