Investopedia

Continue to Site »

VUV (Vanuatu Vatu)

Filed Under » , , ,
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.

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. Dollarization Explained

    Find out how fledgling economies can find some stability in their currency and attract foreign investment.

  3. 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.

  4. A Primer On The Forex Market

    Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.

  5. If a country's currency is determined by the strength of its economy, why isn't the U.S. dollar worth more than the British pound?

    Generally speaking, when Country A's currency is worth more than that of Country B, it does not necessarily mean that Country A's economy is stronger than B's. For example, Japan's economy is ...

  6. The Yen Is Setting Up To Be An Attractive Long-Term Investment

    As Japan embarks on quantitative easing, the yen has come under pressure. Will it continue to be the source of big profits in the latter half of 2013?

  7. Forex Market Sentiment Indicators

    Sentiment Indicators are another tool that can alert traders to extreme conditions.

  8. 3 Costly Spelling Errors

    History has proved that some spelling errors can cost companies and governments millions of dollars.

  9. The Most Counterfeit-Proof Currencies

    The IACA awards provide some of the best insight into the currencies that are proving the most difficult to fake.

  10. The Basics Of Currency Trading

    Trading in the currency market isn't easy. We tell you what you need to know before starting.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  2. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  3. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  4. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  5. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.

  6. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.
Trading Center