MUR information
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.
AXIA to MUR conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ₨0.06220 | 0.0200% / 0.0320%VIP 7 |
How to buy Axia Protocol
Buy AXIA (or USDT) for MUR (Mauritian Rupee) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
O OTEDOLA 70 trades|Completion rate 100.00% | 1 USD | Amount300 USDT Limit10 - 300 USD | ||
m mundocripto 13 trades|Completion rate 100.00% | 1.018 USD | Amount253.11 USDT Limit10 - 200 USD | ||
R Recharge 42 trades|Completion rate 100.00% | 1.029 USD | Amount295.72 USDT Limit10 - 360 USD | ||
T TradePro 20 trades|Completion rate 100.00% | 1.03 USD | Amount818.96 USDT Limit100 - 800 USD | ||
R Russiad_BC 23 trades|Completion rate 96.00% | 1.034 USD | Amount127.48 USDT Limit10 - 129 USD |
Sell AXIA (or USDT) for MUR (Mauritian Rupee) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
S Suarman Trades 16 trades|Completion rate 94.00% | 1.2 USD | Amount40000 USDT Limit1200 - 46000 USD | ||
R Recharge 42 trades|Completion rate 100.00% | 1.197 USD | Amount1463 USDT Limit10 - 1007 USD | ||
R Russiad_BC 23 trades|Completion rate 96.00% | 1.197 USD | Amount3723.2 USDT Limit10 - 4000 USD | ||
c cR7_trader 3 trades|Completion rate 100.00% | 1.123 USD | Amount4788.74 USDT Limit100 - 5000 USD | ||
B BGUSER-VBXPGM6X 46 trades|Completion rate 92.00% | 1.122 USD | Amount99576.3 USDT Limit10 - 50000 USD |
What factors influence the conversion rate of Axia Protocol to Mauritian Rupee?
Axia Protocol to Mauritian Rupee is falling this week.Conversion tables
The exchange rate of Axia Protocol is decreasing.AXIA to MUR
MUR to AXIA
Today vs. 24 hours ago
Amount | 19:34 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 AXIA | $0.0006651 | $0.0006651 | -0.01% |
1 AXIA | $0.001330 | $0.001330 | -0.01% |
5 AXIA | $0.006651 | $0.006651 | -0.01% |
10 AXIA | $0.01330 | $0.01330 | -0.01% |
50 AXIA | $0.06651 | $0.06651 | -0.01% |
100 AXIA | $0.1330 | $0.1330 | -0.01% |
500 AXIA | $0.6651 | $0.6651 | -0.01% |
1000 AXIA | $1.33 | $1.33 | -0.01% |
Today vs. 1 month ago
Amount | 19:34 today | 1 month ago | 1M change |
---|---|---|---|
0.5 AXIA | $0.0006651 | $0.0009649 | -46.13% |
1 AXIA | $0.001330 | $0.001930 | -46.13% |
5 AXIA | $0.006651 | $0.009649 | -46.13% |
10 AXIA | $0.01330 | $0.01930 | -46.13% |
50 AXIA | $0.06651 | $0.09649 | -46.13% |
100 AXIA | $0.1330 | $0.1930 | -46.13% |
500 AXIA | $0.6651 | $0.9649 | -46.13% |
1000 AXIA | $1.33 | $1.93 | -46.13% |
Today vs. 1 year ago
Amount | 19:34 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 AXIA | $0.0006651 | $0.02511 | -98.59% |
1 AXIA | $0.001330 | $0.05022 | -98.59% |
5 AXIA | $0.006651 | $0.2511 | -98.59% |
10 AXIA | $0.01330 | $0.5022 | -98.59% |
50 AXIA | $0.06651 | $2.51 | -98.59% |
100 AXIA | $0.1330 | $5.02 | -98.59% |
500 AXIA | $0.6651 | $25.11 | -98.59% |
1000 AXIA | $1.33 | $50.22 | -98.59% |
Axia Protocol price prediction
What will the price of AXIA be in 2025?
What will the price of AXIA be in 2030?
Other crypto price predictions
Convert popular cryptocurrencies
Bitget Earn
APR
Purchase other cryptocurrencies with similar market cap
Popular Axia Protocol conversions
Popular cryptocurrencies to MUR
Discover more cryptocurrencies
Latest coin listings on Bitget
FAQ
Buy Axia Protocol for 1 MUR
A welcome pack worth 1000 USDT for new Bitgetters!