====== How to convert Minutos ======

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 convert Minutos into the legal tender. For example, a business needs to declare the value of Minutos in the official currency for tax reasons. Or you as a seller would like to give back the [[en:exchange|change]] in the legal tender. Here is where you need to know the appropriate conversion rate.\\


===== Recommended conversion rates =====

An approximative rule to determine the recommended conversion 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/

===== Questions? =====

See our [[en:faq|frequently asked questions]] or post a [[en:discussion|comment]].