Mexican peso united states dollar exchange rate history (MXN USD) January 2024

Mexican peso united states dollar history for January 2024. The highest quote for this month is 0.059258 (14/01/2024) and the lowest 0.059619 (08/01/2024). The difference between high and low is -0.61.

MXN USD average rate for January 2024 is 0.05866, the change between 01/01/2024 and 31/01/2024 is +1.1 %.

01 January 2024	1 MXN = 0.0590 USD
02 January 2024	1 MXN = 0.0590 USD
03 January 2024	1 MXN = 0.0588 USD
04 January 2024	1 MXN = 0.0588 USD
05 January 2024	1 MXN = 0.0588 USD
06 January 2024	1 MXN = 0.0593 USD
07 January 2024	1 MXN = 0.0593 USD
08 January 2024	1 MXN = 0.0592 USD
09 January 2024	1 MXN = 0.0594 USD
10 January 2024	1 MXN = 0.0589 USD
11 January 2024	1 MXN = 0.0589 USD
12 January 2024	1 MXN = 0.0592 USD
14 January 2024	1 MXN = 0.0593 USD
15 January 2024	1 MXN = 0.0593 USD
16 January 2024	1 MXN = 0.0592 USD
17 January 2024	1 MXN = 0.0581 USD
18 January 2024	1 MXN = 0.0582 USD
19 January 2024	1 MXN = 0.0582 USD
21 January 2024	1 MXN = 0.0583 USD
22 January 2024	1 MXN = 0.0585 USD
23 January 2024	1 MXN = 0.0582 USD
24 January 2024	1 MXN = 0.0578 USD
25 January 2024	1 MXN = 0.0580 USD
26 January 2024	1 MXN = 0.0582 USD
27 January 2024	1 MXN = 0.0584 USD
28 January 2024	1 MXN = 0.0583 USD
29 January 2024	1 MXN = 0.0582 USD
30 January 2024	1 MXN = 0.0581 USD
31 January 2024	1 MXN = 0.0583 USD

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.

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).

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.