VUV (Vanuatu Vatu)

Dictionary Says

Definition of 'VUV (Vanuatu Vatu)'

The currency abbreviation for the Vanuatu vatu (VUV), the currency for Vanuatu. The Vanuatu vatu has no subunit, and is often presented with the symbol Vt. Vanuatan residents refer to a notional dollar that equals 100 vatu, which comes from the period of 1966 to 1973 when the New Hebrides franc (the currency at the time) was pegged to the Australian dollar (AUD) at a rate of 100 francs to 1 Australian dollar.
Investopedia Says

Investopedia explains 'VUV (Vanuatu Vatu)'

The vatu was first introduced to replace the New Hebrides franc at par after Vanuatu claimed its independence. After this replacement, the Australian dollar (on which the franc was valued) was no longer accepted as a currency in the nation.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Authorized Forex Dealer

    Any type of ...
  2. Base Currency

    The first ...
  3. Currency

    A generally ...
  4. Currency Pair

    The quotation ...
  5. Forex - FX

    The market in ...
  6. Forex Futures

    An ...
  7. Quote Currency

    The second ...
  8. ANG (Netherlands Antilles Guilder)

    The currency ...
  9. SIT

    In currencies, ...
  10. INR (Indian Rupee)

    The currency ...

Articles Of Interest

  1. Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.
  2. What's the relationship between a country's currency and the strength of its economy?

  3. A Primer On The Forex Market

    Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.
  4. 6 Factors That Influence Exchange Rates

    Find out how a currency's relative value reflects a country's economic health and impacts your investment returns.
  5. Dollarization Explained

    Find out how fledgling economies can find some stability in their currency and attract foreign investment.
  6. An Introduction To Complementary Currencies

    There are alternatives to national currencies. Discover complementary currencies and how they work.
  7. Forex Market Sentiment Indicators

    Sentiment Indicators are another tool that can alert traders to extreme conditions.
  8. The Seven-Day Extension Fade

    It's possible to pick a top or bottom with no indicator support. We'll show you how this strategy works.
  9. The Australian Dollar: What Every Forex Trader Needs To Know

    With its unique relationship to the Japanese yen, the AUD is an important currency for FX traders.
  10. Strategies For Part-Time Forex Traders

    We present some ways that you can still profit in forex, even with an inconsistent trading schedule.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center