Convert Paraguayan Guarani to New Zealand Dollar
Please provide values below to convert Paraguayan Guarani [PYG] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Paraguayan Guarani.
How to Convert Paraguayan Guarani to New Zealand Dollar
1 PYG = 4620.8089275015 NZD
Example: convert 15 PYG to NZD:
15 PYG = 15 × 4620.8089275015 NZD = 69312.1339125225 NZD
Paraguayan Guarani to New Zealand Dollar Conversion Table
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Paraguayan Guarani
The Paraguayan Guarani (PYG) is the official currency of Paraguay, used for all monetary transactions within the country.
History/Origin
The Guarani was introduced in 1943, replacing the peso at a rate of 1 Guarani = 1 peso, and has undergone various redenominations and reforms since then to stabilize the economy.
Current Use
Today, the Guarani remains the national currency of Paraguay, widely used in everyday commerce, banking, and financial transactions across the country.
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.