Historic Mexican peso Icelandic Krona

Mexican peso icelandic krona history for August 2023. The highest quote for this month is 7.876 (25/08/2023) and the lowest 7.8646 (28/08/2023). The difference between high and low is 0.14.

MXN ISK average rate for August 2023 is 7.74908, the change between 01/08/2023 and 31/08/2023 is +0.74 %.

01 August 20231 MXN = 7.82 ISK
02 August 20231 MXN = 7.75 ISK
03 August 20231 MXN = 7.76 ISK
04 August 20231 MXN = 7.61 ISK
07 August 20231 MXN = 7.70 ISK
08 August 20231 MXN = 7.71 ISK
09 August 20231 MXN = 7.69 ISK
10 August 20231 MXN = 7.69 ISK
11 August 20231 MXN = 7.69 ISK
14 August 20231 MXN = 7.76 ISK
15 August 20231 MXN = 7.73 ISK
16 August 20231 MXN = 7.70 ISK
17 August 20231 MXN = 7.71 ISK
18 August 20231 MXN = 7.71 ISK
21 August 20231 MXN = 7.74 ISK
22 August 20231 MXN = 7.73 ISK
23 August 20231 MXN = 7.81 ISK
24 August 20231 MXN = 7.83 ISK
25 August 20231 MXN = 7.86 ISK
28 August 20231 MXN = 7.87 ISK
29 August 20231 MXN = 7.81 ISK
30 August 20231 MXN = 7.77 ISK
31 August 20231 MXN = 7.76 ISK

15/11/2018: New Currency Notes Introduced

Iceland released updated banknotes and coins featuring improved security measures and new designs, modernizing the Krona's physical appearance.

15/03/2015: Capital Controls Lifted

Iceland lifted its capital controls, implemented after the financial crisis, allowing for more flexible foreign exchange transactions.

20/06/2012: Mexican Peso Becomes the Most Traded Emerging Market Currency

The Mexican peso surpassed the Brazilian real to become the most traded currency among emerging markets, reflecting Mexico's growing economic importance.

14/11/2010: IMF Loan Approved

Iceland secured a $2.1 billion loan from the International Monetary Fund, stabilizing the Krona and aiding economic recovery.

06/10/2008: Financial Crisis Begins

The collapse of Icelandic banks and subsequent financial crisis severely devalued the Krona, leading to economic turmoil.

01/01/2003: Introduction of the New Peso Symbol

The Mexican peso adopted a new symbol, replacing the old symbol (₱) with a capital 'P' with double horizontal lines (MXN) to symbolize the currency.

20/12/1994: Tequila Crisis

Mexico experienced a severe economic crisis and an abrupt devaluation of the peso as a result of the devaluation of the Thai baht, causing investors to flee emerging markets.

01/01/1993: Implementation of the North American Free Trade Agreement (NAFTA)

NAFTA came into effect, promoting trade and investment between Mexico, the United States, and Canada, leading to increased stability and growth in the Mexican economy.

06/07/1988: Introduction of the New Peso

Due to hyperinflation and currency devaluation, Mexico introduced a new currency, called the New Peso, where 1000 old pesos were replaced by 1 new peso.

12/08/1982: Mexican Debt Crisis

Mexico defaulted on its external debt, leading to a sharp devaluation of the peso and a severe economic crisis, requiring an emergency loan from the International Monetary Fund (IMF).

05/03/1981: Stock Exchange Established

The Icelandic Stock Exchange was founded, promoting economic growth and affecting the Krona's value.

13/08/1970: Devaluation of the Peso

In response to global inflation, the Mexican government devalued the peso by 20% against the US dollar, leading to economic instability and a decline in purchasing power.

10/05/1940: Occupation of Iceland

Following the German occupation of Denmark, Iceland became occupied by British forces, impacting the currency's stability.

01/01/1922: Currency Board Established

The Icelandic Krona was introduced under the Danish Krone pegged to 1 Krone = 100 aurar.