New Zealand Dollar Rate Today In Indian Rupees
Introduction
The New Zealand dollar is the official currency of New Zealand, and it is abbreviated as NZD. It is also known as the Kiwi dollar due to the image of a kiwi bird on the one dollar coin. The Indian rupee is the official currency of India and is abbreviated as INR. The exchange rate between these two currencies changes every day, and it is important to keep track of it if you are planning to trade between these two countries.
Factors Affecting the Exchange Rate
Several factors affect the exchange rate between the New Zealand dollar and the Indian rupee. One of the primary factors is the economic conditions of the two countries. If the New Zealand economy is doing well, and the Indian economy is not, then the exchange rate between the two currencies will favor the New Zealand dollar. Similarly, if the Indian economy is doing well, and the New Zealand economy is not, then the exchange rate will favor the Indian rupee.
Other factors that affect the exchange rate include political events, natural disasters, and changes in global market conditions. If there is a political upheaval in New Zealand or India, it can cause a significant change in the exchange rate between the two currencies. Similarly, natural disasters such as earthquakes, floods, or hurricanes can have a profound impact on the exchange rate.
Current Exchange Rate
As of today, the exchange rate between the New Zealand dollar and the Indian rupee is 47.45 INR for one NZD. This means that if you want to convert one New Zealand dollar into Indian rupees, you will get 47.45 INR. If you want to convert 100 NZD into INR, you will get 4,745 INR.
Historical Exchange Rates
The exchange rate between the New Zealand dollar and the Indian rupee has fluctuated over the years. In 2015, the exchange rate was 44.59 INR for one NZD. In 2016, it was 46.37 INR for one NZD. In 2017, it was 46.96 INR for one NZD. In 2018, it was 49.51 INR for one NZD. In 2019, it was 47.33 INR for one NZD. In 2020, it was 46.91 INR for one NZD.
Conclusion
It is important to keep track of the exchange rate between the New Zealand dollar and the Indian rupee if you are planning to trade between these two countries. The exchange rate changes every day, and it is affected by several factors such as economic conditions, political events, natural disasters, and changes in global market conditions. As of today, the exchange rate between the two currencies is 47.45 INR for one NZD.