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base info Portal (IOU)

Portal (IOU) to New Zealand Dollar Converter and calculator

Convert 1Portal (IOU) (PORTAL) to New Zealand Dollar (NZD) equals $ 0 | 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 Portal (IOU)(PORTAL) to New Zealand Dollar(NZD). This is the real-time data. The current conversion shows 1 PORTAL at a value of 1 PORTAL for 0 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 Portal (IOU) currency pair is the PORTAL to NZD, with for Portal (IOU)'s currency code being PORTAL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NZD.

PORTAL to NZD conversion rate trend

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In the past 1D, Portal (IOU) has changed -3.02% to NZD. Based on the trend and price charts, Portal (IOU)(PORTAL) has changed -3.02% to NZD while New Zealand Dollar(NZD) has changed % to PORTAL in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$0
0.0001% / 0.0004%vip-iconVIP
Last updated 2024/05/30 23:22:16(UTC+0)

How to buy Portal (IOU)

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Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Portal (IOU) (PORTAL)
Use a variety of payment options to buy Portal (IOU) on Bitget. We'll show you how.

What factors influence the conversion rate of Portal (IOU) to New Zealand Dollar?

Portal (IOU) to New Zealand Dollar is falling this week.
Portal (IOU)'s current market price is $ 0 per PORTAL, with a total market cap of $ 0 NZD based on a circulating supply of -- PORTAL. The trading volume of Portal (IOU) has changed by -2.22% ($ -4,627.99 NZD) in the last 24 hours. Last trading day, PORTAL's trading volume was $ 208,355.59.
Market cap
$0
24h volume
$124.59K
Circulating supply
0 PORTAL

Conversion tables

The exchange rate of Portal (IOU) is decreasing.
1 PORTAL is currently valued at $ 0 NZD , which means buying 5 PORTAL will cost $ 0 NZD . Similarly, $1 NZD can be traded for Infinity PORTAL, and $50 NZD can be converted to Infinity PORTAL, excluding any platform or gas fees.
The exchange rate of 1 PORTAL to New Zealand Dollar has changed by -17.53% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.02%, reaching a high of 2.79 NZD and a low of 2.62 NZD . One month ago, the value of 1 PORTAL was $ 1.06 NZD , which represents a -28.58% change from its current value. Over the last year, Portal (IOU) has changed by
+$
1.01NZD
, resulting in a change of 0.00% in its value.

PORTAL to NZD

Amount
23:22 today
0.5 PORTAL
$0
1 PORTAL
$0
5 PORTAL
$0
10 PORTAL
$0
50 PORTAL
$0
100 PORTAL
$0
500 PORTAL
$0
1000 PORTAL
$0

NZD to PORTAL

Amount23:22 today
0.5NZDInfinity  PORTAL
1NZDInfinity  PORTAL
5NZDInfinity  PORTAL
10NZDInfinity  PORTAL
50NZDInfinity  PORTAL
100NZDInfinity  PORTAL
500NZDInfinity  PORTAL
1000NZDInfinity  PORTAL
Buy Portal (IOU) for 1 NZD
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Today vs. 24 hours ago

Amount23:22 today24 hours ago24h change
0.5 PORTAL$0.00$0.02520
-3.02%
1 PORTAL$0.00$0.05039
-3.02%
5 PORTAL$0.00$0.2520
-3.02%
10 PORTAL$0.00$0.5039
-3.02%
50 PORTAL$0.00$2.52
-3.02%
100 PORTAL$0.00$5.04
-3.02%
500 PORTAL$0.00$25.2
-3.02%
1000 PORTAL$0.00$50.39
-3.02%

Today vs. 1 month ago

Amount23:22 today1 month ago1M change
0.5 PORTAL$0.00$0.3236
-28.58%
1 PORTAL$0.00$0.6471
-28.58%
5 PORTAL$0.00$3.24
-28.58%
10 PORTAL$0.00$6.47
-28.58%
50 PORTAL$0.00$32.36
-28.58%
100 PORTAL$0.00$64.71
-28.58%
500 PORTAL$0.00$323.56
-28.58%
1000 PORTAL$0.00$647.12
-28.58%
Buy Portal (IOU) for 1 NZD
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Today vs. 1 year ago

Amount23:22 today1 year ago1Y change
0.5 PORTAL$0.00$-0.8084
0.00%
1 PORTAL$0.00$-1.6168
0.00%
5 PORTAL$0.00$-8.08412
0.00%
10 PORTAL$0.00$-16.1682
0.00%
50 PORTAL$0.00$-80.8412
0.00%
100 PORTAL$0.00$-161.6823
0.00%
500 PORTAL$0.00$-808.4116
0.00%
1000 PORTAL$0.00$-1616.8231
0.00%

Portal (IOU) price prediction

What will the price of PORTAL be in 2025?

Based on PORTAL's historical price performance prediction model, the price of PORTAL is projected to reach -- in 2025.

What will the price of PORTAL be in 2030?

In 2030, the PORTAL price is expected to rise by 0.00%. By the end of 2030, the PORTAL price is projected to reach --, with a cumulative ROI of 0.00%.
Buy Portal (IOU) for 1 NZD
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Buy Portal (IOU) for 1 NZD
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Buy Portal (IOU) for 1 NZD
A welcome pack worth 1000 USDT for new Bitgetters!
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FAQ

What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Portal (IOU) and NZD.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Portal (IOU) and NZD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Portal (IOU) in NZD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

Buy Portal (IOU) for 1 NZD

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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.