XAR to NIO Converter and calculator


Conversion rates
Convert XAR to NIO
Convert NIO to XAR
XAR to NIO chart
XAR to NIO conversion data: Volatility and price changes of Arcana Network in NIO
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.3784 NIO | 0.3784 NIO | 0.3784 NIO | 0.6995 NIO |
Low | 0.2988 NIO | 0.2651 NIO | 0.1676 NIO | 0.1676 NIO |
Average | 0 NIO | 0 NIO | 0 NIO | 0 NIO |
Volatility | % | % | % | % |
Change | -7.99% | +1.11% | +26.86% | -50.41% |
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XAR to NIO market statistics
Current XAR to NIO exchange rate
Arcana Network to Nicaraguan Córdoba is rising this week.More info about Arcana Network on Bitget
Nicaraguan Córdoba information
About Nicaraguan Córdoba (NIO)
The Nicaraguan Córdoba (NIO), introduced in 1912, serves not just as Nicaragua's official currency but also as a symbol of the nation's tumultuous history and its ongoing economic journey. It is commonly abbreviated as NIO and represented by the symbol C$. Named after the Spanish conquistador Francisco Hernández de Córdoba, who founded Nicaragua, the Córdoba has been integral to the nation's socio-economic fabric.
Historical Background
The introduction of the Córdoba was a significant step in consolidating Nicaragua's economic independence in the early 20th century. It replaced the peso and marked a new chapter in the nation's monetary history, mirroring its broader quest for national identity and economic self-determination.
Design and Symbolism
The design of the Nicaraguan Córdoba reflects the country's diverse cultural heritage and natural beauty. Banknotes and coins feature images of historical figures, indigenous art, and landmarks of national significance. These designs do more than facilitate transactions; they narrate stories of Nicaragua’s past and present, fostering a sense of national pride and unity.
Economic Role
The Córdoba plays a crucial role in Nicaragua’s economy, which is marked by agriculture, manufacturing, and an emerging service sector, including tourism. As the primary medium of exchange, it supports these sectors, enabling trade and investment and is vital for the everyday economic activities of Nicaraguans.
Monetary Policy and Inflation
Managed by the Central Bank of Nicaragua, the Córdoba has faced challenges including inflation and currency devaluation, especially during periods of political and economic instability. The central bank’s policies aim to stabilize the currency, which is crucial for maintaining economic confidence and promoting sustainable growth.
International Trade and the Nicaraguan Córdoba
In international trade, the stability of the Córdoba is important, especially for Nicaragua's exports like coffee, beef, and gold. A stable exchange rate is essential for maintaining competitive prices in the global market and attracting foreign investment.
Remittances and Economic Impact
Remittances from Nicaraguans living abroad, particularly in the United States and Costa Rica, are a crucial source of foreign income. These remittances, converted into Córdobas, play a substantial role in supporting families and contribute significantly to the national economy.
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XAR to NIO Conversion tables
Amount | 14:44 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 XAR | C$0.1542 | C$0.1676 | -7.99% |
1 XAR | C$0.3085 | C$0.3353 | -7.99% |
5 XAR | C$1.54 | C$1.68 | -7.99% |
10 XAR | C$3.08 | C$3.35 | -7.99% |
50 XAR | C$15.42 | C$16.76 | -7.99% |
100 XAR | C$30.85 | C$33.53 | -7.99% |
500 XAR | C$154.23 | C$167.63 | -7.99% |
1000 XAR | C$308.46 | C$335.26 | -7.99% |
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