NZD to MUR Exchange Rate - Convert New Zealand Dollar to Mauritius Rupee
NZD to MUR Exchange Rate - Convert New Zealand Dollar to Mauritius Rupee
Converting from New Zealand Dollar (NZD) to Mauritius Rupee (MUR)
What is New Zealand Dollar (NZD)
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, including the Cook Islands, Niue, and Tokelau. It was introduced in 1967, replacing the New Zealand pound at a rate of 1 NZD for 1 NZ pound. The currency symbol for the New Zealand Dollar is often represented as "$" or "NZD" to avoid confusion with other currencies that use the same symbol.
The New Zealand Dollar is subdivided into 100 cents. It comes in various denominations, including coins of 10, 20, and 50 cents, as well as $1 and $2 coins. Banknotes are available in denominations of $5, $10, $20, $50, and $100. The currency is managed by the Reserve Bank of New Zealand, which ensures the stability of the currency and regulates its supply.
NZD is commonly used in international trade, especially in the Asia-Pacific region, and it is considered a “commodity currency.” This means that its value often fluctuates based on the prices of commodities such as dairy, meat, and wool, which are significant exports for New Zealand. Exchange rates for NZD can vary widely, influenced by economic conditions, interest rates, and market sentiment.
What is Mauritius Rupee (MUR)
The Mauritius Rupee (MUR) is the official currency of the Republic of Mauritius, an island nation in the Indian Ocean. It was introduced in 1876 and has since been regulated by the Bank of Mauritius. The currency is abbreviated as MUR, and its symbol is "₨" for rupees, often represented as "Rs."
The Mauritius Rupee is subdivided into 100 cents, and coins are available in denominations of 1, 5, 10, and 20 cents, as well as 1, 5, and 10 rupees. Banknotes come in various denominations: ₹25, ₹50, ₹100, ₹200, ₹500, and ₹1,000. The rupee is vital for local commerce, tourism, and investment in Mauritius, which is known for its beautiful beaches and diverse culture.
MUR is influenced by several factors such as tourism, agriculture, and the textile industry, which are important to the Mauritian economy. Additionally, Mauritius has developed itself as a financial hub in the region, impacting the exchange rate of the rupee against other currencies, including the New Zealand Dollar.
Converting NZD to MUR
When converting New Zealand Dollars to Mauritius Rupees, one must consider the current exchange rate. The rate can be expressed as follows:
Exchange Rate = (Amount in NZD/Amount in MUR)
To find out how much 1 NZD is worth in MUR, you’d take the latest rates provided by financial institutions or currency exchange platforms. With fluctuating rates, it's crucial to check reliable sources to get the most accurate conversion.
New Zealand Dollar to Mauritius Rupee conversion table
NZD to MUR conversion table
New Zealand Dollar (NZD) | Mauritius Rupee (MUR) |
---|---|
1 NZD | 25.82949135223 MUR |
2 NZD | 51.65898270447 MUR |
3 NZD | 77.4884740567 MUR |
4 NZD | 103.31796540893 MUR |
5 NZD | 129.14745676117 MUR |
6 NZD | 154.9769481134 MUR |
7 NZD | 180.80643946563 MUR |
8 NZD | 206.63593081787 MUR |
9 NZD | 232.4654221701 MUR |
10 NZD | 258.29491352233 MUR |
100 NZD | 2 582.94913522332 MUR |
200 NZD | 5 165.89827044665 MUR |
300 NZD | 7 748.84740566997 MUR |
400 NZD | 10 331.7965408933 MUR |
500 NZD | 12 914.74567611662 MUR |
600 NZD | 15 497.69481133994 MUR |
700 NZD | 18 080.64394656327 MUR |
800 NZD | 20 663.59308178659 MUR |
900 NZD | 23 246.54221700992 MUR |
1 000 NZD | 25 829.49135223324 MUR |
2 000 NZD | 51 658.98270446648 MUR |
5 000 NZD | 129 147.45676116619 MUR |
10 000 NZD | 258 294.91352233239 MUR |
20 000 NZD | 516 589.82704466478 MUR |
50 000 NZD | 1 291 474.56761166195 MUR |
100 000 NZD | 2 582 949.1352233239 MUR |
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