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".

US Dollar

US Dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the United States Constitution since 1792. For most practical purposes, it is divided into 100 smaller cent (¢) units, but is occasionally divided into 1000 mills (₥) for accounting purposes. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). Since the suspension in 1971 of convertibility of paper U.S. currency into any precious metal, the U.S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U.S. dollar is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U.S. dollar coins (such as the Sacagawea or presidential dollar). As of June 27, 2018, there are approximately $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes (the remaining $50 billion is in the form of coins).

359 Mauritanian Ouguiya to US Dollar exchange rates chart

359 MRO to USD exchange rates graph
359 MRO to USD 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.

359 MRO to USD exchange rates table

Exchange MRO to USD
359 Mauritanian Ouguiya = 0.997 US Dollar
718 Mauritanian Ouguiya = 1.995 US Dollar
1795 Mauritanian Ouguiya = 4.987 US Dollar
3590 Mauritanian Ouguiya = 9.974 US Dollar
Exchange Mauritanian Ouguiya to US Dollar
359 Mauritanian Ouguiya to US Dollar 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.

359 MRO to USD exchange rates news

Kinross reports 2018 third-quarter results

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indicative neutral
There's something behind this market sell-off that no one is talking about: The strong dollar

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indicative neutral
The Dollar Keeps Getting Stronger. Here’s What That Means for You.

On Monday, the US dollar reached its highest level in a year and a half, as measured against a weighted basket of foreign currencies. You can now buy a Euro for just $1.12, and a British Pound for $1.29. What does that mean for Americans?

conditional positive
Rupee drops 39 paise against US dollar as crude oil rebounds - Times of India

India Business News: Cutting short the 10-day selling trend, crude oil prices rose by around 1% to touch $71 per barrel mark after the world's largest oil exporter Saudi A

indicative negative
Rupee recovers 22 paise to 72.67 against US dollar

Positive macro data which showed retail inflation dropping to a 13-month low in October also bolstered the market sentiment.

indicative negative

359 MRO to USD currency converter