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.
SHIA to MUR conversion rate trend
Conversion rate comparison of various exchanges
How to buy Shiba Saga
Buy SHIA (or USDT) for MUR (Mauritian Rupee) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
P Ponreay_FX 158 trades|Completion rate 99.00% | 1.01 USD | Amount1000 USDT Limit10 - 1010 USD | ||
金 金边安欣币行 367 trades|Completion rate 98.00% | 1.01 USD | Amount1366.1 USDT Limit10 - 1379 USD | ||
m mundocripto 16 trades|Completion rate 94.00% | 1.018 USD | Amount262.93 USDT Limit10 - 200 USD | ||
Q QuickResponse100% 142 trades|Completion rate 96.00% | 1.03 USD | Amount50 USDT Limit10 - 50 USD | ||
R Recharge 35 trades|Completion rate 76.00% | 1.036 USD | Amount177.48 USDT Limit10 - 183 USD |
Sell SHIA (or USDT) for MUR (Mauritian Rupee) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
B BGUSER-VBXPGM6X 39 trades|Completion rate 91.00% | 1.122 USD | Amount99576.3 USDT Limit10 - 50000 USD | ||
c cR7_trader 7 trades|Completion rate 100.00% | 1.121 USD | Amount4788.74 USDT Limit100 - 5000 USD | ||
R Recharge 35 trades|Completion rate 76.00% | 1.121 USD | Amount958.25 USDT Limit10 - 1000 USD | ||
D DimTrade 0 trades|Completion rate 0.00% | 1.1 USD | Amount4502.79 USDT Limit100 - 1000 USD | ||
y yaske212 24 trades|Completion rate 75.00% | 1.016 USD | Amount600 USDT Limit20 - 600 USD |
What factors influence the conversion rate of Shiba Saga to Mauritian Rupee?
Shiba Saga to Mauritian Rupee is falling this week.Conversion tables
The exchange rate of Shiba Saga is decreasing.SHIA to MUR
MUR to SHIA
Today vs. 24 hours ago
Amount | 03:06 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 SHIA | $0.0001208 | $0.0001069 | +11.18% |
1 SHIA | $0.0002417 | $0.0002137 | +11.18% |
5 SHIA | $0.001208 | $0.001069 | +11.18% |
10 SHIA | $0.002417 | $0.002137 | +11.18% |
50 SHIA | $0.01208 | $0.01069 | +11.18% |
100 SHIA | $0.02417 | $0.02137 | +11.18% |
500 SHIA | $0.1208 | $0.1069 | +11.18% |
1000 SHIA | $0.2417 | $0.2137 | +11.18% |
Today vs. 1 month ago
Amount | 03:06 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 SHIA | $0.0001208 | $0.0006606 | -79.53% |
1 SHIA | $0.0002417 | $0.001321 | -79.53% |
5 SHIA | $0.001208 | $0.006606 | -79.53% |
10 SHIA | $0.002417 | $0.01321 | -79.53% |
50 SHIA | $0.01208 | $0.06606 | -79.53% |
100 SHIA | $0.02417 | $0.1321 | -79.53% |
500 SHIA | $0.1208 | $0.6606 | -79.53% |
1000 SHIA | $0.2417 | $1.32 | -79.53% |
Today vs. 1 year ago
Amount | 03:06 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 SHIA | $0.0001208 | $-0.{4}1806 | -- |
1 SHIA | $0.0002417 | $-0.{4}3613 | -- |
5 SHIA | $0.001208 | $-0.0001806 | -- |
10 SHIA | $0.002417 | $-0.0003613 | -- |
50 SHIA | $0.01208 | $-0.001806 | -- |
100 SHIA | $0.02417 | $-0.003613 | -- |
500 SHIA | $0.1208 | $-0.01806 | -- |
1000 SHIA | $0.2417 | $-0.03613 | -- |
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