convert New Zealand Dollar to Australian Dollar

Conversion Formula

1 nzd = 0.96875 aud

Step-by-Step Explanation

1. Understand the base relationship:
   1 New Zealand Dollar = 1.6 USD
   1 Australian Dollar = 1.55 USD
2. Establish the conversion factor:
   1 nzd = (1.55 USD) / (1.6 USD) = 0.96875 aud
3. Apply the conversion:
   Multiply the value in nzd by 0.96875 to get the equivalent in aud

Example Conversion

Convert 5 nzd to aud:

5 nzd × 0.96875 = 4.84375 aud