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NGM to MUR Converter and calculator

NGM/MUR: 1 NGM = 0.5491 MUR. The price of converting 1 e-Money (NGM) to Mauritian Rupee (MUR) is 0.5491 MUR today.
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MUR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides NGM to MUR real-time exchange rates, making it easy to convert e-Money (NGM) to Mauritian Rupee (MUR). The conversion result is based on real-time data. The conversion result shows that 1 NGM is currently valued at 0.55 MUR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 NGM is currently valued at 0.55 MUR, which means buying 5 NGM would cost 2.75 MUR. Similarly, ₨1 MUR can be converted to 1.82 NGM, and ₨50 MUR can be converted to 9.11 NGM, excluding any platform or gas fees.

Convert NGM to MUR

Convert MUR to NGM

e-Money
Mauritian Rupee
5000 NGM
2,745.43  MUR
10000 NGM
5,490.87  MUR
In the table above, you'll find a comprehensive NGM to MUR converter that shows the value of e-Money in Mauritian Rupee across commonly used conversion amounts. The list covers conversions from 1 NGM to MUR, all the way up to 10000 NGM, providing a clear view of their respective values.
Mauritian Rupee
e-Money
10000 MUR
18,212.06 NGM
50000 MUR
91,060.28 NGM
100000 MUR
182,120.55 NGM
In the table above, you'll find a comprehensive MUR to NGM converter that shows the value of Mauritian Rupee in e-Money across commonly used conversion amounts. The list covers conversions from 1 MUR to NGM, all the way up to 100000 MUR, providing a clear view of their respective values.

NGM to MUR chart

NGM/MUR: 1 NGM = 0.5491 MUR; 2025/05/01 03:28:52
In the past 1D, e-Money has changed -0.76% to MUR. Based on the trend and price charts, e-Money(NGM) has changed -0.76% to MUR while Mauritian Rupee(MUR) has changed % to NGM in the last 24 hours.
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NGM to MUR conversion data: Volatility and price changes of e-Money in MUR

The highest e-Money price in MUR over the past 7 days was 0.5699 MUR while the lowest e-Money price in MUR over the past 7 days was 0.5089 MUR. The relative change between the highs and lows in e-Money price in MUR over the last 7 days indicates a volatility of %. You can view additional volatility data and NGM to MUR prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.5546 MUR
0.5699 MUR
0.5699 MUR
0.7088 MUR
Low
0.5381 MUR
0.5089 MUR
0.4283 MUR
0.4035 MUR
Average
0 MUR
0 MUR
0 MUR
0 MUR
Volatility
%
%
%
%
Change
-0.76%
+6.56%
+7.82%
-18.95%

e-Money information

NGM to MUR market statistics

NGM/MUR:
₨0.5491
NGM 24h volume:
--
NGM market cap:
₨10,850,113.29
NGM circulating supply:
19.76M NGM

Current NGM to MUR exchange rate

e-Money to Mauritian Rupee is rising this week.
e-Money's current market price is ₨0.5491 per NGM, with a total market cap of ₨10,850,113.29 MUR based on a circulating supply of 19,760,286 NGM. The trading volume of e-Money has changed by -100.00% (₨-- MUR) in the last 24 hours. Last trading day, NGM's trading volume was ₨--.

More info about e-Money on Bitget

Mauritian Rupee information

About the Mauritian Rupee (MUR)

What Is the Mauritian Rupee (MUR)?

The Mauritian Rupee, abbreviated as MUR and often denoted by the currency sign "Rs", is the official currency of Mauritius, an island nation in the Indian Ocean. One rupee is subdivided into 100 cents. The currency symbolizes Mauritius's rich history and cultural diversity, reflecting its historical ties with India and its status as a vibrant, modern economy. The Mauritian Rupee is the sole legal tender in Mauritius, and it is used for all transactions within the country.

The Mauritian Rupee is issued by the Bank of Mauritius, which is the central bank of Mauritius. Established in September 1967, the Bank of Mauritius is responsible for the issuance and management of the country's currency, including both banknotes and coins.

What Is the History of MUR?

The Mauritian Rupee was introduced in 1876, replacing the Indian Rupee, the Mauritian Dollar, and the British Pound Sterling. This change was influenced by the influx of Indian rupees following the immigration of Indian workers to Mauritius's sugar plantations. The introduction of the Mauritian Rupee marked a significant step in the country's journey towards economic independence and identity.

Notes and Coins of MUR

Mauritian Rupee includes both coins and banknotes. Coins are available in denominations of 5, 20, 50 cents, as well as 1, 5, 10, and 20 rupees. Banknotes are issued in denominations of 25, 50, 100, 200, 500, 1,000, and 2,000 rupees. Each banknote features a portrait of a prominent Mauritian figure and a vignette depicting various aspects of Mauritius's culture and natural beauty. The banknotes also incorporate advanced security features, including watermarks, security threads, and elements visible under ultraviolet light.

Is MUR Pegged to USD?

No, the Mauritian Rupee (MUR) is not pegged to the United States Dollar (USD). The Mauritian Rupee operates on a floating exchange rate system, where its value is determined by the foreign exchange market through supply and demand relative to other currencies. This means that the exchange rate of the Mauritian Rupee against the US Dollar and other currencies can fluctuate based on various economic factors, including trade balances, inflation rates, interest rates, and overall economic conditions both within Mauritius and globally.

Can I Use MUR in India?

No, the Mauritian Rupee (MUR) is not accepted for transactions in India. In India, the official currency is the Indian Rupee (INR). While Mauritius and India share historical ties, and both countries use currencies called "rupee," their currencies are distinct and not interchangeable.

Is MUR a Stable Currency?

Historically, the Mauritian Rupee has shown fluctuations in its value against major currencies like the US Dollar, Euro, and Pound Sterling. For instance, over the past five years, it has experienced a depreciation against the US Dollar, with the exchange rate going from approximately 35 MUR/USD in early 2019 to about 45 MUR/USD as of January 2024. This trend indicates a relative instability in its value. While there have been periods of depreciation, the central bank has implemented measures to ensure liquidity and manage inflation, which have contributed to a degree of stability in the domestic economy.

Bitget crypto-to-fiat exchange data shows that the most popular e-Money currency pair is the NGM to MUR, with for e-Money's currency code being NGM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MUR.

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How to convert NGM to MUR

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NGM to MUR Conversion tables

The exchange rate of e-Money is increasing.
The exchange rate of 1 NGM to Mauritian Rupee has changed by +6.56% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.76%, reaching a high of 0.5546 MUR and a low of 0.5381 MUR . One month ago, the value of 1 NGM was ₨0.5093 MUR , which represents a +7.82% change from its current value. Over the last year, e-Money has changed by
+
0.2185MUR
, resulting in a change of +66.07% in its value.
24 hours ago1 month ago1 year ago
Amount03:28 am today24 hours ago24h change
0.5 NGM₨0.2745₨0.2767
-0.76%
1 NGM₨0.5491₨0.5533
-0.76%
5 NGM₨2.75₨2.77
-0.76%
10 NGM₨5.49₨5.53
-0.76%
50 NGM₨27.45₨27.67
-0.76%
100 NGM₨54.91₨55.33
-0.76%
500 NGM₨274.54₨276.66
-0.76%
1000 NGM₨549.09₨553.32
-0.76%

NGM to MUR FAQ

How much is 1 e-Money in MUR?
Right now, the price of 1 e-Money (NGM) in Mauritian Rupee (MUR) is ₨0.5491.
How much NGM can I buy for 1 MUR?
Based on the current exchange rate, you can get 1.82 NGM for 1 MUR.
How do I calculate or convert NGM to MUR?
You can use our NGM to MUR calculator at the top of this page to convert any amount of NGM to MUR. We've also included quick-reference tables for the most popular conversions. For example, 5 MUR is equivalent to 9.11 NGM, while 5 NGM will cost around 2.75MUR.
What is the highest price of NGM/MUR in history?
The all-time high price of 1 NGM in MUR is ₨124.75. It remains to be seen if the value of 1 NGM/MUR will exceed the current all-time high.
What is the price trend of e-Money in MUR?
Over the past 7 days, the exchange rate of e-Money (NGM) has gone up by 6.56%.   Over the last month, the exchange rate of e-Money (NGM) has gone up by 7.82% against Mauritian Rupee (MUR).

What factors influence the conversion rate of NGM to MUR?

There are many factors that affect the relationship between e-Money and Mauritian Rupee, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of NGM/MUR. When there is positive news in the market about the widespread adoption of NGM or major technological breakthroughs, it tends to trigger market optimism and drive the rise of NGM/MUR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in NGM/MUR.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of NGM/MUR. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of e-Money and adjust their investment strategies accordingly in the evolving market.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.