Mauritanian Ouguiya

Mauritanian Ouguiya

The ouguiya (sign: UM; Arabic: أوقية‎; currency code: MRU), also spelled "ougiya", is the currency of Mauritania. Each ouguiya constitutes five khoums (singular and plural in English, Arabic: خمس‎, meaning "one fifth"). As such it is one of two circulating currencies, along with the Malagasy ariary, whose division units are not based on a power of ten. The current ouguiya was introduced in 2018, replacing the old ouguiya at a rate of 1 new ouguiya = 10 old ouguiya, which in turn replaced the CFA franc at a rate of 1 old ouguiya = 5 francs. The name "Ouguiya" (أوقية) is the Hassaniya Arabic pronunciation of "Awqiyyah" (أُوقِية), meaning "ounce".

South African Rand

South African Rand

The rand (sign: R; code: ZAR) is the currency of South Africa. The Rand is subdivided into 100 cents (sign: "c"). The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand (South African Rand). The Rand is legal tender in the Common Monetary Area between South Africa, Swaziland, Lesotho, and Namibia, although the last three countries do have their own currencies pegged at par with rand. Before 1976, the rand was legal tender in Botswana.

25 Mauritanian Ouguiya to South African Rand exchange rates chart

25 MRO to ZAR exchange rates graph
25 MRO to ZAR Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

25 MRO to ZAR exchange rates table

Exchange MRO to ZAR
25 Mauritanian Ouguiya = 0.996 South African Rand
50 Mauritanian Ouguiya = 1.992 South African Rand
125 Mauritanian Ouguiya = 4.979 South African Rand
250 Mauritanian Ouguiya = 9.958 South African Rand
Exchange Mauritanian Ouguiya to South African Rand
25 Mauritanian Ouguiya to South African Rand Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

25 MRO to ZAR exchange rates news

Reform in the Sahel: Mars, Mauritius or Mauritania? | Daily Maverick

Plans are afoot to extract more value and better integrate fishing into the Mauritanian economy. Doing so will require a break from the past – including making considerable investment in infrastructure, implanting a new set of policies, and ensuring a new way of doing things. The sector is a key test for a country which could, if it walks its own talk, become a regional exemplar. By GREG MILLS.

about 2 years conditional positive
Rand gains ahead of GDP data

The rand moved in tandem with other emerging markets which have been buoyed by thaw in tensions between the world’s top two economies as presidents Donald Trump and Xi Jinping struck a deal at the G20 summit over the weekend in Argentina.

about 2 months conditional positive
South Africa's Rand Falls to 2-Year Low As Turkey Rout Spreads

Magnitude of rand's slide came after three days of heavy losses and caught South African Reserve Bank by surprise, but deputy governor at bank told Reuters that regulator was 'nowhere near' intervening to support currency

about 2 months conditional positive

25 MRO to ZAR currency converter