fix exchange rate forever ? how can ? is this a kind of stable coins ?
because if this is not a kind of stable coins, the price will not have a fix exchange rate forever buddy
Hello,
Please take a look at the exchange rate documentation:
U.S. DOLLARS TO GOURDES - CONVERSION EXAMPLES AT RECENT EXCHANGE RATE$1.00 in U.S. dollars (USD) = 45 Gourdes (HTG)
$100.00 in U.S. dollars (USD) = 4,500 Gourdes (HTG)
$500.00 in U.S. dollars (USD) = 22,500 Gourdes (HTG)
$1,000.00 in U.S. dollars (USD) = 45,000 Gourdes (HTG)
$5,000.00 in U.S. dollars (USD) = 225,000 Gourdes (HTG)
$10,000.00 in U.S. dollars (USD) = 450,000 Gourdes (HTG)
GOURDES TO U.S. DOLLARS - CONVERSION EXAMPLES AT RECENT EXCHANGE RATE1 Gourde (HTG) = a small part of a U.S. dollar ($ 0.022, or about 2 U.S. cents)
100 Gourdes (HTG) = $2.22 in U.S. dollars (USD) or two U.S. dollars and thirty cents
1,000 Gourdes (HTG) = $22.21 in U.S. dollars (USD)
10,000 Gourdes (HTG) = $222.14 in U.S. dollars (USD)
100,000 Gourdes (HTG) = $2,221.40 in U.S. dollars (USD)
More notes about Gourdes:
- There are paper bills/banknotes for Gourdes in denominations:
1, 2, 5, 10, 25, 50, 100, 250, 500 and 1,000
- There is a 1-Gourde coin and a 5-Gourde coin.
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- Haitians use the term "Gourde" (not pluralized) for more than one Gourde, though we tend to use it
pluralized ("Gourdes") when there are more than one. Abbreviations: "Gde" or Gdes" or "gde" or "gdes"
- The spelling in Haitian Creole is goude (or goud ayisyen); it can be listed in French as gourde haïtienne.
- The "code" of their currency is HTG and the symbol is G.THE "HAITIAN DOLLAR": Haitians also refer to an unofficial value called Haitian dollars which are
expressed in dollars and decimal parts of a dollar just like U.S. amounts. There are 5 Haitian Gourdes
(HTG) in a Haitian dollar. (That is a fixed value.) Thus, a Haitian dollar figure must be multiplied by five
to get the amount in Gourdes. They use a dollar sign ($) for Haitian dollars similar to our dollar sign. Like
the Gourde, the Haitian dollar is worth much less than the U.S. dollar.
When the exchange rate is 45, the ratio is about 9:1 for the Haitian dollar against the U.S. dollar
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Fixed Values for Haitian dollars and Gourdes:
GOURDES TO HAITIAN DOLLARSDivide Gourde amounts by 5 to get that same amount in Haitian dollars.1 Gourde (HTG) = part of a Haitian dollar ($0.20, or 20 Haitian cents)
5 Gourdes (HTG) = $1.00 Haitian dollar
100 Gourdes (HTG) = $20.00 Haitian dollars
1,000 Gourdes (HTG) = $200.00 Haitian dollars
HAITIAN DOLLARS TO GOURDESMultiply Haitian dollar amounts by 5 to get that same amount in Gourdes.$1.00 in Haitian dollars = 5 Gourdes (HTG)
$100.00 in Haitian dollars = 500 Gourdes (HTG)
$1,000.00 in Haitian dollars = 5,000 Gourdes (HTG)
Notes on Haitian dollars: There are no paper bills/banknotes for the Haitian dollar unit. The dollar unit has cents that are called
"centimes" (in French) or santims (in Haitian Creole) and represent one-hundredth parts of a Haitian dollar:
5, 10, 20, 50 centimes (note: 5 centimes is also called a "Haitian penny")
- The 5-Gourde coin is equal to one Haitian dollar.The exchange rate can also be expressed as a percentage rate going from one currency's unit (such as
the U.S. dollar) to another type of currency from another country. Thus, both types of currency have
their own different exchange rates against the other type of currency.
Example percentage (%) values (when recent rate is 45:1):
The exchange rate is: 4,500% (or 45.00 in a ratio) for the U.S. dollar against the Gourde.
Conversely, the exchange rate is: 2.2% (or 0.022 in a ratio) for the Gourde against the U.S. dollar.
Thus, the exchange rate is: 900% (or 9.0 in a ratio) for the U.S. dollar against the Haitian dollar.
Conversely, the exchange rate is: 11% (or 0.11 in a ratio) for the Haitian dollar against U.S. dolla
