PYGParaguayan GuaraníParaguayan Guaraní (PYG)
The Paraguayan guarani is Paraguay's national currency and a distinctive South American unit commonly displayed in large whole-number amounts.
- ISO code
- PYG
- Symbol
- ₲
- Region
- Americas
- Currency type
- Fiat currency
- Exchange system
- Market-based exchange-rate framework
- Last reviewed
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Quick facts
PYG at a glance
Currency profile
How PYG works
The Paraguayan guarani is Paraguay's national currency and a distinctive South American unit commonly displayed in large whole-number amounts.
The Central Bank of Paraguay issues guarani banknotes and coins and manages the national monetary and foreign-exchange framework.
- PYG has a formal centimo subdivision, but ordinary prices and cash transactions are expressed in whole guaranies.
- The guarani replaced the Paraguayan peso during the 1943-1944 monetary reform.
Context
Why this currency matters
PYG is one of South America's longest-running current currency units without a modern redenomination. Its large whole-number display reflects the monetary scale, while Paraguay's agricultural exports, hydroelectric trade and land-linked logistics give the guarani a distinct regional role.
Monetary framework
Exchange arrangement
Market-based exchange-rate framework
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for PYG
Guarani monetary law adopted
Paraguay created the guarani as the replacement for the national peso system.
Central Bank of Paraguay - historyGuarani entered circulation
The new currency began circulating as Paraguay's national monetary unit.
Central Bank of Paraguay - historyCentral Bank of Paraguay established
The central bank assumed the modern monetary and currency-issue mandate.
Central Bank of Paraguay - history
Usage and economy
How PYG is used
- Prices, wages, taxes and settlement throughout Paraguay.
- Mercosur and inland South American comparisons involving BRL, ARS, UYU and BOB.
Banknotes and coins
PYG currency units
The Central Bank of Paraguay publishes current guarani banknotes and security features.
The Central Bank of Paraguay documents guarani circulation coins.
One Paraguayan Guaraní unit is recorded with 0 decimal places and uses Céntimo as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
PYG questions
What currency did the guarani replace?
PYG replaced the Paraguayan peso under the monetary reform adopted in 1943 and implemented in circulation in 1944.
Why are PYG prices shown as large whole numbers?
Routine guarani amounts use the whole-unit scale; centimos are not normally used in everyday cash prices.
Why is PYG important in regional trade?
Paraguay's agriculture, hydroelectric power and trade with Brazil and Argentina make PYG relevant within Mercosur.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.