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base info Tether USDt

Tether USDt to Bolivian Boliviano Converter and calculator

Convert 1Tether USDt (USDT) to Bolivian Boliviano (BOB) equals Bs. 6.94 | Bitget

BOB information

About the Bolivian Boliviano (BOB)

What Is the Bolivian Boliviano (BOB)?

The Bolivian Boliviano (BOB), the national currency of Bolivia, plays a pivotal role in the country's economy. Represented by the ISO code BOB and symbolized as Bs., the Boliviano is subdivided into 100 centavos. The Bolivian Boliviano is the sole legal tender in Bolivia, and it is used for all transactions within the country.

The Bolivian Boliviano is issued by the Central Bank of Bolivia, known in Spanish as the "Banco Central de Bolivia." This institution is responsible for the production, management, and regulation of the Bolivian currency.

What Is the History of BOB?

Introduced in 1864, the original Boliviano replaced the Spanish colonial real at a rate of eight Bolivianos for one Bolivian peso. This first iteration, however, was short-lived due to economic instability, leading to its replacement by the peso in 1963. The current version of the Boliviano was introduced in 1987, during a period of rampant inflation, at a rate of 1 new Boliviano = 1,000,000 old pesos.

Notes and Coins of BOB

The Boliviano features a variety of denominations in both coins and banknotes. Coins come in denominations of 10, 20, 50 centavos, and 1, 2, and 5 Bolivianos. Banknotes are issued in denominations of 10, 20, 50, 100, and 200 Bolivianos. Each denomination has a distinct color and features prominent Bolivian figures and cultural symbols.

Economic Stability and Exchange Rate

Since 2012, the Bolivian central bank has maintained a steady foreign exchange value of the Boliviano at approximately 6.9 to the U.S. dollar. Bolivia experienced a low inflation rate of 0.7% in 2021, indicating relative economic stability compared to global trends.

Bolivia remains a predominantly cash-focused economy, especially in less urbanized areas. While cards and online payments are accepted in tourist regions, Boliviano coins and banknotes are widely used for daily transactions.

Is BOB Pegged to USD?

The Bolivian Boliviano (BOB) is not pegged to the United States Dollar (USD). Bolivia operates under a managed float exchange rate system. In this system, the value of the Boliviano is not fixed to the USD but is instead influenced by market forces. However, the Central Bank of Bolivia may intervene in the foreign exchange market to stabilize the currency and control excessive fluctuations. This approach allows for a more flexible exchange rate that can adjust to changes in the global and domestic economic environment.

Is BOB a Stable Currency?

The Bolivian Boliviano (BOB) has demonstrated notable stability in recent years, particularly since 2012 when the Central Bank of Bolivia managed to maintain a steady foreign exchange rate, hovering around 6.9 Bolivianos to the U.S. Dollar. This stability is further underscored by Bolivia's inflation rate, which reached a remarkably low level of 0.7% in 2021. Such a low inflation rate, especially in the context of global economic fluctuations, indicates a period of relative economic stability for the Boliviano. This stability is a significant achievement for Bolivia, considering the challenges faced by many emerging economies in maintaining currency stability amidst external and internal economic pressures.

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Bitget crypto-to-fiat exchange data shows that the most popular Tether USDt currency pair is the USDT to BOB, with for Tether USDt's currency code being USDT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BOB.

USDT to BOB conversion rate trend

1D7D1M3M1YAll
In the past 1D, Tether USDt has changed -0.03% to BOB. Based on the trend and price charts, Tether USDt(USDT) has changed -0.03% to BOB while Bolivian Boliviano(BOB) has changed % to USDT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Bs.6.94
0.0001% / 0.0004%vip-iconVIP
Last updated 2024/04/16 13:42:29(UTC+0)

What factors influence the conversion rate of Tether USDt to Bolivian Boliviano?

Tether USDt to Bolivian Boliviano is rising this week.
Tether USDt's current market price is Bs. 6.94 per USDT, with a total market cap of Bs. 750,186,440,697.66 BOB based on a circulating supply of 108,100,166,000 USDT. The trading volume of Tether USDt has changed by +4.13% (Bs. 24,562,976,061.91 BOB) in the last 24 hours. Last trading day, USDT's trading volume was Bs. 594,558,034,079.03.
Market cap
$108.16B
24h volume
$89.26B
Circulating supply
108.10B USDT

Conversion tables

The exchange rate of Tether USDt is increasing.
1 USDT is currently valued at Bs. 6.94 BOB , which means buying 5 USDT will cost Bs. 34.7 BOB . Similarly, Bs.1 BOB can be traded for 0.1441 USDT, and Bs.50 BOB can be converted to 7.2 USDT, excluding any platform or gas fees.
The exchange rate of 1 USDT to Bolivian Boliviano has changed by +0.04% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.03%, reaching a high of 6.95 BOB and a low of 6.93 BOB . One month ago, the value of 1 USDT was Bs. 6.93 BOB , which represents a +0.17% change from its current value. Over the last year, Tether USDt has changed by
+Bs.
0.002266BOB
, resulting in a change of +0.03% in its value.

USDT to BOB

Amount
13:42 today
0.5 USDT
Bs.3.47
1 USDT
Bs.6.94
5 USDT
Bs.34.7
10 USDT
Bs.69.4
50 USDT
Bs.346.99
100 USDT
Bs.693.97
500 USDT
Bs.3,469.87
1000 USDT
Bs.6,939.73

BOB to USDT

Amount13:42 today
0.5BOB0.07205  USDT
1BOB0.1441  USDT
5BOB0.7205  USDT
10BOB1.44  USDT
50BOB7.2  USDT
100BOB14.41  USDT
500BOB72.05  USDT
1000BOB144.1  USDT
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Today vs. 24 hours ago

Amount13:42 today24 hours ago24h change
0.5 USDT$0.5003$0.5004
-0.03%
1 USDT$1$1
-0.03%
5 USDT$5$5
-0.03%
10 USDT$10.01$10.01
-0.03%
50 USDT$50.03$50.04
-0.03%
100 USDT$100.05$100.08
-0.03%
500 USDT$500.26$500.42
-0.03%
1000 USDT$1,000.52$1,000.84
-0.03%

Today vs. 1 month ago

Amount13:42 today1 month ago1M change
0.5 USDT$0.5003$0.4994
+0.17%
1 USDT$1$0.9988
+0.17%
5 USDT$5$4.99
+0.17%
10 USDT$10.01$9.99
+0.17%
50 USDT$50.03$49.94
+0.17%
100 USDT$100.05$99.88
+0.17%
500 USDT$500.26$499.41
+0.17%
1000 USDT$1,000.52$998.81
+0.17%

Today vs. 1 year ago

Amount13:42 today1 year ago1Y change
0.5 USDT$0.5003$0.5001
+0.03%
1 USDT$1$1
+0.03%
5 USDT$5$5
+0.03%
10 USDT$10.01$10
+0.03%
50 USDT$50.03$50.01
+0.03%
100 USDT$100.05$100.02
+0.03%
500 USDT$500.26$500.1
+0.03%
1000 USDT$1,000.52$1,000.2
+0.03%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.