Convert New Zealand Dollar to Solomon Islands Dollar
Please provide values below to convert New Zealand Dollar [NZD] to Solomon Islands Dollar [SBD], or Convert Solomon Islands Dollar to New Zealand Dollar.
How to Convert New Zealand Dollar to Solomon Islands Dollar
1 NZD = 0.202536253868091 SBD
Example: convert 15 NZD to SBD:
15 NZD = 15 × 0.202536253868091 SBD = 3.03804380802136 SBD
New Zealand Dollar to Solomon Islands Dollar Conversion Table
| New Zealand Dollar | Solomon Islands Dollar |
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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.
Solomon Islands Dollar
The Solomon Islands Dollar (SBD) is the official currency of the Solomon Islands, used for all monetary transactions within the country.
History/Origin
The Solomon Islands Dollar was introduced in 1977, replacing the Australian dollar at par, to establish a distinct national currency following independence from British rule.
Current Use
The SBD is widely used in the Solomon Islands for everyday transactions, banking, and trade, and is pegged to a basket of currencies to maintain stability.