100 NZD to FJD: Exchange Rate and Conversion
Are you planning a trip from New Zealand to Fiji or conducting business between the two countries? If so, you'll need to understand the exchange rate between the New Zealand dollar (NZD) and the Fijian dollar (FJD).
Current Exchange Rate
As of the current date, the exchange rate is:
1 NZD = 1.55 FJD
This means that if you exchange 100 NZD, you will receive approximately:
155 FJD
Historical Exchange Rate
The exchange rate between NZD and FJD can fluctuate over time due to various economic and market factors. Here's a rough idea of how the exchange rate has changed over the past few years:
- 1 year ago: 1 NZD = 1.48 FJD
- 5 years ago: 1 NZD = 1.38 FJD
- 10 years ago: 1 NZD = 1.23 FJD
Factors Affecting Exchange Rate
Several factors can influence the exchange rate between NZD and FJD, including:
- Economic indicators: GDP, inflation rates, and interest rates in both countries
- Political stability: Political unrest or changes in government can impact the exchange rate
- Trade agreements: Trade agreements and relationships between New Zealand and Fiji
- Tourism: The number of tourists visiting Fiji from New Zealand can impact the demand for FJD and, in turn, the exchange rate
Conversion Fees
When exchanging currency, you may incur conversion fees, which can vary depending on the exchange service or bank you use. These fees can range from 1% to 3% of the transaction amount.
Conclusion
Understanding the exchange rate between NZD and FJD is essential for anyone planning a trip or conducting business between New Zealand and Fiji. Keep an eye on the current exchange rate, historical trends, and factors that can affect the rate to make informed decisions about your currency exchange.
