Uruguay The Uruguayan Peso (UYU) is the official currency of Uruguay, issued by the Central Bank of Uruguay. It was first introduced in 1896, but the modern version of the peso dates back to 1993, following economic reforms. The peso is subdivided into 100 centésimos, though inflation has rendered smaller denominations almost obsolete. Uruguay has a stable economy, making the peso one of the more reliable South American currencies. Banknotes are available in denominations from $20 to $2,000, while coins range from $1 to $10. The USD is also widely used in real estate and large transactions due to historical periods of inflation.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.
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