Convert Chinese Yuan to New Zealand Dollar
Please provide values below to convert Chinese Yuan [CNY] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Chinese Yuan.
How to Convert Chinese Yuan to New Zealand Dollar
1 CNY = 4.2983223487118 NZD
Example: convert 15 CNY to NZD:
15 CNY = 15 × 4.2983223487118 NZD = 64.474835230677 NZD
Chinese Yuan to New Zealand Dollar Conversion Table
| Chinese Yuan | New Zealand Dollar |
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Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).
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.