Understanding the exchange rate between PayPal USD (PYUSD) and the Nicaraguan Córdoba (NIO) is essential for international transactions, investments, or travel planning. This guide provides a comprehensive overview of the current conversion rates, historical trends, and practical insights for exchanging PYUSD to NIO.
Current Exchange Rate: PYUSD to NIO
As of the latest update, the conversion rate for PayPal USD to Nicaraguan Córdoba is:
1 PYUSD = 36.83 NIO
This means that for every PayPal USD you hold, you can exchange it for 36.83 Nicaraguan Córdobas. For larger amounts, such as 5 PYUSD, you would receive approximately 184.16 NIO. Conversely, 1 NIO is equivalent to 0.02715 PYUSD. It’s important to note that these rates are subject to change due to market fluctuations, and additional fees may apply during transactions.
PYUSD to NIO Conversion Table
Below is a quick reference table for common PYUSD to NIO conversions:
| PYUSD Amount | Equivalent in NIO |
|---|---|
| 1 PYUSD | 36.83 NIO |
| 5 PYUSD | 184.16 NIO |
| 10 PYUSD | 368.31 NIO |
| 50 PYUSD | 1,841.55 NIO |
| 100 PYUSD | 3,683.10 NIO |
| 500 PYUSD | 18,415.51 NIO |
| 1000 PYUSD | 36,831.02 NIO |
Historical Performance and Trends
Tracking the historical performance of PYUSD against NIO helps identify patterns and make informed decisions. Over the past week, the exchange rate has seen minor fluctuations:
- 7-Day High: 36.86 NIO
- 7-Day Low: 36.80 NIO
- Average Rate: Stable around 36.83 NIO
In the last 24 hours, the rate decreased by 0.03%, indicating slight volatility. For a broader perspective, here’s a summary of recent trends:
| Period | High | Low | Change |
|---|---|---|---|
| 24 Hours | 36.85 NIO | 36.81 NIO | -0.03% |
| 7 Days | 36.86 NIO | 36.80 NIO | -0.02% |
| 30 Days | 36.87 NIO | 36.78 NIO | -0.01% |
| 90 Days | 36.91 NIO | 36.78 NIO | -0.01% |
Market Statistics for PYUSD
PayPal USD maintains a strong presence in the digital currency market. Key metrics include:
- 24-Hour Trading Volume: 667,481,403.1 NIO
- Market Capitalization: 32,084,128,753.26 NIO
- Circulating Supply: 871,116,900 PYUSD
These figures highlight PYUSD’s liquidity and stability, making it a reliable option for conversions.
Understanding the Nicaraguan Córdoba (NIO)
The Nicaraguan Córdoba (NIO) has been the official currency of Nicaragua since 1912, named after Spanish conquistador Francisco Hernández de Córdoba. It plays a vital role in the country’s economy, facilitating trade, investment, and daily transactions. The currency features designs reflecting Nicaragua’s cultural heritage and natural beauty, symbolizing national pride.
Economic Role and Stability
Managed by the Central Bank of Nicaragua, the Córdoba faces challenges like inflation and devaluation during economic uncertainties. However, it remains integral to sectors like agriculture, manufacturing, and tourism. Remittances from Nicaraguans abroad also contribute significantly to the economy, often exchanged into NIO.
How to Convert PYUSD to NIO
Converting PayPal USD to Nicaraguan Córdoba involves a few straightforward steps:
- Choose a Platform: Select a reputable exchange platform that supports PYUSD and NIO transactions.
- Check Rates: Verify the current exchange rate to ensure transparency.
- Execute Conversion: Follow the platform’s instructions to complete the exchange, considering any applicable fees.
👉 Explore real-time conversion tools for the latest rates and seamless transactions.
Factors Influencing PYUSD to NIO Rates
Several factors impact the exchange rate between PYUSD and NIO:
- Market Demand: Fluctuations in cryptocurrency markets affect PYUSD’s value.
- Economic Policies: Central Bank decisions in Nicaragua influence NIO stability.
- Global Events: Geopolitical or economic events can cause sudden rate changes.
Frequently Asked Questions
What is the current exchange rate for PYUSD to NIO?
As of the latest data, 1 PYUSD equals 36.83 NIO. However, rates update frequently due to market conditions.
How much NIO can I get for 5 PYUSD?
At the current rate, 5 PYUSD would convert to approximately 184.16 NIO, excluding any transaction fees.
Is PYUSD a stable currency for conversions?
PYUSD is a stablecoin pegged to the US dollar, making it less volatile than other cryptocurrencies. However, minor fluctuations can still occur.
What factors cause changes in the PYUSD/NIO rate?
Market demand, economic policies in Nicaragua, and global cryptocurrency trends all contribute to rate changes.
Where can I convert PYUSD to NIO?
Reputable cryptocurrency exchanges and conversion platforms offer this service. Always compare rates and fees before proceeding.
Are there fees for converting PYUSD to NIO?
Yes, most platforms charge transaction or processing fees. Check the terms beforehand to avoid surprises.
Conclusion
Converting PayPal USD to Nicaraguan Córdoba requires attention to real-time rates, market trends, and reliable platforms. With 1 PYUSD currently valued at 36.83 NIO, users can make informed decisions for transactions or investments. Stay updated on market changes and use trusted tools for the best results.