Converting from Lithuanian Lita (LTL) to South Sudanese Pound (SSP)

What is Lithuanian Lita (LTL)

The Lithuanian Lita (LTL) was the official currency of Lithuania before the country adopted the Euro (EUR) in January 2015. The Lita was subdivided into 100 centų. It was first introduced in 1922 and re-established in 1993 after Lithuania regained independence from the Soviet Union. The LTL played a significant role in the country's economic development, facilitating trade and investment. The currency symbol for the Lita was "Lt," and its ISO code was LTL.

During its circulation, the LTL was known for its relative stability compared to neighboring currencies. The exchange rate was affected by various factors, including Lithuania's economic performance and fluctuations in the Eurozone. After joining the Eurozone, the Lita was exchanged at a rate of 3.4528 LTL to 1 EUR, effectively marking the end of an important chapter in Lithuania's financial history.

What is South Sudanese Pound (SSP)

The South Sudanese Pound (SSP) is the official currency of South Sudan, a country that gained independence from Sudan in July 2011. The SSP was introduced in 2011, replacing the Sudanese Pound at a rate of 1 SSP to 1 SSP (currency stability was maintained as the country sought to establish its monetary identity). The currency is further subdivided into 100 piastres. The SSP has faced significant challenges since its inception, including hyperinflation and depreciation against major currencies like the US dollar (USD).

The currency symbol for the South Sudanese Pound is "£SS," and its ISO code is SSP. Economic instability, conflict, and reliance on oil exports have impacted the value of the SSP since its introduction. The government of South Sudan has implemented various monetary policies to stabilize the currency and promote economic growth. However, the SSP continues to face fluctuations, primarily influenced by global oil prices and internal economic conditions.

Converting LTL to SSP

While the Lithuanian Lita is no longer in circulation, historical conversion rates may still be of interest to travelers or researchers looking into past economic data. For practical purposes, anyone seeking to convert LTL to SSP today should use historical exchange rates and then convert LTL to Euros and, finally, from Euros to SSP.

To get a clearer conversion path, consider the following:

1. Find historical LTL to EUR exchange rate: As noted earlier, before LTL was replaced, 1 LTL equaled approximately 0.28955 EUR.
2. Convert to SSP: Using current SSP to EUR exchange rates (which vary), you can obtain the amount in SSP by multiplying the converted EUR value by the current SSP rate. If, for example, 1 EUR equals 800 SSP today, you can use the formula:

Amount in SSP = Amount in LTL × 0.28955 × 800

This formula should help you approximate the conversion from LTL to SSP for any historical analysis or financial reason.