SNS to BOB Converter and calculator


Conversion rates
Convert SNS to BOB
Convert BOB to SNS
SNS to BOB chart
SNS to BOB conversion data: Volatility and price changes of Melody in BOB
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.02684 BOB | 0.02737 BOB | 0.02802 BOB | 0.03338 BOB |
Low | 0.02649 BOB | 0.02629 BOB | 0.02373 BOB | 0.02337 BOB |
Average | 0 BOB | 0 BOB | 0 BOB | 0 BOB |
Volatility | % | % | % | % |
Change | -1.33% | +0.73% | -6.49% | -14.62% |
Melody information
SNS to BOB market statistics
Current SNS to BOB exchange rate
Melody to Bolivian Boliviano is rising this week.More info about Melody on Bitget
Bolivian Boliviano information
About the Bolivian Boliviano (BOB)
What Is the Bolivian Boliviano (BOB)?
The Bolivian Boliviano (BOB), the national currency of Bolivia, plays a pivotal role in the country's economy. Represented by the ISO code BOB and symbolized as Bs., the Boliviano is subdivided into 100 centavos. The Bolivian Boliviano is the sole legal tender in Bolivia, and it is used for all transactions within the country.
The Bolivian Boliviano is issued by the Central Bank of Bolivia, known in Spanish as the "Banco Central de Bolivia." This institution is responsible for the production, management, and regulation of the Bolivian currency.
What Is the History of BOB?
Introduced in 1864, the original Boliviano replaced the Spanish colonial real at a rate of eight Bolivianos for one Bolivian peso. This first iteration, however, was short-lived due to economic instability, leading to its replacement by the peso in 1963. The current version of the Boliviano was introduced in 1987, during a period of rampant inflation, at a rate of 1 new Boliviano = 1,000,000 old pesos.
Notes and Coins of BOB
The Boliviano features a variety of denominations in both coins and banknotes. Coins come in denominations of 10, 20, 50 centavos, and 1, 2, and 5 Bolivianos. Banknotes are issued in denominations of 10, 20, 50, 100, and 200 Bolivianos. Each denomination has a distinct color and features prominent Bolivian figures and cultural symbols.
Economic Stability and Exchange Rate
Since 2012, the Bolivian central bank has maintained a steady foreign exchange value of the Boliviano at approximately 6.9 to the U.S. dollar. Bolivia experienced a low inflation rate of 0.7% in 2021, indicating relative economic stability compared to global trends.
Bolivia remains a predominantly cash-focused economy, especially in less urbanized areas. While cards and online payments are accepted in tourist regions, Boliviano coins and banknotes are widely used for daily transactions.
Is BOB Pegged to USD?
The Bolivian Boliviano (BOB) is not pegged to the United States Dollar (USD). Bolivia operates under a managed float exchange rate system. In this system, the value of the Boliviano is not fixed to the USD but is instead influenced by market forces. However, the Central Bank of Bolivia may intervene in the foreign exchange market to stabilize the currency and control excessive fluctuations. This approach allows for a more flexible exchange rate that can adjust to changes in the global and domestic economic environment.
Is BOB a Stable Currency?
The Bolivian Boliviano (BOB) has demonstrated notable stability in recent years, particularly since 2012 when the Central Bank of Bolivia managed to maintain a steady foreign exchange rate, hovering around 6.9 Bolivianos to the U.S. Dollar. This stability is further underscored by Bolivia's inflation rate, which reached a remarkably low level of 0.7% in 2021. Such a low inflation rate, especially in the context of global economic fluctuations, indicates a period of relative economic stability for the Boliviano. This stability is a significant achievement for Bolivia, considering the challenges faced by many emerging economies in maintaining currency stability amidst external and internal economic pressures.
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SNS to BOB Conversion tables
Amount | 00:15 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 SNS | Bs.0.01324 | Bs.0.01342 | -1.33% |
1 SNS | Bs.0.02649 | Bs.0.02684 | -1.33% |
5 SNS | Bs.0.1324 | Bs.0.1342 | -1.33% |
10 SNS | Bs.0.2649 | Bs.0.2684 | -1.33% |
50 SNS | Bs.1.32 | Bs.1.34 | -1.33% |
100 SNS | Bs.2.65 | Bs.2.68 | -1.33% |
500 SNS | Bs.13.24 | Bs.13.42 | -1.33% |
1000 SNS | Bs.26.49 | Bs.26.84 | -1.33% |
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