In currencies, this is the abbreviation for the Mauritanian Ouguiya. |||The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
The currency abbreviation or currency symbol for the Mauritanian ouguiya (MRO), the currency for Mauritania. The Mauritanian ouguiya is made up of 5 khoums (Arabic for "one fifth") and is often presented with the symbol UM. Khoum and 1 ouguiya coins are rarely used in Mauritania, do to their low value. |||The Mauritanian ouguiya was first seen in 1973 when it replaced the CFA franc, the currency of the twelve formerly French controlled African countries, at a rate 5 to 1. The ouguiya, along with the Malagasy ariary (the currency of Madagascar), is one of only two currencies in circulation today that is non-decimal based. Both are divided into 5 sub-units rather than ten.
The currency abbreviation for the Malawian kwacha (MWK), the currency for Malawi. The Malawian kwacha is made up of 100 tambala and is often presented with the symbol MK. The name kwacha comes from the word "dawn" in Chichewa, which along with English, is the official language of Malawi. |||From Malawi's independence in 1964, the Malawian pound was the currency of Malawi. The pound remained the currency until 1971, when the Malawian kwacha replaced the pound at a rate of 2:1. At the time of this change, the currency of Malawi was decimalized.
In currencies, this is the abbreviation for the Malawi Kwacha. |||The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
A key measure of business confidence in Australia, published monthly and quarterly by National Australia Bank. The NAB Business Confidence Index is a component of the bank's business survey, which covers hundreds of Australian companies to assess business conditions in the nation. The index is closely watched to gauge the overall condition of the Australian economy. |||The NAB Business Confidence Index is a lagging indicator of the Australian economy. The NAB also analyzes business confidence across the country's regions and industrial sectors. National Australia Bank is one of Australia's leading financial services organizations, with approximately 11 million customers and 39,000 employees.
The currency abbreviation for the Malaysian ringgit (MYR), the currency for Malaysia. The Malaysian ringgit is made up of 100 sen and is often presented with the symbol RM. The ringgit is often unofficially referred to as the Malaysian dollar. |||The Malaysian dollar replaced the Malaya and British Borneo dollar in June of 1967 at par. This new currency was officially referred to in "dollars" and "cents" until August of 1975, when the official name was changed to "ringgit" and "sen". In English use, the currency is still referred to in its previous form, and in the Malay language, the new form is often used. It is common for both forms to be used throughout the country.
In the currency market, this is the abbreviation for the Mexican peso. |||The currency market, also known as the foreign exchange market, or forex, is the largest financial market in the world, with a daily average volume of over US$1 trillion.
The currency abbreviation for the Mexican peso (MXN), the currency for Mexico. The Mexican peso is made up of 100 centavos and is often presented with the symbol $ or Mex$. The name peso comes from the Mexican word "pesos", which means "weights", and refers to gold or silver weights. |||Following a period of hyperinflation and currency devaluation in the 1980s that occurred after Mexico defaulted on it external debt as a result of the 1970s oil crisis, the government of Mexico created a new peso, or "nuevo peso", to replace the original peso in 1993. The new peso replaced the old peso at a rate of 1:1000.
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