Right now we are on ecuator. More exactly, the point where they for the first time registered it scientificly. Later they also named the country Ecuador. Partly in honour of this event, partly because they couldn't agree of an other name.
And this monument, in the middel of the world -"mitad del mundo"- is the simbol, two or three hours drive from the capital Quito.They got a couple of other atractions there too, so it's worth a trip.