Convert Omani Rial to New Zealand Dollar
Please provide values below to convert Omani Rial [OMR] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Omani Rial.
How to Convert Omani Rial to New Zealand Dollar
1 OMR = 0.230377471539844 NZD
Example: convert 15 OMR to NZD:
15 OMR = 15 × 0.230377471539844 NZD = 3.45566207309766 NZD
Omani Rial to New Zealand Dollar Conversion Table
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Omani Rial
The Omani Rial (OMR) is the official currency of Oman, used for all monetary transactions within the country.
History/Origin
The Omani Rial was introduced in 1970, replacing the Gulf rupee at par, and has since been the standard currency of Oman, with its value stabilized through pegging to the US dollar.
Current Use
The Omani Rial is widely used in Oman for everyday transactions, banking, and trade, and is subdivided into 1000 baisa.
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.