The lowdown on the Mauritian rupee
Economical Influences on the Mauritian Rupee
If you are considering converting AUD to MUR, it’s good to get a snapshot of how the economy may influence the Mauritian rupee.
Since achieving independence in 1968, Mauritius has managed to transform from a small agricultural-based economy to a diversified upper middle-income economy.1
With growing industrial, financial and tourism sectors, Mauritius has achieved steady growth over the past decades resulting in increased longevity, more streamlined income distribution and improved infrastructure.1
Mauritius relies heavily on its exports for economic growth; however appreciation of the Mauritian rupee often negatively affects the export industry due to competition with cheaper markets.2
Mauritian Rupee Historical Exchange Rate
Due to Mauritius’ steadily- growing economy, fluctuation of the rupee has been minimal during the past five years.1
In September 2014 1 Australian dollar would have bought you around 29.68086 MUR; by December that same year, this had dropped to approximately 25.51804 MUR.3
The MUR remained stable over the following year trading at 24.47342 per Australian dollar in September 2015 and 24.72876 in January 2016.3)
Small fluctuations meant that by March 2017 1 AUD would buy you just over 27 MUR.3
Following this generally positive trajectory, in September 2018 the AUD was trading at around 24.48348 MUR and as of 1 October 2018 the AUD is trading at 25.09853 MUR.3
Learn more about the Mauritian rupee before you travel to the Mauritius and create a currency rate alert and we’ll let you know when the rupee hits your ideal rate!
Exchange rates last updated Thursday, 13 August 2020 9:51:15 AM AEST. The online exchange rates provided by this Currency Converter are intended as a guide only and should not be used for transactional purposes. All rates are subject to change from time to time without notice. Exchange rates used in-store may differ from those offered online. The Travelex online buy rate will be used for conversions from a foreign currency to the local currency. The Travelex online sell rate will be used for conversions from the local currency to a foreign currency.
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: Last month
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 3 months
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 6 months
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 12 months
How to see Travelex historical rates
If you would like to see Travelex historical rates, please select one of the currencies
1. Central Intelligence Agency - https://www.cia.gov/library/publications/the-world-factbook/geos/mp.html
2. Defimedia - https://defimedia.info/stronger-rupee-affects-exports
3. XE - https://www.xe.com/currencycharts/?from=AUD&to=MUR&view=5Y
*The information contained in this article has been compiled by Travelex from 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 Limited (ABN 36 004 179 953, AFSL Number 222444) 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.