1MT to BYN Converter and calculator


Conversion rates
Convert 1MT to BYN
Convert BYN to 1MT
1MT to BYN chart
1MT to BYN conversion data: Volatility and price changes of 1Move in BYN
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.003012 BYN | 0.003012 BYN | 0.003647 BYN | 0.004459 BYN |
Low | 0.002956 BYN | 0.002854 BYN | 0.002601 BYN | 0.002601 BYN |
Average | 0 BYN | 0 BYN | 0 BYN | 0 BYN |
Volatility | % | % | % | % |
Change | +0.56% | +5.37% | -16.89% | -33.13% |
1Move information
1MT to BYN market statistics
Current 1MT to BYN exchange rate
1Move to Belarusian Ruble is rising this week.More info about 1Move on Bitget
Belarusian Ruble information
About Belarusian Ruble (BYN)
The Belarusian Ruble (BYN), the official currency of Belarus, is a symbol of the nation’s economic journey and resilience. It is commonly abbreviated as BYN and represented by the symbol Br. With its complex history and pivotal role in Belarus's economy, the Ruble offers a unique insight into the challenges and triumphs of this Eastern European country.
Historical Background
The Belarusian Ruble was introduced shortly after the country gained independence following the dissolution of the Soviet Union in 1991. This change marked a significant moment in Belarus’s history, as the nation sought to establish its own identity and economic autonomy. The early years of the Ruble were marked by hyperinflation and economic instability, mirroring the tumultuous transition from a Soviet republic to an independent state.
Design and Symbolism
The design of the Belarusian Ruble reflects the country’s cultural heritage and national identity. The notes and coins feature prominent historical figures, landmarks, and national symbols. For instance, the Mir Castle and the Nesvizh Castle, both UNESCO World Heritage Sites, are depicted on certain denominations, symbolizing Belarus's rich historical legacy. These designs serve not just as monetary instruments but also as a reminder of the nation's past and its cultural richness.
Economic Role and Value
The Ruble plays a crucial role in the Belarusian economy, facilitating trade and investment within the country. Over the years, the government and the National Bank of Belarus have implemented various reforms to stabilize the currency and control inflation. These efforts have been critical in building confidence in the Ruble and ensuring its functionality as a reliable medium of exchange.
Monetary Reforms and Redenomination
Belarus has undergone several redenominations of its currency, a response to historical periods of high inflation. The most recent redenomination in 2016 aimed to simplify transactions and restore public confidence in the national currency. This move was also part of broader economic reforms intended to stabilize and modernize the Belarusian economy.
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1MT to BYN Conversion tables
Amount | 14:58 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 1MT | Br0.001453 | Br0.001445 | +0.56% |
1 1MT | Br0.002906 | Br0.002889 | +0.56% |
5 1MT | Br0.01453 | Br0.01445 | +0.56% |
10 1MT | Br0.02906 | Br0.02889 | +0.56% |
50 1MT | Br0.1453 | Br0.1445 | +0.56% |
100 1MT | Br0.2906 | Br0.2889 | +0.56% |
500 1MT | Br1.45 | Br1.44 | +0.56% |
1000 1MT | Br2.91 | Br2.89 | +0.56% |
1MT to BYN FAQ
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