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base info NEAR Protocol

NEAR Protocol to New Zealand Dollar Converter and calculator

Convert 1NEAR Protocol (NEAR) to New Zealand Dollar (NZD) equals $ 10.61 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of NEAR Protocol(NEAR) to New Zealand Dollar(NZD). This is the real-time data. The current conversion shows 1 NEAR at a value of 1 NEAR for 10.61 NZD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

NZD information

About the New Zealand Dollar (NZD)

What Is the New Zealand Dollar (NZD)?

The New Zealand dollar, known as the "Kiwi" or "Kiwi dollar," is the official currency and legal tender of New Zealand, as well as the Cook Islands, Niue, the Ross Dependency, Tokelau, and the British territory of the Pitcairn Islands. It is commonly represented by the dollar sign ($), with the code NZD. Internationally, it's sometimes distinguished from other dollar-denominated currencies by the abbreviations "$NZ" or "NZ$."

The New Zealand Dollar (NZD) is issued by the Reserve Bank of New Zealand, which is the central bank of New Zealand. The Reserve Bank is responsible for maintaining monetary stability in the country, which includes issuing the nation's currency, managing its supply, and implementing monetary policy.

What Is the History of NZD?

The New Zealand dollar was introduced on July 10, 1967, replacing the New Zealand pound, a system that was considered cumbersome by the 1950s. This transition marked a significant change from the £sd system (pound, shillings, pence) to a decimal system, where one dollar was equivalent to 100 cents. The changeover was accompanied by a massive publicity campaign, including the introduction of a cartoon character, "Mr. Dollar."

Notes and Coins of NZD

Initially, the New Zealand dollar had coins in denominations of 1c, 2c, 5c, 10c, 20c, and 50c, and banknotes in $1, $2, $5, $10, $20, and $100. Over time, due to inflation and production costs, the smaller denominations were phased out. The current coin series features distinctive New Zealand symbols and commemorations, including the kiwi bird and indigenous Māori art.

Exchange Rate and International Presence

The NZD was initially pegged to the British pound and the US dollar. However, it has been floating since March 4, 1985, and its value is now determined by the financial markets. The NZD is among the top 10 most traded currencies globally, reflecting New Zealand's significant role in international trade and finance, disproportionate to its size and population.

The value of the NZD has seen considerable fluctuations over the years, influenced by global economic conditions, interest rate differentials, and domestic economic policies. Notably, the NZD experienced a significant drop during the global economic downturn of 2008 but recovered in the following years. The Reserve Bank of New Zealand has occasionally intervened in the currency market to influence the NZD's value.

Is NZD a Stable Currency?

The New Zealand Dollar (NZD), commonly known as the "Kiwi," is generally regarded as a stable currency, underpinned by New Zealand's robust economic fundamentals, including low inflation and consistent growth. However, as a floating currency since 1985, its value is subject to fluctuations influenced by various factors. These include the Reserve Bank of New Zealand's monetary policy decisions, particularly interest rates that can attract foreign investment, and the nation's heavy reliance on agricultural and dairy exports, making it sensitive to global commodity price changes. Additionally, as a smaller, open economy, New Zealand is susceptible to external economic shocks, and in times of global financial uncertainty, the NZD can experience volatility, with investors often favoring 'safe-haven' currencies.

Is the New Zealand Dollar Pegged to the US Dollar?

The New Zealand Dollar (NZD) is not pegged to the US Dollar (USD) but operates under a floating exchange rate system. This shift from a fixed exchange rate system, where it was once pegged to specific currencies including the USD, occurred in 1985. Since then, the value of the NZD is determined by the foreign exchange market, influenced by a range of factors such as New Zealand's economic indicators, interest rate decisions by the Reserve Bank of New Zealand, global market conditions, and the country's trade balance. This floating exchange rate allows the NZD to adjust more dynamically to the changing economic landscape and global financial market fluctuations, without direct intervention from the government or central bank.

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Bitget crypto-to-fiat exchange data shows that the most popular NEAR Protocol currency pair is the NEAR to NZD, with for NEAR Protocol's currency code being NEAR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NZD.

NEAR to NZD conversion rate trend

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In the past 1D, NEAR Protocol has changed +9.96% to NZD. Based on the trend and price charts, NEAR Protocol(NEAR) has changed +9.96% to NZD while New Zealand Dollar(NZD) has changed % to NEAR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$10.58
0.0001% / 0.0004%vip-iconVIP
Binance
$10.61
0.1000% / 0.1000%
Yes
Coinbase Exchange
$10.59
0.1000% / 0.1000%
Yes
OKX
$10.61
0.080% / 0.100%
Yes
Huobi
$10.61
0.1000% / 0.1000%
Yes
Gate.io
$10.61
0.1000% / 0.1000%
Yes
Bybit
$10.61
0.1000% / 0.1000%
Yes
KuCoin
$10.61
0.1000% / 0.1000%
Yes
Bitfinex
$10.61
0.1000% / 0.1000%
Yes
Last updated 2024/04/21 01:00:34(UTC+0)

What factors influence the conversion rate of NEAR Protocol to New Zealand Dollar?

NEAR Protocol to New Zealand Dollar is rising this week.
NEAR Protocol's current market price is $ 10.61 per NEAR, with a total market cap of $ 11,290,272,981.01 NZD based on a circulating supply of 1,064,408,260 NEAR. The trading volume of NEAR Protocol has changed by -28.89% ($ -258,077,784.09 NZD) in the last 24 hours. Last trading day, NEAR's trading volume was $ 893,290,173.27.
Market cap
$6.65B
24h volume
$374.03M
Circulating supply
1.06B NEAR

Conversion tables

The exchange rate of NEAR Protocol is decreasing.
1 NEAR is currently valued at $ 10.61 NZD , which means buying 5 NEAR will cost $ 53.04 NZD . Similarly, $1 NZD can be traded for 0.09428 NEAR, and $50 NZD can be converted to 4.71 NEAR, excluding any platform or gas fees.
The exchange rate of 1 NEAR to New Zealand Dollar has changed by +21.99% in the last 7 days. In the last 24 hours, the rate has fluctuated by +9.96%, reaching a high of 10.74 NZD and a low of 9.46 NZD . One month ago, the value of 1 NEAR was $ 10.72 NZD , which represents a -1.01% change from its current value. Over the last year, NEAR Protocol has changed by
+$
0.5514NZD
, resulting in a change of +225.27% in its value.

NEAR to NZD

Amount
01:51 am today
0.5 NEAR
$5.3
1 NEAR
$10.61
5 NEAR
$53.04
10 NEAR
$106.07
50 NEAR
$530.35
100 NEAR
$1,060.71
500 NEAR
$5,303.54
1000 NEAR
$10,607.09

NZD to NEAR

Amount01:51 am today
0.5NZD0.04714  NEAR
1NZD0.09428  NEAR
5NZD0.4714  NEAR
10NZD0.9428  NEAR
50NZD4.71  NEAR
100NZD9.43  NEAR
500NZD47.14  NEAR
1000NZD94.28  NEAR
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Today vs. 24 hours ago

Amount01:51 am today24 hours ago24h change
0.5 NEAR$3.12$2.84
+9.96%
1 NEAR$6.25$5.68
+9.96%
5 NEAR$31.23$28.4
+9.96%
10 NEAR$62.46$56.8
+9.96%
50 NEAR$312.29$284
+9.96%
100 NEAR$624.57$568
+9.96%
500 NEAR$3,122.86$2,840.01
+9.96%
1000 NEAR$6,245.71$5,680.01
+9.96%

Today vs. 1 month ago

Amount01:51 am today1 month ago1M change
0.5 NEAR$3.12$3.15
-1.01%
1 NEAR$6.25$6.31
-1.01%
5 NEAR$31.23$31.55
-1.01%
10 NEAR$62.46$63.1
-1.01%
50 NEAR$312.29$315.49
-1.01%
100 NEAR$624.57$630.97
-1.01%
500 NEAR$3,122.86$3,154.85
-1.01%
1000 NEAR$6,245.71$6,309.71
-1.01%

Today vs. 1 year ago

Amount01:51 am today1 year ago1Y change
0.5 NEAR$3.12$0.9605
+225.27%
1 NEAR$6.25$1.92
+225.27%
5 NEAR$31.23$9.61
+225.27%
10 NEAR$62.46$19.21
+225.27%
50 NEAR$312.29$96.05
+225.27%
100 NEAR$624.57$192.1
+225.27%
500 NEAR$3,122.86$960.5
+225.27%
1000 NEAR$6,245.71$1,921.01
+225.27%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.