Business Desk 27 Feb , 2024 01:04 AM GMT
Exchange rates influenced by global supply and demand dynamics
Current buying rate for 1 NZD is USD 1.62
Banks may offer different rates than the open market
Exchange rates influenced by global supply and demand dynamics
New Zealand Dollar to US Dollar Exchange rates fluctuate constantly, influenced by global supply and demand dynamics. As of 26 February 2024, the buying exchange rate for 1 New Zealand Dollar stands at USD 1.62, with the selling exchange rate also at USD 1.62.
For individuals or businesses involved in currency conversion, understanding the current exchange rates is crucial to ensure transactions are conducted at the most favorable rates. The table below provides a snapshot of the NZD to USD exchange rates along with rates for other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.53 | 1.53 |
| British Pound (GBP) | 0.79 | 0.79 |
| Canadian Dollar (CAD) | 1.35 | 1.35 |
| Chinese Yuan (CNY) | 7.20 | 7.20 |
| Euro (EUR) | 0.92 | 0.92 |
| Japanese Yen (JPY) | 150.56 | 150.56 |
| New Zealand Dollar (NZD) | 1.62 | 1.62 |
| Swiss Franc (CHF) | 0.88 | 0.88 |
It is important to note that open market currency exchange rates may differ from those offered by banks, with banks typically charging higher rates. Keeping track of inter-bank currency rates can help individuals and businesses make informed decisions when it comes to currency exchange.
Stay informed with the latest currency exchange rates through the country's top currency rates portal, ensuring you have access to up-to-date information for your financial transactions.
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