How to Convert the New Zealand Dollar to a Euro

Since 1985, the New Zealand dollar (NZD) has been a floating currency. Thus, there are not fixed exchange rates for converting NZD to other currencies such as the European Union's euro (EUR). Instead, the exchange rate for the NZD-EUR currency pair is continually adjusted to reflect changes in international market conditions.

Things You'll Need

  • Current exchange rate for the NZD-EUR currency pair
  • Calculator
Show More

Instructions

    • 1

      Use a trusted source to obtain current information about foreign exchange rates. The authoritative source for the NZD-EUR exchange rate is the Reserve Bank of New Zealand, the central bank of New Zealand. The Reserve Bank publishes the current and historical NZD exchange rates on its website.

    • 2

      Look up the current NZD-EUR exchange rate in the table on the Reserve Bank's website. Locate the current NZD-EUR rate under the column labeled "Euro" and in the row labeled with today's date. Exchange rates are expressed as decimal fractions. For example, on March 2, 2010, the NZD-EUR exchange rate was 0.5159, meaning that 1 New Zealand dollar (NZ$) would convert to 0.5159 euro (€).

    • 3

      Use a calculator to convert NZD to EUR. Multiply the amount of New Zealand dollars you want to convert to euros by the current NZD-EUR exchange rate. On March 2, 2010, if you had wanted to convert 25 New Zealand dollars to euros, the calculation was: NZ$25 X 0.5159 = €12.8975.

Copyright Wanderlust World © https://www.ynyoo.com