Convert NZD to WST Exchange Rate

The lowdown on the Samoan Tala

Economical Influences on the Samoan Tala Exchange Rate

If you are considering converting AUD to WST, it’s good to get a snapshot of how the economy may influence the Samoan tala.

The economy of Samoa has traditionally been reliant on development aid, tourism and fishing; with agriculture and fishing making up around 90% of Samoa's exports.¹

The service sector in Samoa is lively, employing around half of the countries labour force and making up around two thirds of overall GDP.¹

Foreign reserves are relatively healthy and the inflation of the Samoan tala remains low over the course of the last few years.²

Samoan Tala Historical Exchange Rate

There were some major fluctuations between the NZD/WST exchange rate between 2014 and 2019.³

On 15 July 2014, 1 NZD would get you around 2.04 WST; while 6 months later the WST was then worth approximately 1.80530 per NZD.³

Improving over 2015, by 27 September 2015 the NZD was now worth 1.68172 WST; a year later on 22 September 2016 that figure was 1.88598 WST per NZD.³

Stabilising over the following months, 1New Zealand dollar was worth 1.87898 by 16 July 2017, and 1.88745 per NZD by 14 April 2018.³

In 2018 the WST strengthened further against the NZD to reach 1.71166 per New Zealand dollar on 9 October.³

<sup>Sources
1. Central Intelligence Agency - https://www.cia.gov/library/publications/the-world-factbook/geos/ws.html
2. OANDA - https://www.oanda.com/currency/iso-currency-codes/WST
3. XE - https://www.xe.com/currencycharts/?from=NZD&to=WST&view=5Y</sup>

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