Nicaraguan Cordoba to Euro — exchange rate

Country of Circulation: Nicaragua

Currency Code, Symbol: NIO, C$

Denominations of coins in circulation: 5, 10, 25, 50 centavos, C$1, C$5

Denominations of banknotes in circulation: C$5, C$10, C$20, C$50, C$100, C$200, C$500, C$1,000

History: The Nicaraguan córdoba (C$) is the official currency of Nicaragua. International currency exchange uses NIO as an abbreviation for the córdoba. The Nicaraguan córdoba is subdivided into centavos.Every NIO has 100 centavos. The currency has become official in 1912. It took the place of the outdated Nicaraguan peso. The currency has faced inflation a couple of times. Thus, in the 80s of the past century, overprints that added to value were pretty common. Due to how easy it was to counterfeit, fake notes took over the market.Read More

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