Currency Rate
Uruguayan New Peso to USD
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Buying rate
UYU 0.021292
Selling rate
UYU0.028181
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The Uruguayan peso (symbol: $; code: UYU) is the official currency of Uruguay.
Currency Details
- Country code UY
- Symbol UYU
- ISO Code UYU
- Subunits 1 Peso = 100 Centésimos
Coins
- 1 peso
- 2 pesos
- 5 pesos
- 10 pesos
Banknotes
- 20 pesos
- 50 pesos
- 100 pesos
- 200 pesos
- 500 pesos
- 1000 pesos
- 2000 pesos
The Uruguayan Peso, abbreviated as UYU, is the official currency of Uruguay. Symbolized as "$" (shared with other peso currencies), it is subdivided into 100 centésimos, though centésimo coins are rarely used today. The current version of the peso was introduced in 1993, replacing the nuevo peso in Uruguay's ongoing economic modernization.
History and Background
Uruguay's currency history reflects its economic evolution. The first Uruguayan peso was introduced in 1896, replacing the real at a rate of 1 peso = 1000 reales. After periods of inflation and currency reforms, the nuevo peso was introduced in 1975 (at 1000:1), followed by the current peso in 1993 (at 1000:1 again). The peso's name continues Latin America's Spanish colonial monetary heritage, while its stability today represents Uruguay's economic resilience.
Uruguay's currency history reflects its economic evolution. The first Uruguayan peso was introduced in 1896, replacing the real at a rate of 1 peso = 1000 reales. After periods of inflation and currency reforms, the nuevo peso was introduced in 1975 (at 1000:1), followed by the current peso in 1993 (at 1000:1 again). The peso's name continues Latin America's Spanish colonial monetary heritage, while its stability today represents Uruguay's economic resilience.
Economic Significance
The peso operates in one of South America's most stable economies, managed by the Central Bank of Uruguay. Unlike some neighbors, Uruguay maintains a floating exchange rate, with the peso's value influenced by the country's strong agricultural exports (beef, soy, and dairy) and growing tech sector. While Uruguay has dollarized sectors (especially real estate), the peso remains dominant for daily transactions, showing confidence in the national currency.
The peso operates in one of South America's most stable economies, managed by the Central Bank of Uruguay. Unlike some neighbors, Uruguay maintains a floating exchange rate, with the peso's value influenced by the country's strong agricultural exports (beef, soy, and dairy) and growing tech sector. While Uruguay has dollarized sectors (especially real estate), the peso remains dominant for daily transactions, showing confidence in the national currency.
Usage and Exchange
In Uruguay, pesos are essential for everyday purchases, though US dollars are sometimes accepted in tourist areas. ATMs dispense pesos (look for "Red BROU" for lowest fees), and exchange houses offer competitive rates, especially in Montevideo, Punta del Este, and Colonia. Credit cards are widely accepted, but small vendors and rural areas prefer cash. Unique to Uruguay is the coexistence of coins and banknotes for the same values (like $50 coins and bills).
Conclusion The Uruguayan peso embodies the nation's balance of tradition and modernity. From the historic streets of Colonia to Montevideo's bustling markets, the peso connects visitors to Uruguay's distinctive culture. As one of the region's strongest currencies, it reflects Uruguay's remarkable economic stability and quality of life - making understanding the peso key to enjoying this South American gem.
In Uruguay, pesos are essential for everyday purchases, though US dollars are sometimes accepted in tourist areas. ATMs dispense pesos (look for "Red BROU" for lowest fees), and exchange houses offer competitive rates, especially in Montevideo, Punta del Este, and Colonia. Credit cards are widely accepted, but small vendors and rural areas prefer cash. Unique to Uruguay is the coexistence of coins and banknotes for the same values (like $50 coins and bills).
Conclusion The Uruguayan peso embodies the nation's balance of tradition and modernity. From the historic streets of Colonia to Montevideo's bustling markets, the peso connects visitors to Uruguay's distinctive culture. As one of the region's strongest currencies, it reflects Uruguay's remarkable economic stability and quality of life - making understanding the peso key to enjoying this South American gem.