Euro to Paraguayan Guarani — exchange rate

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More

Country of Circulation: Paraguay

Currency Code, Symbol: PYG, ₲

Denominations of coins in circulation: 50, 100, 500 & 1,000 guaraníes

Denominations of banknotes in circulation: 2,000, 5,000, 10,000, 20,000, 50,000 & 100,000 PYG

History: The Paraguayan guaraní, also known as ₲, is the national currency of a country located in South America, Paraguay. In the financial world, guaraní is abbreviated to PYG. Céntimos are coins used as change for the guaraní.One PYG has 100 céntimos. The national currency has been issued since 1943. It has replaced the previous currency of Paraguayan peso. Despite the fact that céntimos exist, they are practically not used in payment. Due to inflation, the coins lost their value and could not be used as a currency anymore.Read More