INR/NZD: what to know
The INR/NZD rate shows how much NZD you get for 1 INR. Right now, 1 INR buys 0.0181 NZD at the mid-market rate. In the other direction, 1 NZD is worth 55.3377 INR.
In the short term INR is driven mainly by oil prices and capital flows, while NZD responds to soft-commodity prices and risk appetite.
The Indian Rupee (INR) is issued by Reserve Bank of India. The ₹ symbol was adopted in 2010. The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
Over the past 12 months the INR/NZD rate has ranged between 0.0175 and 0.0201 — a change of -5.39% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.