Indian Rupee

Indian Rupee

The Indian rupee (sign: ₹; code: INR) is the official currency of the Republic of India. The rupee is subdivided into 100 paise (singular paisa), though as of 2018, coins of denomination of 50 paise or half rupee is the lowest value in use. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934. The rupee is named after the silver coin, rupiya, first issued by Sultan Sher Shah Suri in the 16th century and later continued by the Mughal Empire. In 2010, a new rupee symbol '₹', was officially adopted. It was derived from the combination of the Devanagari consonant "र" (ra) and the Latin capital letter "R" without its vertical bar (similar to the R rotunda). The parallel lines at the top (with white space between them) are said to make an allusion to the tricolour Indian flag, and also depict an equality sign that symbolises the nation's desire to reduce economic disparity. The first series of coins with the new rupee symbol started in circulation on 8 July 2011. On 8 November 2016 the Government of India announced the demonetisation of ₹500 and ₹1000 banknotes with effect from midnight of the same day, making these notes invalid. A newly redesigned series of ₹500 banknote, in addition to a new denomination of ₹2000 banknote is in circulation since 10 November 2016. The new redesigned series is also expected to be enlarged with banknotes in the denominations of ₹1000, ₹100 and ₹50 in the coming months.On 25 August 2017, a new denomination of ₹200 banknote was added to Indian currency to fill the gap of notes due to high demand for this note after demonetisation.In July 2018, the Reserve Bank Of India released the ₹100 banknote.

New Zealand Dollar

New Zealand Dollar

The New Zealand dollar (sign: $; code: NZD, also abbreviated NZ$) (Māori: Tāra o Aotearoa) is the official currency and legal tender of New Zealand, the Cook Islands, Niue, the Ross Dependency, Tokelau, and a British territory, the Pitcairn Islands. Within New Zealand, it is almost always abbreviated with the dollar sign ($), with "NZ$" sometimes used to distinguish it from other dollar-denominated currencies. In the context of currency trading, it is often informally called the "Kiwi" or "Kiwi dollar", since New Zealand is commonly associated with the indigenous bird and the one-dollar coin depicts a kiwi. Introduced in 1967, the dollar is subdivided into 100 cents. Altogether there are ten denominations—five coins and five banknotes—with the smallest being the 10-cent coin. Formerly there were lower denominations, but those were discontinued due to inflation and production costs. The New Zealand dollar is consistently one of the 10 most traded currencies in the world, being approximately 2.0% of global foreign exchange market daily turnover in 2013.

100 Indian Rupee to New Zealand Dollar Exchange rates Chart

100 Indian Rupee to New Zealand Dollar
100 INR to NZD exchange rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

100 Indian Rupee to New Zealand Dollar Exchange rates FAQs

What is 100 INR to NZD?

The meaning of 100 INR to NZD is to exchange 100 Indian Rupee to New Zealand Dollar by applying the latest currency rate on the market. The actual exchange rates you can get vary between different bureau de changes. We are offering inter-market exchange rates to convert 100 INR to NZD in the chart below.

Who can convert 100 INR to NZD?

Anyone with 100 Indian Rupee can find a local bank or a bureau de change to convert into New Zealand Dollar . However, if neither INR nor NZD is the local currency. It might be quite difficult to find a local broker to faciliate the exchange. That's why we are offering details about local forex brokers to save the time of searching around for the right broker.

When to exchange 100 INR to NZD?

Due to the nature of the forex market, the exchange rates for 100 INR to NZD is changing all the time in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am GMT; and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT. So the currency rate you see in this page may change any minute. It's better to lock in the exchange rates with your local broker so that you won't be affected for any future rate changes.

Why do I want to convert 100 INR to NZD?

Most likely you are traveling and want to get some New Zealand Dollar cash. Or you've just came back from a recent trip or received cash transfer from overseas. There are many reasons to convert 100 Indian Rupee to New Zealand Dollar. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to exchange 100 INR to NZD?

Usually you can find a local bank, post office or bureau de change to exchange 100 INR to NZD. But you will soon find out that the exchange rates you can find at all thoses places vary by a lot. It's better to be prepared before hand and do your research about the local forex brokers. That's the exact reason why we are doing the homework for you to find the best local bureau de change to avoid being ripped off. All you need to do is input the amount of New Zealand Dollar you wnat to buy or sell and we will show you where to find the best rate. No forex exchange commissions or fees required!

How to convert 100 INR to NZD?

Use the tool we provided here to find the best exchange rates for 100 INR to NZD. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 100 Indian Rupee in hand then exchange the cash you want in store or online. It's just that simple with no fees or commissions from us!

100 Indian Rupee to New Zealand Dollar Exchange rates Table

Exchange INR to NZD
100 Indian Rupee = 2.043 New Zealand Dollar
200 Indian Rupee = 4.087 New Zealand Dollar
500 Indian Rupee = 10.216 New Zealand Dollar
1000 Indian Rupee = 20.433 New Zealand Dollar
Exchange Indian Rupee to New Zealand Dollar
100 INR to NZD cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

100 INR to NZD at BookMyForex

100 INR to NZD at BookMyForex
100 Indian Rupee = 1.968 New Zealand Dollar
BookMyForex
BookMyForex

BookMyForex.com is India's first e-commerce initiative in the retail foreign exchange and international money transfer space. We offer our customers a full suite of forex products consisting of currency notes, prepaid travel cards, traveler's cheques, demand drafts and wire transfers in an inexpensive and convenient way. Customers can buy forex for several purposes such as Personal Travel, Business Travel, Education, Emigration, Employment, Medical, and Maintenance of closed relatives staying...

BookMyForex in Ahmedabad

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Unit 662 - 664, JMD Megapolis Sohna Road, Sector - 48 Gurgaon 122018, Haryana India

BookMyForex in Chennai

Unit 662 - 664, JMD Megapolis Sohna Road, Sector - 48 Gurgaon 122018, Haryana India

BookMyForex in Delhi

Unit 662 - 664, JMD Megapolis Sohna Road, Sector - 48 Gurgaon 122018, Haryana India

BookMyForex in Gurgaon

Unit 662 - 664, JMD Megapolis Sohna Road, Sector - 48 Gurgaon 122018, Haryana India

100 INR to NZD at RRSB Forex

100 INR to NZD at RRSB Forex
100 Indian Rupee = 11.481 New Zealand Dollar
RRSB Forex
RRSB Forex

RRSB Forex was the beginning of a legacy. Much before India got its independence, in a period where business was carried out in the British currency in the then English colony, India, there emerged an enterprising family that forever changed the way Indian entrepreneurs carried out their businesses. Introducing the concept of money changing in 1912, the Sen family established R.R. Sen & Brothers (Pvt) Ltd., the very first foreign exchange dealership in India, which is today famous as RRSB...

RRSB Forex in Ahmedabad

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RRSB Forex in Chennai

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RRSB Forex in Delhi

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100 Indian Rupee to New Zealand Dollar Exchange rates Tweets

100 INR to NZD added 1 tweet
2020-07-02 15:28:00 UTC
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2020-07-02 15:27:56 UTC
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100 INR to NZD added 1 tweet
2020-07-02 15:16:38 UTC
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2020-07-04 06:39:04 UTC
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100 INR to NZD added 1 tweet
2020-07-04 06:31:26 UTC
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100 Indian Rupee to New Zealand Dollar Exchange rates Videos

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100 Indian Rupee to New Zealand Dollar Currency converter