NZD/INR: what to know
The NZD/INR rate shows how much INR you get for 1 NZD. Right now, 1 NZD buys 55.3271 INR at the mid-market rate. In the other direction, 1 INR is worth 0.0181 NZD.
In the short term NZD is driven mainly by soft-commodity prices and risk appetite, while INR responds to oil prices and capital flows.
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. The Indian Rupee (INR) is issued by Reserve Bank of India. The ₹ symbol was adopted in 2010.
Over the past 12 months the NZD/INR rate has ranged between 49.7974 and 57.2147 — a change of +5.70% 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.