Convert United States Dollar to Nicaraguan Córdoba
Please provide values below to convert United States Dollar [USD] to Nicaraguan Córdoba [NIO], or Convert Nicaraguan Córdoba to United States Dollar.
How to Convert United States Dollar to Nicaraguan Córdoba
1 USD = 0.0271841070836346 NIO
Example: convert 15 USD to NIO:
15 USD = 15 × 0.0271841070836346 NIO = 0.407761606254519 NIO
United States Dollar to Nicaraguan Córdoba Conversion Table
| United States Dollar | Nicaraguan Córdoba |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
Nicaraguan Córdoba
The Nicaraguan Córdoba (NIO) is the official currency of Nicaragua, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Nicaraguan Córdoba was introduced in 1912, replacing the Nicaraguan peso. It has undergone several redenominations and reforms, with the current version being issued in 1998 to stabilize the economy after periods of inflation.
Current Use
Today, the Nicaraguan Córdoba is the primary legal tender in Nicaragua, used in all financial transactions, banking, and commerce across the country.