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About the Mauritian Rupee (MUR)
What Is the Mauritian Rupee (MUR)?
The Mauritian Rupee, abbreviated as MUR and often denoted by the currency sign "Rs", is the official currency of Mauritius, an island nation in the Indian Ocean. One rupee is subdivided into 100 cents. The currency symbolizes Mauritius's rich history and cultural diversity, reflecting its historical ties with India and its status as a vibrant, modern economy. The Mauritian Rupee is the sole legal tender in Mauritius, and it is used for all transactions within the country.
The Mauritian Rupee is issued by the Bank of Mauritius, which is the central bank of Mauritius. Established in September 1967, the Bank of Mauritius is responsible for the issuance and management of the country's currency, including both banknotes and coins.
What Is the History of MUR?
The Mauritian Rupee was introduced in 1876, replacing the Indian Rupee, the Mauritian Dollar, and the British Pound Sterling. This change was influenced by the influx of Indian rupees following the immigration of Indian workers to Mauritius's sugar plantations. The introduction of the Mauritian Rupee marked a significant step in the country's journey towards economic independence and identity.
Notes and Coins of MUR
Mauritian Rupee includes both coins and banknotes. Coins are available in denominations of 5, 20, 50 cents, as well as 1, 5, 10, and 20 rupees. Banknotes are issued in denominations of 25, 50, 100, 200, 500, 1,000, and 2,000 rupees. Each banknote features a portrait of a prominent Mauritian figure and a vignette depicting various aspects of Mauritius's culture and natural beauty. The banknotes also incorporate advanced security features, including watermarks, security threads, and elements visible under ultraviolet light.
Is MUR Pegged to USD?
No, the Mauritian Rupee (MUR) is not pegged to the United States Dollar (USD). The Mauritian Rupee operates on a floating exchange rate system, where its value is determined by the foreign exchange market through supply and demand relative to other currencies. This means that the exchange rate of the Mauritian Rupee against the US Dollar and other currencies can fluctuate based on various economic factors, including trade balances, inflation rates, interest rates, and overall economic conditions both within Mauritius and globally.
Can I Use MUR in India?
No, the Mauritian Rupee (MUR) is not accepted for transactions in India. In India, the official currency is the Indian Rupee (INR). While Mauritius and India share historical ties, and both countries use currencies called "rupee," their currencies are distinct and not interchangeable.
Is MUR a Stable Currency?
Historically, the Mauritian Rupee has shown fluctuations in its value against major currencies like the US Dollar, Euro, and Pound Sterling. For instance, over the past five years, it has experienced a depreciation against the US Dollar, with the exchange rate going from approximately 35 MUR/USD in early 2019 to about 45 MUR/USD as of January 2024. This trend indicates a relative instability in its value. While there have been periods of depreciation, the central bank has implemented measures to ensure liquidity and manage inflation, which have contributed to a degree of stability in the domestic economy.
MSTETH to MKD conversion rate trend
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Current MSTETH to MKD exchange rate
Eigenpie mstETH to Mauritian Rupee is falling this week.MSTETH to MKD Conversion tables
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MKD to MSTETH
MSTETH to MKD Today vs. 24 hours ago
Amount | 03:43 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MSTETH | ден45,283.01 | ден46,314.08 | -1.07% |
1 MSTETH | ден90,566.02 | ден92,628.17 | -1.07% |
5 MSTETH | ден452,830.08 | ден463,140.85 | -1.07% |
10 MSTETH | ден905,660.16 | ден926,281.69 | -1.07% |
50 MSTETH | ден4,528,300.81 | ден4,631,408.45 | -1.07% |
100 MSTETH | ден9,056,601.62 | ден9,262,816.9 | -1.07% |
500 MSTETH | ден45,283,008.1 | ден46,314,084.52 | -1.07% |
1000 MSTETH | ден90,566,016.21 | ден92,628,169.04 | -1.07% |
MSTETH to MKD Today vs. 1 month ago
Amount | 03:43 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 MSTETH | ден45,283.01 | ден50,939.8 | -5.62% |
1 MSTETH | ден90,566.02 | ден101,879.61 | -5.62% |
5 MSTETH | ден452,830.08 | ден509,398.03 | -5.62% |
10 MSTETH | ден905,660.16 | ден1,018,796.07 | -5.62% |
50 MSTETH | ден4,528,300.81 | ден5,093,980.35 | -5.62% |
100 MSTETH | ден9,056,601.62 | ден10,187,960.69 | -5.62% |
500 MSTETH | ден45,283,008.1 | ден50,939,803.46 | -5.62% |
1000 MSTETH | ден90,566,016.21 | ден101,879,606.93 | -5.62% |
MSTETH to MKD Today vs. 1 year ago
Amount | 03:43 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 MSTETH | ден45,283.01 | ден-49702.8405 | 0.00% |
1 MSTETH | ден90,566.02 | ден-99405.6810 | 0.00% |
5 MSTETH | ден452,830.08 | ден-497028.4052 | 0.00% |
10 MSTETH | ден905,660.16 | ден-994056.8103 | 0.00% |
50 MSTETH | ден4,528,300.81 | ден-4970284.05160 | 0.00% |
100 MSTETH | ден9,056,601.62 | ден-9940568.1032 | 0.00% |
500 MSTETH | ден45,283,008.1 | ден-49702840.5160 | 0.00% |
1000 MSTETH | ден90,566,016.21 | ден-99405681.03200 | 0.00% |
How to convert MSTETH to MKD



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