Convert Omani Rial to New Zealand Dollar
Convert Omani Rial (OMR) to New Zealand Dollar (NZD) using daily updated exchange rates.
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Exchange Rate
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About Omani Rial
The Omani Rial (OMR) is the official currency of the Sultanate of Oman and one of the highest-valued currencies in the world by exchange rate. Introduced in 1973 to replace the Saidi rial, it has been pegged to the US Dollar at 0.3845 OMR per USD since 1986. This peg has remained stable even during periods of lower oil prices, supported by government reserves. The Central Bank of Oman manages the peg. Oman is a major oil and natural gas producer on the Arabian Peninsula, though it is also investing in diversification through tourism, logistics, and manufacturing.
About New Zealand Dollar
The New Zealand Dollar (NZD), nicknamed the "Kiwi" after the native flightless bird on the one-dollar coin, was introduced in 1967 when New Zealand decimalised its currency. It is the tenth most traded currency in global foreign exchange markets. The Reserve Bank of New Zealand (RBNZ) manages monetary policy with an inflation-targeting floating exchange rate. New Zealand's export-oriented economy is based primarily on dairy products, meat, wool, and wine, alongside tourism and financial services.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).