MAGAIBA to UYU Converter and calculator


Conversion rates
Convert MAGAIBA to UYU
Convert UYU to MAGAIBA
MAGAIBA to UYU chart
MAGAIBA to UYU conversion data: Volatility and price changes of Magaiba in UYU
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.003327 UYU | 0.003488 UYU | 0.004848 UYU | 0.008779 UYU |
Low | 0.003282 UYU | 0.003296 UYU | 0.002618 UYU | 0.002618 UYU |
Average | 0 UYU | 0 UYU | 0 UYU | 0 UYU |
Volatility | % | % | % | % |
Change | +1.38% | -8.23% | +17.05% | -48.11% |
Magaiba information
MAGAIBA to UYU market statistics
Current MAGAIBA to UYU exchange rate
Magaiba to Uruguayan Peso is falling this week.More info about Magaiba on Bitget
Uruguayan Peso information
About Uruguayan Peso (UYU)
The Uruguayan Peso (UYU), introduced in 1896, is the official currency of Uruguay and a key symbol of the nation's economic stability and progress. It is commonly abbreviated as UYU and represented by the symbol $. The Peso's introduction marked a significant step in Uruguay's journey towards creating a robust and independent economy.
Historical Background
The introduction of the Uruguayan Peso was a crucial development in Uruguay’s economic history, reflecting the country's efforts to establish a stable and sovereign monetary system. The Peso replaced the Uruguayan currency known as the “patacón,” signifying Uruguay's transition from a largely agrarian economy to one more integrated with international markets.
Design and Symbolism
The design of the Uruguayan Peso reflects the nation’s cultural heritage and natural beauty. Banknotes and coins feature images of national heroes, landmarks, and symbols of Uruguay’s rich flora and fauna. These designs not only serve as a medium for financial transactions but also as reminders of Uruguay's unique identity and pride.
Economic Role
The Peso plays a central role in Uruguay’s economy, characterized by its robust agricultural sector, growing tourism industry, and a well-developed service sector. As the primary medium of exchange, it supports these sectors, facilitating trade, investment, and the everyday economic activities of Uruguayans.
Monetary Policy and Stability
Managed by the Central Bank of Uruguay, the Peso has maintained relative stability in a region often marked by economic volatility. The bank’s monetary policies focus on maintaining this stability, controlling inflation, and fostering a healthy economic environment conducive to growth and investment.
International Trade and the Uruguayan Peso
In international trade, the stability of the Peso is crucial, particularly for Uruguay's exports such as beef, soybeans, and dairy products. A stable Peso is vital for maintaining competitive export prices and for managing the import of goods.
Remittances and Economic Impact
Remittances from Uruguayans living abroad, particularly in Spain, Argentina, and the USA, are a significant source of foreign income. These remittances, converted into Pesos, support many families and contribute to the national economy.
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MAGAIBA to UYU Conversion tables
Amount | 13:04 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MAGAIBA | $0.001663 | $0.001640 | +1.38% |
1 MAGAIBA | $0.003325 | $0.003280 | +1.38% |
5 MAGAIBA | $0.01663 | $0.01640 | +1.38% |
10 MAGAIBA | $0.03325 | $0.03280 | +1.38% |
50 MAGAIBA | $0.1663 | $0.1640 | +1.38% |
100 MAGAIBA | $0.3325 | $0.3280 | +1.38% |
500 MAGAIBA | $1.66 | $1.64 | +1.38% |
1000 MAGAIBA | $3.33 | $3.28 | +1.38% |
MAGAIBA to UYU FAQ
What factors influence the conversion rate of MAGAIBA to UYU?
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