Convert Tanzanian Shilling to New Zealand Dollar
Please provide values below to convert Tanzanian Shilling [TZS] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Tanzanian Shilling.
How to Convert Tanzanian Shilling to New Zealand Dollar
1 TZS = 1539.916836429 NZD
Example: convert 15 TZS to NZD:
15 TZS = 15 × 1539.916836429 NZD = 23098.752546435 NZD
Tanzanian Shilling to New Zealand Dollar Conversion Table
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Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.
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.