NZD to INR: New Zealand Dollar to Indian Rupees Calculator

According to the current foreign exchange rate, NZD equivalent value of 50.6894 INR and INR equivalent value of 0.019 NZD. If, you plan an India to New Zealand trip, then you need to conversion calculator to convert your INR into dollars.

Before executing your trip, you must know the value of 1 NZD to INR to plan your visit accordingly. While writing this blog, the value of 1 NZ dollar to the Indian rupees is equal to ₹ 49.94. However, it might vary in the future. 

Besides travelling, a currency conversion may help you at various other places to calculate the exact value of your money. So, you should learn the process of conversion today. 

We have discussed the definition and current rate of New Zealand Dollars, Indian Rupees, the projection for NZD to INR, the value of the NZ dollar relative to the Indian Rupee, the exchange rate between the two currencies, and more.

Go further to learn about NZ dollar to INR!

Overview of NZD(New Zealand Dollar)

The official currency of New Zealand is the New Zealand Dollar (NZD). It is equivalent to 100 cents. While the one-dollar coin features this native bird on its reverse, it is also referred to informally and infrequently as the “Kiwi” or “Kiwi Dollar.” This is because New Zealand is known for its Kiwis.

To set NZD apart from other currencies based on the dollar, it is frequently represented with the letters $ and NZ$. The money is accepted as legal tender in the Cook Islands, Niue, Tokelau, and the Pitcairn Islands.

The New Zealand dollar represents 2.1% of the daily turnover of the global foreign exchange market and is the tenth most traded currency in the world in 2019.

History of NZD(New Zealand Dollar)

The New Zealand dollar was initiated in 1967. Before its launch, the New Zealand pound was used as its currency, different from the pound sterling since 1933. 

The pound utilised the £sd system, where the pound was divided into 20 shillings. One shilling was further divided into 12 pence. This was considered one of the most complicated and cumbersome systems. 

Ultimately, a committee was formed in 1957 by the Government to investigate decimal currency. In 1963, the Government thought to decimalise New Zealand currency, and it passed a Decimal Currency Act in 1964, fixing the transition date to 10 July 1967.

Overview of INR(Indian Rupee)

The International Organization for Standardization (IOS) assigns the currency code for the Indian Rupee, which is the country of India’s official unit of account. The Indian Rupee’s official currency symbol is ₹.

One rupee comprises 100 paise, with a paisa serving as the smallest rupee denomination. Nonetheless, the lowest use-value coins as of 2019 are those with a $1 denomination. The Reserve Bank of India (RBI) serves as the regulating body for currency issuance. The Reserve Bank of India Act, 1934, is the foundation for the RBI’s involvement in currency control.

The Indian Rupee acquires its name from the term “rupiya,” a silver coin first issued by Sultan Sher Shah Suri in the 16th Century. The name originated from the amalgamation of the Devanagri consonant “₹” (ra) and the Latin capital letter “R” without its vertical bar. 

The parallel lines at the top of the symbol (white space between them) create an allusion to the tricolour Indian flag. Moreover, it signifies an equality sign that depicts the nation’s desire to reduce economic disparity. 

History of INR(Indian Rupee)

The new rupee sign (₹) was officially adopted in 2019. But if we talk about the history of the Indian currency, Rupee, it traces back to India circa 6th Century BCE. Ancient India was one of the earliest coin issuers globally, besides the Chinese wen and Lydian staters. 

Arthashashtra, written by Chanakya, the Prime Minister to Chandragupta Maurya (c. 340-290 BCE), the first Maurya Emperor, defines silver coins as rūpyarūpa, other types consisting of copper coins (tamrarūpa), lead coins (sīsarūpa), and gold coins (suvarṇarūpa) as described. 

Rūpa means ‘shape’ or ‘form’; for instance, in the word rūpyarūpa: rūpya is ‘wrought silver’ and rūpa is the ‘form’.

Sultan Sher Shah Suri, during his five-year reign from 1540 to 1545, issued a coin of silver weighing 178 grains (or 11.53 grams), which was also known as the Rupiya. 

NZD to INR Forecast

Here’s the monthly NZ dollar to INR forecast:

Convert NZD to INR

Converting NZD to INR becomes relatively easy once you discover the relationship between these currencies. The relationship between NZD and INR can be expressed as

1 NZD = 49.94 INR and

1 INR = 0.020 NZD.

Now that you know how these currencies are related, you can easily convert New Zealand currency to Indian rupees. Simply multiply the value of NZD by 49.94. Solving the equation, you will get the value in INR.

The formula for the same can be expressed as follows:

INR = value of NZD x 49.94

Let’s solve a few examples to understand the process of conversion better.

Example 1: Convert 5 INR to NZD

Sol: Putting the value of INR 5 in the above equation, we will get-

NZD = 5 x 0.020 = 0.098

Therefore, 5 INR equals NZD 0.098.

Example 2: Convert 10 INR to NZD

Sol: Putting the value of INR 10 in the above equation, we will get-

NZD = 10 x 0.020 = 0.197

Hence, 10 INR equals NZD 0.197. 

Example 3: Convert 20 INR to NZD

Sol: Putting the value of 20 in the above equation, we will get-

NZD = 20 x 0.020 = 0.394

Hence, 20 INR is equal to NZD 0.394

Example 4: Convert 50 INR to NZD

Sol: Putting the value of 50 in the above equation, we will get-

NZD = 50 x 0.020 = 0.987

Hence, 50 INR is equal to NZD 0.987

Example 5 : Convert 100 INR to NZD

Sol: Putting the value of 100 in the above equation, we will get- 

NZD = 100  x 0.020 = 1.974

Hence, 100 INR is equal to NZD 1.974

Example 6 : Convert 500 INR to NZD

Sol : Putting the value of 500 in the above equation, we will get-

NZD = 500  x 0.020 = 9.872

Hence, 500 INR is equal to NZD 9.872

Example 7 : Convert 1000 INR to NZD 

Sol: Putting the value of 1000 in the above equation, we will get-

NZD = 1000  x 0.020 = 19.744

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NZD Vs INR

New Zealand dollar and the Indian Rupee are two different currencies with different values. Besides that, both are distinct from each other on various other grounds. Some of them are as follows:

NZD to INR Conversion Chart

FAQ’s about Convert NZD to INR