convert New Zealand Dollar to Euro

Conversion Formula

1 nzd = 0.575 eur

Step-by-Step Explanation

1. Understand the base relationship:
   1 New Zealand Dollar = 1.6 USD
   1 Euro = 0.92 USD
2. Establish the conversion factor:
   1 nzd = (0.92 USD) / (1.6 USD) = 0.575 eur
3. Apply the conversion:
   Multiply the value in nzd by 0.575 to get the equivalent in eur

Example Conversion

Convert 5 nzd to eur:

5 nzd × 0.575 = 2.875 eur