Ni-Vanuatu Vatu to Euro — exchange rate

Country of Circulation: Vanuatu

Currency Code, Symbol: VUV, VT

Denominations of coins in circulation: 1VT, 2VT, 5VT, 10VT, 20VT, 50VT, 100VT

Denominations of banknotes in circulation: 200VT, 500VT, 1,000VT, 2,000VT, 5,000VT, 10,000VT

History: The vatu (Vt) is the national currency of a republic in Melanesia called Vanuatu. In currency exchange and on the international market, the currency is known as VUV. The currency does not have any coinage.The state issues only small coins worth a few vatu. VUV has first been issued in 1982. It has replaced the New Hebrides franc that had lasted for some time. Since 2011, the country has stopped issuing coins worth 1 and 2 vatu, but they remain legal in use. The name translates as “a rock”. It is likely that it was chosen due to sounding similar to the country’s name.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