DRAC to NIO Converter and calculator


Conversion rates
Convert DRAC to NIO
Convert NIO to DRAC
DRAC to NIO chart
DRAC to NIO conversion data: Volatility and price changes of DRAC Network in NIO
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.004986 NIO | 0.004986 NIO | 0.005459 NIO | 0.007427 NIO |
Low | 0.004803 NIO | 0.004584 NIO | 0.004108 NIO | 0.001764 NIO |
Average | 0 NIO | 0 NIO | 0 NIO | 0 NIO |
Volatility | % | % | % | % |
Change | +3.82% | +8.78% | -7.25% | +31.83% |
DRAC Network information
DRAC to NIO market statistics
Current DRAC to NIO exchange rate
DRAC Network to Nicaraguan Córdoba is rising this week.More info about DRAC Network on Bitget
Nicaraguan Córdoba information
About Nicaraguan Córdoba (NIO)
The Nicaraguan Córdoba (NIO), introduced in 1912, serves not just as Nicaragua's official currency but also as a symbol of the nation's tumultuous history and its ongoing economic journey. It is commonly abbreviated as NIO and represented by the symbol C$. Named after the Spanish conquistador Francisco Hernández de Córdoba, who founded Nicaragua, the Córdoba has been integral to the nation's socio-economic fabric.
Historical Background
The introduction of the Córdoba was a significant step in consolidating Nicaragua's economic independence in the early 20th century. It replaced the peso and marked a new chapter in the nation's monetary history, mirroring its broader quest for national identity and economic self-determination.
Design and Symbolism
The design of the Nicaraguan Córdoba reflects the country's diverse cultural heritage and natural beauty. Banknotes and coins feature images of historical figures, indigenous art, and landmarks of national significance. These designs do more than facilitate transactions; they narrate stories of Nicaragua’s past and present, fostering a sense of national pride and unity.
Economic Role
The Córdoba plays a crucial role in Nicaragua’s economy, which is marked by agriculture, manufacturing, and an emerging service sector, including tourism. As the primary medium of exchange, it supports these sectors, enabling trade and investment and is vital for the everyday economic activities of Nicaraguans.
Monetary Policy and Inflation
Managed by the Central Bank of Nicaragua, the Córdoba has faced challenges including inflation and currency devaluation, especially during periods of political and economic instability. The central bank’s policies aim to stabilize the currency, which is crucial for maintaining economic confidence and promoting sustainable growth.
International Trade and the Nicaraguan Córdoba
In international trade, the stability of the Córdoba is important, especially for Nicaragua's exports like coffee, beef, and gold. A stable exchange rate is essential for maintaining competitive prices in the global market and attracting foreign investment.
Remittances and Economic Impact
Remittances from Nicaraguans living abroad, particularly in the United States and Costa Rica, are a crucial source of foreign income. These remittances, converted into Córdobas, play a substantial role in supporting families and contribute significantly to the national economy.
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DRAC to NIO Conversion tables
Amount | 15:56 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 DRAC | C$0.002497 | C$0.002405 | +3.82% |
1 DRAC | C$0.004994 | C$0.004811 | +3.82% |
5 DRAC | C$0.02497 | C$0.02405 | +3.82% |
10 DRAC | C$0.04994 | C$0.04811 | +3.82% |
50 DRAC | C$0.2497 | C$0.2405 | +3.82% |
100 DRAC | C$0.4994 | C$0.4811 | +3.82% |
500 DRAC | C$2.5 | C$2.41 | +3.82% |
1000 DRAC | C$4.99 | C$4.81 | +3.82% |
DRAC to NIO FAQ
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