Euro closing price EUR to NIO in Nicaragua on March 15

On the last day, the euro traded at the closing price of 39.05 Nicaraguan cordoba, an increase of 38.88 compared to the Nicaraguan cordoba 0.43% the previous day.

In

relation to profitability last week, the euro rose 0.86%, but on the contrary, last year it was still down 6.34%. Comparing this value with the previous day, we can see that a 0.64% decrease was recorded due to a change in the direction of the previous results, indicating a lack of stability in the results over the past few days. The volatility of the last 7 days was 8.35%, which is higher than the annual volatility figure (6.67%), which shows that the value changes more than the general trend.

In the

annual photo, the euro reached a maximum of 40.43 Nicaraguan cordoba and the lowest level was 38.44 Nicaraguan cordoba. The euro is closer to its lowest value than the maximum.

The

Nicaraguan

Cordoba Cordoba is a monetary unit that is legally used in Nicaragua and is abbreviated as NIO; it is divided into 100 cents, and the transit is controlled by the central bank of the country.

The name of the coin comes in honor of the second surname of Captain Francisco Hernandez de Córdoba, the Spanish conqueror who founded the cities of Granada and Leon.

Córdoba was introduced on August 25, 1908 by order of the then President Adolfo Diaz, who issued 10 Cordova coins and replaced pesos. At that time, the new currency was the exchange rate of 5 Córdoba per pound sterling.

On November 13, 1931, Córdoba began trading at a parity rate of 1.10 Cordova per US dollar, but after several devaluation, it rose to 7 Córdoba per US dollar between 1946 and April 1979.

By 1991, the government launched a successful monetary stabilization plan, which was successful in curbing overvaluation and obtaining price, exchange rate and currency stability. As of January 1993, the country switched to a mini-valuation system, which is 3% per year since 2019.

In the

economic sector, Nicaragua recorded a significant drop. In 2018 and 2019, gross domestic product decreased by -3% and -2% in 2020, although it increased slightly in 2021, but the economy of Nicaragua is higher than that of Venezuela.

In addition, under the current government of Daniel Ortega, the World Bank estimated that poverty increased from 13.5% in 2019 to 14.6% in 2021. In addition to the coronavirus, the country was fed by hurricanes Eta and Lota, which caused great confusion.

In addition to this scenario, sanctions against the countries of the United States and the European Union led to alliances with Venezuela, Cuba and China, which intensified after the last election in which Ortega won the re-election was classified as a fraud.

According to the forecasts of the Economic Commission for Latin America and the Caribbean (ECLAC), Nicaragua and Guatemala or the Dominican Republic will not recover economic levels in 2022, as before the COVID-19 pandemic.

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