Converting from Belarusian New Ruble (BYN) to Moldovan Leu (MDL)

What is Belarusian New Ruble (BYN)

The Belarusian New Ruble (BYN) is the official currency of Belarus, introduced in July 2016. The new ruble was created to replace the previous version, the Belarusian Ruble (BYR), at a conversion rate of 1 BYN to 10,000 BYR. The new currency aimed to simplify transactions and stabilise the economy amid inflation and currency fluctuation issues. The BYN is subdivided into 100 kopecks, which are represented by the symbol "к" or "k".

The Central Bank of Belarus is responsible for issuing and regulating the Belarusian New Ruble. Coins come in denominations of 1, 2, 5, 10, 20, and 50 kopecks, while banknotes are available in denominations of 1, 5, 10, 20, 50, and 100 BYN. The value of the BYN can vary due to economic factors such as inflation, foreign trade relations, and external market conditions. Therefore, understanding the current exchange rate is crucial for anyone looking to convert BYN to another currency, like the Moldovan Leu (MDL).

What is Moldovan Leu (MDL)

The Moldovan Leu (MDL) is the official currency of Moldova, introduced in 1993 to replace the Soviet ruble. Similar to its counterpart in Belarus, the Moldovan Leu is subdivided into 100 bani. The symbol used for the Moldovan Leu is "L" or "lei" for plural, and the currency can be represented in various denominations.

The National Bank of Moldova is responsible for the issuance and regulation of the leu, ensuring its stability and managing inflation. The MDL comes in both coins and banknotes; coins are available in 1, 5, 10, 25, and 50 bani, while banknotes can be found in denominations of 1, 5, 10, 20, 50, 100, 200, and 500 MDL. Like the BYN, the value of the MDL is influenced by domestic and international economic factors.

Converting BYN to MDL

When converting Belarusian New Rubles to Moldovan Lei, it is important to consult the current exchange rates, as they fluctuate daily based on market conditions. To convert the currency, you can use the formula:

Amount in MDL = Amount in BYN × Exchange Rate (BYN to MDL)

For example, if the exchange rate is 1 BYN = 12 MDL, and you have 100 BYN, your conversion would look like this:

100 BYN × 12 = 1200 MDL

It's often advisable to check multiple sources to get the most accurate exchange rate. Additionally, banks and currency exchange services may charge fees or give slightly different rates.

Understanding both currencies and their current exchange rates is essential for seamless transactions between Belarus and Moldova.