Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3
base info Tether USDt

Tether USDt to Mauritian Rupee Converter and calculator

Convert 1Tether USDt (USDT) to Mauritian Rupee (MUR) equals ₨ 46.53 | Bitget

MUR information

About the Mauritian Rupee (MUR)

What Is the Mauritian Rupee (MUR)?

The Mauritian Rupee, abbreviated as MUR and often denoted by the currency sign "Rs", is the official currency of Mauritius, an island nation in the Indian Ocean. One rupee is subdivided into 100 cents. The currency symbolizes Mauritius's rich history and cultural diversity, reflecting its historical ties with India and its status as a vibrant, modern economy. The Mauritian Rupee is the sole legal tender in Mauritius, and it is used for all transactions within the country.

The Mauritian Rupee is issued by the Bank of Mauritius, which is the central bank of Mauritius. Established in September 1967, the Bank of Mauritius is responsible for the issuance and management of the country's currency, including both banknotes and coins.

What Is the History of MUR?

The Mauritian Rupee was introduced in 1876, replacing the Indian Rupee, the Mauritian Dollar, and the British Pound Sterling. This change was influenced by the influx of Indian rupees following the immigration of Indian workers to Mauritius's sugar plantations. The introduction of the Mauritian Rupee marked a significant step in the country's journey towards economic independence and identity.

Notes and Coins of MUR

Mauritian Rupee includes both coins and banknotes. Coins are available in denominations of 5, 20, 50 cents, as well as 1, 5, 10, and 20 rupees. Banknotes are issued in denominations of 25, 50, 100, 200, 500, 1,000, and 2,000 rupees. Each banknote features a portrait of a prominent Mauritian figure and a vignette depicting various aspects of Mauritius's culture and natural beauty. The banknotes also incorporate advanced security features, including watermarks, security threads, and elements visible under ultraviolet light.

Is MUR Pegged to USD?

No, the Mauritian Rupee (MUR) is not pegged to the United States Dollar (USD). The Mauritian Rupee operates on a floating exchange rate system, where its value is determined by the foreign exchange market through supply and demand relative to other currencies. This means that the exchange rate of the Mauritian Rupee against the US Dollar and other currencies can fluctuate based on various economic factors, including trade balances, inflation rates, interest rates, and overall economic conditions both within Mauritius and globally.

Can I Use MUR in India?

No, the Mauritian Rupee (MUR) is not accepted for transactions in India. In India, the official currency is the Indian Rupee (INR). While Mauritius and India share historical ties, and both countries use currencies called "rupee," their currencies are distinct and not interchangeable.

Is MUR a Stable Currency?

Historically, the Mauritian Rupee has shown fluctuations in its value against major currencies like the US Dollar, Euro, and Pound Sterling. For instance, over the past five years, it has experienced a depreciation against the US Dollar, with the exchange rate going from approximately 35 MUR/USD in early 2019 to about 45 MUR/USD as of January 2024. This trend indicates a relative instability in its value. While there have been periods of depreciation, the central bank has implemented measures to ensure liquidity and manage inflation, which have contributed to a degree of stability in the domestic economy.

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

USDT to MUR conversion rate trend

1D7D1M3M1YAll
In the past 1D, Tether USDt has changed +0.04% to MUR. Based on the trend and price charts, Tether USDt(USDT) has changed +0.04% to MUR while Mauritian Rupee(MUR) has changed % to USDT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₨46.53
0.0001% / 0.0004%vip-iconVIP
Last updated 2024/04/18 16:39:16(UTC+0)

What factors influence the conversion rate of Tether USDt to Mauritian Rupee?

Tether USDt to Mauritian Rupee is rising this week.
Tether USDt's current market price is ₨ 46.53 per USDT, with a total market cap of ₨ 5,073,531,110,730.61 MUR based on a circulating supply of 109,031,965,000 USDT. The trading volume of Tether USDt has changed by -1.80% (₨ -58,684,841,642.05 MUR) in the last 24 hours. Last trading day, USDT's trading volume was ₨ 3,257,735,186,080.1.
Market cap
$109.08B
24h volume
$68.78B
Circulating supply
109.03B USDT

Conversion tables

The exchange rate of Tether USDt is increasing.
1 USDT is currently valued at ₨ 46.53 MUR , which means buying 5 USDT will cost ₨ 232.66 MUR . Similarly, ₨1 MUR can be traded for 0.02149 USDT, and ₨50 MUR can be converted to 1.07 USDT, excluding any platform or gas fees.
The exchange rate of 1 USDT to Mauritian Rupee has changed by +0.05% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.04%, reaching a high of 46.59 MUR and a low of 46.49 MUR . One month ago, the value of 1 USDT was ₨ 46.5 MUR , which represents a +0.07% change from its current value. Over the last year, Tether USDt has changed by
-
0.01091MUR
, resulting in a change of -0.02% in its value.

USDT to MUR

Amount
16:39 today
0.5 USDT
23.27
1 USDT
46.53
5 USDT
232.66
10 USDT
465.33
50 USDT
2,326.63
100 USDT
4,653.25
500 USDT
23,266.26
1000 USDT
46,532.51

MUR to USDT

Amount16:39 today
0.5MUR0.01075  USDT
1MUR0.02149  USDT
5MUR0.1075  USDT
10MUR0.2149  USDT
50MUR1.07  USDT
100MUR2.15  USDT
500MUR10.75  USDT
1000MUR21.49  USDT
share

Today vs. 24 hours ago

Amount16:39 today24 hours ago24h change
0.5 USDT$0.5002$0.5000
+0.04%
1 USDT$1$1
+0.04%
5 USDT$5$5
+0.04%
10 USDT$10$10
+0.04%
50 USDT$50.02$50
+0.04%
100 USDT$100.05$100.01
+0.04%
500 USDT$500.24$500.04
+0.04%
1000 USDT$1,000.48$1,000.08
+0.04%

Today vs. 1 month ago

Amount16:39 today1 month ago1M change
0.5 USDT$0.5002$0.4999
+0.07%
1 USDT$1$0.9998
+0.07%
5 USDT$5$5
+0.07%
10 USDT$10$10
+0.07%
50 USDT$50.02$49.99
+0.07%
100 USDT$100.05$99.98
+0.07%
500 USDT$500.24$499.88
+0.07%
1000 USDT$1,000.48$999.77
+0.07%

Today vs. 1 year ago

Amount16:39 today1 year ago1Y change
0.5 USDT$0.5002$0.5004
-0.02%
1 USDT$1$1
-0.02%
5 USDT$5$5
-0.02%
10 USDT$10$10.01
-0.02%
50 USDT$50.02$50.04
-0.02%
100 USDT$100.05$100.07
-0.02%
500 USDT$500.24$500.36
-0.02%
1000 USDT$1,000.48$1,000.72
-0.02%

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.