Today’s Exchange Rate Of NZD to PHP
NZD TO PHP — Here is the exchange rate between the New Zealand Dollar and the Philippine Pesos today, November 18, 2022.
Pinoys from New Zealand are sending money to their family or loved ones in the Philippines, while Filipinos from the Philippines are receiving regular remittances from a family member or a loved one living or working in New Zealand.
NZD-PHP rate matters to you regardless of whether you are a receiver of money from a family member or a loved one in New Zealand or a sender of remittances to your family or loved ones. You can have your NZD converted to PHP through money exchange services and financial institutions.
Based on Prokerala, here is the New Zealand Dollar to Philippine Peso exchange rate for today, November 18, 2022:
1 New Zealand Dollar (NZD) to Philippine Peso (PHP)
- Buying: 35.1655
Most Filipinos chose to live or work outside the Philippines as they want to earn a sustainable income and to also have a more comfortable and better life.
There are several countries that have a promising exchange rate of their currencies with the Philippine Peso. With this, Filipinos chose to live or work abroad to help their families in the Philippines by sending remittances.
According to a report, the Bangko Sentral ng Pilipinas (BSP) on Thursday hiked its benchmark interest rate by 75 bps (basis points) to 5% to match the United States Federal Reserve’s earlier adjustment and to tame inflation.
“Under the current global conditions, the dollar is so strong, then a small difference between the policy rate between the US and the Philippines will prohibit a much lower peso,” Medalla said.