UYU 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.
MEMEFI to UYU conversion rate trend
How to buy MEMEFI
Buy MEMEFI (or USDT) for UYU (Uruguayan Peso) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell MEMEFI (or USDT) for UYU (Uruguayan Peso) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of MEMEFI to Uruguayan Peso?
MEMEFI to Uruguayan Peso is falling this week.Conversion tables
The exchange rate of MEMEFI is decreasing.MEMEFI to UYU
UYU to MEMEFI
Today vs. 24 hours ago
Amount | 15:18 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MEMEFI | $0.002547 | $0.002600 | -2.08% |
1 MEMEFI | $0.005093 | $0.005201 | -2.08% |
5 MEMEFI | $0.02547 | $0.02601 | -2.08% |
10 MEMEFI | $0.05093 | $0.05201 | -2.08% |
50 MEMEFI | $0.2547 | $0.2601 | -2.08% |
100 MEMEFI | $0.5093 | $0.5201 | -2.08% |
500 MEMEFI | $2.55 | $2.6 | -2.08% |
1000 MEMEFI | $5.09 | $5.2 | -2.08% |
Today vs. 1 month ago
Amount | 15:18 today | 1 month ago | 1M change |
---|---|---|---|
0.5 MEMEFI | $0.002547 | $0.004418 | -42.41% |
1 MEMEFI | $0.005093 | $0.008837 | -42.41% |
5 MEMEFI | $0.02547 | $0.04418 | -42.41% |
10 MEMEFI | $0.05093 | $0.08837 | -42.41% |
50 MEMEFI | $0.2547 | $0.4418 | -42.41% |
100 MEMEFI | $0.5093 | $0.8837 | -42.41% |
500 MEMEFI | $2.55 | $4.42 | -42.41% |
1000 MEMEFI | $5.09 | $8.84 | -42.41% |
Today vs. 1 year ago
Amount | 15:18 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 MEMEFI | $0.002547 | $0.0002500 | +918.60% |
1 MEMEFI | $0.005093 | $0.0005000 | +918.60% |
5 MEMEFI | $0.02547 | $0.002500 | +918.60% |
10 MEMEFI | $0.05093 | $0.005000 | +918.60% |
50 MEMEFI | $0.2547 | $0.02500 | +918.60% |
100 MEMEFI | $0.5093 | $0.05000 | +918.60% |
500 MEMEFI | $2.55 | $0.2500 | +918.60% |
1000 MEMEFI | $5.09 | $0.5000 | +918.60% |
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