Converting from Vanuatu Vatu (VUV) to Mauritius Rupee (MUR)

What is Vanuatu Vatu (VUV)

The Vanuatu Vatu (VUV) is the official currency of the Republic of Vanuatu, an island nation located in the South Pacific Ocean. The Vatu was introduced in 1981, replacing the New Hebridean franc. The name “vatu” comes from a local word for “stone,” referring to the traditional methods of trade in the region. The currency is subdivided into 100 centimes, although centimes are rarely used in everyday transactions.

The Vanuatu Vatu is represented by the symbol “Vt” and comes in various denominations. Banknotes are available in the following values: Vt 200, Vt 500, Vt 1,000, and Vt 5,000. Coins are available in Vt 1, Vt 2, Vt 5, Vt 10, and Vt 20. The exchange rate for the Vanuatu Vatu can fluctuate based on economic conditions, tourism, and trade. Understanding the value of the Vatu is essential for travelers and businesses that operate in Vanuatu.

What is Mauritius Rupee (MUR)

The Mauritius Rupee (MUR) is the official currency of Mauritius, an island nation located in the Indian Ocean. The rupee has been in circulation since the early 19th century and is derived from the Indian rupee. The name “rupee” is derived from a historical silver coin, and this currency continues to be a vital part of the Mauritian economy.

The symbol for the Mauritius Rupee is “Rs,” and it is divided into 100 cents. The central bank, the Bank of Mauritius, manages the issuance and regulation of the currency. Banknotes come in denominations of Rs 25, Rs 50, Rs 100, Rs 200, Rs 500, Rs 1,000, and Rs 2,000, while coins are available in Rs 1, Rs 2, Rs 5, Rs 10, Rs 20, and Rs 50. The exchange rate of the Mauritius Rupee fluctuates based on various factors including economic performance, inflation, and global market trends.

Converting VUV to MUR

When converting Vanuatu Vatu to Mauritius Rupee, it’s essential to check the current exchange rate. Generally, you can use the formula:

Amount in MUR = Amount in VUV × Exchange Rate (VUV to MUR)

For example, if the current exchange rate is 0.015 MUR for 1 VUV, converting 1,000 VUV would result in:

Amount in MUR = 1,000 × 0.015 = 15 MUR

Keep in mind that exchange rates can change frequently, so it’s advisable to consult with banks or currency exchange services for the most accurate and up-to-date rates. Having a basic understanding of these two currencies can simplify your transactions and enhance your experience when traveling or doing business in Vanuatu or Mauritius.