Uruguayan Peso to Euro — exchange rate

Country of Circulation: Uruguay

Currency Code, Symbol: UYU, $U

Denominations of coins in circulation: $1, $2, $5, $10

Denominations of banknotes in circulation: $20, $50, $100, $200, $500, $1000, $2000

History: The Uruguayan peso ($U) is a currency of a country located in South America called Uruguay. It is not used in other countries. In the international financial arena, it is known as UYU.The coins are called centésimos. Every Uruguayan peso can be exchanged for 100 centésimos. The currency has been issued in 1835. It has replaced the nuevo peso used as the national currency before that. The currency’s rate is defined by the floating system. Inflation and the political situation in the country influence the rate.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