The lowdown on the Vanuatu Vatu
Economical Influences on the Vanuatu Vatu Exchange Rate
If you are considering converting AUD to VUV, it’s good to get a snapshot of how the economy may influence the Vanuatu vatu.
Vanuatu's economy is based largely around small-scale agriculture, which provides a living for about two thirds of the population.1
The rest of the economy is mainly fuelled by tourism, fishing and offshore financial services.1
The economy is hindered mostly by the nation's dependence on its small amount of commodity exports, the volatility of its natural environment, and its proximity to large markets.1
Historically, the Vanuatu vatu tends to fluctuate regularly with the changing world market.
Vanuatu Vatu Historical Exchange Rate
The VUV can be a volatile currency, fluctuating regularly against the NZD over the past 5 years.2
On 12 July 2014 the VUV was converting to 82.50039 per 1 NZD, but strengthened as the year progressed to reach 75.51417 per NZD by 2 November 2014.2
The positive trajectory of the VUV continued over the next year, with 1 New Zealand dollar converting to 69.38996 on 18 September 2015.2
Fluctuations were apparent over the next year and by 13 July 2016 that figure had dropped back to 80.20969 VUV per 1 NZD.2
On 3 May 2017 the vatu was converting at 76.29337 per 1 NZD; a year later on 8 April 2018 that figure had not changed much with 78.98714 vatu per 1 NZD.2
As of 18 January 2019 1 New Zealand dollar was buying around 76.84621 Vanuatu vatu.2
1. Central Intelligence Agency - https://www.cia.gov/library/publications/the-world-factbook/geos/nh.html
2. XE - https://www.xe.com/currencycharts/?from=NZD&to=VUV&view=5Y
*The information contained in this article has been compiled by Travelex from different different external sources. The figures provided are indicative only and are there to provide an idea of the amount of travel money you may need during your trip. Travelex does not ensure the accuracy and completeness of the information shown. Nothing in this article is to be considered financial advice. Travelex Limited does not accept any liability for any loss or damage derived from any reliance on the information in this article. Travelex NZ Limted arranges for and sells Online Foreign Currency via its Online Ordering Facility. You should consider the Online Foreign Currency Product Disclosure Statement and Terms and Conditions before deciding whether to acquire the product.