Basics
Practice
Downloads
Contribute
Basics
Practice
Downloads
Contribute
This is an old revision of the document!
The value of Minuto vouchers is based on qualitative human working time. Therefore they are stable in value during the validity period.
There are some situations where you need to exchange Minutos into the official currency. For example, a business needs to declare the value of Minutos in the official currency for tax reasons. Or a seller wants to give you back the change in the official currency. Here is where you need to get the appropriate exchange rate.
An approximative rule to determine the recommended exchange rate is local price of a craftsman hour which can vary depending on the region, country and time (for example due to inflation of the offical currency). Here are some examples:
Country | 60 Minuto | per |
---|---|---|
Austria | EUR 35 | 2020 |
Belgium | EUR 40 | 2020 |
Denmark | EUR 45 | 2020 |
Finland | EUR 35 | 2020 |
France | EUR 40 | 2020 |
Germany | EUR 30 | 2021 |
Iceland | ISK 5350 | 2020 |
Ireland | EUR 30 | 2020 |
Italy | EUR 30 | 2020 |
Luxembourg | EUR 40 | 2020 |
Netherlands | EUR 35 | 2020 |
Norway | NOK 370 | 2020 |
Slovenia | EUR 20 | 2020 |
Spain | EUR 20 | 2020 |
Sweden | SEK 400 | 2020 |
Switzerland | CHF 55 | 2020 |
United Kingdom | GBP 25 | 2020 |
Source: https://www.statista.com/statistics/1211601/hourly-labor-cost-in-europe/