Convert and Swap Ethereum ETH to New Zealand Dollar NZD
ETH/NZD: 1 Ethereum equals NZ$5,923.35 NZD
Last update: 12:07 PM, December 23, 2024
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Ethereum is falling this week.
The current price of Ethereum is NZ$5,923.35 per ETH. With a circulating supply of 120,457,250.779 ETH, it means that Ethereum has a total market cap of NZ$711,666,260,169.89. The amount of Ethereum traded has risen by NZ$2,546,524,625.86 in the last 24 hours, which is a 4.84% increase. Additionally, in the last day, NZ$52,569,144,873.95 worth of ETH has been traded.
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About Ethereum
Ethereum is a decentralized computing platform that uses ETH (also called Ether) to pay transaction fees (or “gas”). Developers can use Ethereum to run decentralized applications (dApps) and issue new crypto assets, known as Ethereum tokens.
Ethereum (ETH) is a decentralized, open-source blockchain system that features its own cryptocurrency, Ether. It serves as a platform for numerous other cryptocurrencies and for the execution of decentralized smart contracts. Ethereum's primary goal is to become a global platform for decentralized applications, allowing users worldwide to write and run software that is resistant to censorship, downtime, and fraud. Ethereum's blockchain is designed to host other cryptocurrencies, called "tokens," through its ERC-20 compatibility standard. This has led to the launch of more than 280,000 ERC-20-compliant tokens to date.
Ethereum operates through a network of computers that work together as a supercomputer. The network, in its entirety, validates and records transactions that occur on its platform. Ethereum's core innovation, the Ethereum Virtual Machine (EVM), is a Turing complete software that runs on the Ethereum network. It enables anyone to run any program, regardless of the programming language, making the creation of blockchain applications much more accessible. At its core, Ethereum operates on a proof-of-work system, but there are plans to transition to a proof-of-stake algorithm to boost the platform's scalability and add a number of new features.
Ethereum's potential use cases extend beyond the simple transfer of value. Its smart contracts can automatically execute transactions when certain conditions are met. These smart contracts are being used to create decentralized applications, or "dapps," that enable users to interact directly with the blockchain. Some of the most common use cases for Ethereum include decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs). Ethereum also hosts other cryptocurrencies and facilitates the execution of smart contracts, making it a key player in the blockchain space.
Ethereum was first described in a 2013 whitepaper by Vitalik Buterin, a programmer involved in Bitcoin Magazine. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014, and the blockchain was officially launched on July 30, 2015. Since its launch, Ethereum has undergone several planned protocol upgrades, which are important changes affecting the underlying functionality and/or incentive structures of the platform. The Ethereum Foundation, a team of developers and researchers, continues to coordinate upgrades and protocol changes.
How Ethereum and New Zealand Dollar differ
Ethereum (ETH) and the New Zealand Dollar (NZD) are both mediums of exchange, but they operate in fundamentally different ways. Ethereum is a decentralized, open-source blockchain system that features its own cryptocurrency, Ether. It aims to become a global platform for decentralized applications, allowing users worldwide to write and run software that is resistant to censorship, downtime, and fraud. Ethereum's blockchain is designed to host other cryptocurrencies, called "tokens," through its ERC-20 compatibility standard. On the other hand, the New Zealand Dollar is a traditional fiat currency issued and regulated by the Reserve Bank of New Zealand. It is used for all types of transactions within New Zealand and can be physically held and spent. Unlike Ethereum, the NZD does not use blockchain technology, is not decentralized, and does not facilitate the execution of smart contracts. Ethereum operates through a network of computers that work together as a supercomputer, validating and recording transactions on its platform. In contrast, NZD transactions are processed through traditional banking systems. Ethereum's potential use cases extend beyond the simple transfer of value, with its smart contracts being used to create decentralized applications that enable users to interact directly with the blockchain. The NZD, however, is primarily used for buying and selling goods and services.
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The exchange rate of Ethereum is decreasing.
The current value of 1 ETH is NZ$5,923.35 NZD. In other words, to buy 5 Ethereum, it would cost you NZ$29,616.76 NZD. Inversely, NZ$1.00 NZD would allow you to trade for 0.000169 ETH while NZ$50.00 NZD would convert to 0.008441 ETH, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 14.75%. Meanwhile, in the last 24 hours, the rate has changed by 1.16%, and that the the highest exchange rate of 1 ETH to New Zealand Dollar was NZ$6,003.29 NZD and the lowest 24 hour value was 1 ETH for NZ$5,695.59 NZD. This time last month, the value of 1 ETH was NZ$5,755.17 NZD, which is a 0.73% increase from where it is now. Looking back a year, Ethereum has changed by NZ$3,668.72 NZD.
ETH to NZD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
NZ$5,967.61 NZD | -1.16% | NZ$6,773.91 NZD | -14.75% | NZ$5,755.17 NZD | -0.73% | NZ$3,668.72 NZD | 41.96% |
ETH to NZD
Amount | Today at 12:07 pm |
|---|---|
0.5 ETH | NZ$2,961.68 |
1 ETH | NZ$5,923.35 |
5 ETH | NZ$29,616.76 |
10 ETH | NZ$59,233.51 |
50 ETH | NZ$296,167.57 |
100 ETH | NZ$592,335.14 |
500 ETH | NZ$2,961,675.71 |
1,000 ETH | NZ$5,923,351.43 |
NZD to ETH
Amount | Today at 12:07 pm |
|---|---|
0.5 NZD | 0.000084 ETH |
1 NZD | 0.000169 ETH |
5 NZD | 0.000844 ETH |
10 NZD | 0.0017 ETH |
50 NZD | 0.0084 ETH |
100 NZD | 0.0169 ETH |
500 NZD | 0.0844 ETH |
1,000 NZD | 0.17 ETH |
Today vs. 24 hours ago
Amount | Today at 12:07 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 ETH | NZ$2,961.68 | NZ$2,991.02 | -0.98% |
1 ETH | NZ$5,923.35 | NZ$5,982.05 | -0.98% |
5 ETH | NZ$29,616.76 | NZ$29,910.24 | -0.98% |
10 ETH | NZ$59,233.51 | NZ$59,820.48 | -0.98% |
50 ETH | NZ$296,167.57 | NZ$299,102.39 | -0.98% |
100 ETH | NZ$592,335.14 | NZ$598,204.79 | -0.98% |
500 ETH | NZ$2,961,675.71 | NZ$2,991,023.94 | -0.98% |
1,000 ETH | NZ$5,923,351.43 | NZ$5,982,047.88 | -0.98% |
Today vs. 1 month ago
Amount | Today at 12:07 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 ETH | NZ$2,961.68 | NZ$2,976.77 | -0.51% |
1 ETH | NZ$5,923.35 | NZ$5,953.53 | -0.51% |
5 ETH | NZ$29,616.76 | NZ$29,767.66 | -0.51% |
10 ETH | NZ$59,233.51 | NZ$59,535.33 | -0.51% |
50 ETH | NZ$296,167.57 | NZ$297,676.64 | -0.51% |
100 ETH | NZ$592,335.14 | NZ$595,353.29 | -0.51% |
500 ETH | NZ$2,961,675.71 | NZ$2,976,766.43 | -0.51% |
1,000 ETH | NZ$5,923,351.43 | NZ$5,953,532.85 | -0.51% |
Today vs. 1 year ago
Amount | Today at 12:07 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 ETH | NZ$2,961.68 | NZ$2,047.12 | +44.68% |
1 ETH | NZ$5,923.35 | NZ$4,094.23 | +44.68% |
5 ETH | NZ$29,616.76 | NZ$20,471.16 | +44.68% |
10 ETH | NZ$59,233.51 | NZ$40,942.33 | +44.68% |
50 ETH | NZ$296,167.57 | NZ$204,711.64 | +44.68% |
100 ETH | NZ$592,335.14 | NZ$409,423.27 | +44.68% |
500 ETH | NZ$2,961,675.71 | NZ$2,047,116.37 | +44.68% |
1,000 ETH | NZ$5,923,351.43 | NZ$4,094,232.73 | +44.68% |
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