Historic Indian Rupee New Zealand Dollar

Indian Rupee new zealand dollar history for December 2023. The highest quote for this month is 0.019695 (13/12/2023) and the lowest 0.019985 (08/12/2023). The difference between high and low is -1.47.

INR NZD average rate for December 2023 is 0.01933, the change between 01/12/2023 and 31/12/2023 is +1.56 %.

01 December 20231 INR = 0.0195 NZD
02 December 20231 INR = 0.0193 NZD
03 December 20231 INR = 0.0194 NZD
04 December 20231 INR = 0.0193 NZD
05 December 20231 INR = 0.0194 NZD
06 December 20231 INR = 0.0196 NZD
07 December 20231 INR = 0.0196 NZD
08 December 20231 INR = 0.0195 NZD
09 December 20231 INR = 0.0196 NZD
10 December 20231 INR = 0.0196 NZD
11 December 20231 INR = 0.0196 NZD
12 December 20231 INR = 0.0196 NZD
13 December 20231 INR = 0.0195 NZD
14 December 20231 INR = 0.0194 NZD
15 December 20231 INR = 0.0193 NZD
16 December 20231 INR = 0.0194 NZD
17 December 20231 INR = 0.0194 NZD
18 December 20231 INR = 0.0194 NZD
19 December 20231 INR = 0.0194 NZD
20 December 20231 INR = 0.0192 NZD
21 December 20231 INR = 0.0192 NZD
22 December 20231 INR = 0.0191 NZD
23 December 20231 INR = 0.0191 NZD
24 December 20231 INR = 0.0191 NZD
25 December 20231 INR = 0.0190 NZD
26 December 20231 INR = 0.0191 NZD
27 December 20231 INR = 0.0190 NZD
28 December 20231 INR = 0.0189 NZD
29 December 20231 INR = 0.0192 NZD

24/03/2020: COVID-19 Impact on Indian Rupee

The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.

20/03/2020: COVID-19 Pandemic Effects

The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.

08/11/2016: Demonetization

The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.

10/10/2008: Global Financial Crisis Hits New Zealand

New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.

03/07/2007: Indian Rupee Symbol

The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.

10/07/2005: Polymer Banknotes Introduced

New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.

21/06/1991: Liberalization of Indian Economy

India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.

05/10/1987: Black Monday Stock Market Crash

Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.

04/03/1985: Floating Exchange Rate Introduced

New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.

10/07/1961: Decimalization of Currency

New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.

24/06/1957: Decimalization of Indian Rupee

The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.

15/08/1947: Indian Independence

India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.

19/10/1933: New Zealand Pound Pegged to the British Pound

New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.

01/01/1862: Introduction of Indian Rupee

Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.