NIO (Nicaraguan Cordoba)

DEFINITION of 'NIO (Nicaraguan Cordoba)'

The currency abbreviation for the Nicaraguan córdoba (NIO), the currency for Nicaragua. The Nicaraguan córdoba is made up of 100 centavos (or cents) and is often presented with the symbol C$. The córdoba was named after Francisco Hernández de Córdoba, the founder of Nicaragua.

The current córdoba is also known as the "córdoba oro".

BREAKING DOWN 'NIO (Nicaraguan Cordoba)'

The Nicaraguan córdoba replaced the peso in March of 1912 at a rate of 12.5:1, making one córdoba equivalent to one U.S. dollar. After continued inflation lowered the value of the córdoba, a second córdoba replaced the first in 1988 at a rate of 1,000:1. The currency was revalued again in 1991, with the third córdoba replacing the second at a rate of 5 million:1.

RELATED TERMS
  1. NIO

    In currencies, this is the abbreviation for the Nicaraguan Cordoba. ...
  2. DOP

    The currency abbreviation for the Dominican Republic's only official ...
  3. MXN (Mexican Peso)

    The currency abbreviation for the Mexican peso (MXN), the currency ...
  4. MXN

    In the currency market, this is the abbreviation for the Mexican ...
  5. PHP (Philippine Peso)

    The currency abbreviation or currency symbol for the Philippine ...
  6. PHP

    In currencies, this is the abbreviation for the Philippine Peso.
Related Articles
  1. Trading

    Simulator How-To Guide: Ticker Symbol Look Up

    As you noticed while you were buying shares of Wal-Mart, all brokerages (simulated or not) require you to input the company's stock symbol to place any trade. In fact, all stock exchanges employ ...
  2. Trading

    Forex Tutorial: Reading a Forex Quote and Understanding the Jargon

    One of the biggest sources of confusion for those new to the currency market is the standard for quoting currencies. In this section, we'll go over currency quotations and how they work in currency ...
  3. Trading

    The Hazards Of Currency Movements

    Devaluation and revaluation are official changes in the value of a nation’s currency in relation to other currencies. The terms are generally used to refer to officially sanctioned changes in ...
  4. Retirement

    3 Safe Places to Retire in Latin America With Under $2,000 a Month

    Retired expats can enjoy a comfortable life in Latin America for $2,000/mo.
  5. Retirement

    The 7 Best Countries for Retiring in Latin America

    You’ll find plenty of Latin American countries on this year’s lists of top places to retire abroad. Here’s a look at a few.
  6. Retirement

    8 Countries Where $200K in Retirement Savings Will Last 30 Years

    Retiring on $200,000 may seem like a longshot, but there are several countries that are perfect for living out your later years on a smaller budget.
  7. Markets

    What Happens in a Currency Crisis?

    A currency crisis comes from a decline in the value of a country’s currency.
  8. Markets

    How Does a Currency Peg Work?

    When a government initiates a currency peg, it pegs its currency’s value to that of another country.
  9. Trading

    4 Of The Most Popular Traded Currencies

    Every day, trillions of dollars trade in the forex market. Here are a few of the most popular currencies, and some characteristics for each.
  10. Trading

    Drastic Currency Changes: What's The Cause?

    Currency fluctuations often defy logic. Learn the trends and factors that result in these movements.
RELATED FAQS
  1. Why is the U.S. dollar shown on the top of some currency pairs and on the bottom ...

    All currencies are traded in pairs. The first currency in the pair is called the base currency while the second is called ... Read Answer >>
  2. Why isn't the EUR/USD currency pair quoted as USD/EUR?

    In a currency pair, the first currency in the pair is called the base currency and the second is called the quote currency. ... Read Answer >>
  3. How are international exchange rates set?

    International currency exchange rates display how much one unit of a currency can be exchanged for another currency. Currency ... Read Answer >>
  4. Why is currency always quoted in pairs?

    When reading currency quotes, you have probably noticed that there is only a single quote for a pair of currencies. Currency ... Read Answer >>
  5. What is the value of one pip and why are they different between currency pairs?

    In forex markets, currency trading is done on some of the world's most powerful currencies. The major currencies traded are ... Read Answer >>
  6. Why do forex traders use a currency converter?

    All currencies are quoted in pairs - one country's currency against another country's currency. A currency converter is used ... Read Answer >>
Hot Definitions
  1. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  2. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  3. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  4. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  5. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  6. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
Trading Center