Mexican peso

The Mexican peso is the currency of Mexico (MX)
1 MXN = 0.090 AUD
1 AUD = 11.105 MXN
1 MXN = 50.407 ARS
1 ARS = 0.020 MXN
1 MXN = 169.813 BIF
1 BIF = 0.006 MXN
1 MXN = 0.022 BHD
1 BHD = 44.665 MXN
1 MXN = 0.410 BOB
1 BOB = 2.437 MXN
1 MXN = 0.101 AZN
1 AZN = 9.903 MXN
1 MXN = 4.916 BTN
1 BTN = 0.203 MXN
1 MXN = 30.378 CRC
1 CRC = 0.033 MXN
1 MXN = 1.377 CZK
1 CZK = 0.726 MXN
1 MXN = 0.426 CNY
1 CNY = 2.345 MXN
1 MXN = 0.406 DKK
1 DKK = 2.463 MXN
1 MXN = 3.372 ETB
1 ETB = 0.297 MXN
1 MXN = 510.432 GNF
1 GNF = 0.002 MXN
1 MXN = 0.410 HRK
1 HRK = 2.438 MXN
1 MXN = 923.142 IDR
1 IDR = 0.001 MXN
1 MXN = 9.218 JMD
1 JMD = 0.108 MXN
1 MXN = 5.312 KGS
1 KGS = 0.188 MXN
1 MXN = 0.106 BAM
1 BAM = 9.413 MXN
1 MXN = 0.107 ANG
1 ANG = 9.343 MXN
1 MXN = 0.806 BWP
1 BWP = 1.241 MXN
1 MXN = 0.079 BND
1 BND = 12.653 MXN
1 MXN = 164.796 CDF
1 CDF = 0.006 MXN
1 MXN = 0.120 BZD
1 BZD = 8.354 MXN
1 MXN = 1939.376 BYR
1 BYR = 0.001 MXN
1 MXN = 0.106 BGN
1 BGN = 9.410 MXN
1 MXN = 0.080 CAD
1 CAD = 12.463 MXN
1 MXN = 7.986 DZD
1 DZD = 0.125 MXN
1 MXN = 0.891 ERN
1 ERN = 1.122 MXN
1 MXN = 2.899 EGP
1 EGP = 0.345 MXN
1 MXN = 0.133 FJD
1 FJD = 7.540 MXN
1 MXN = 0.047 GBP
1 GBP = 21.484 MXN
1 MXN = 0.047 FKP
1 FKP = 21.484 MXN
1 MXN = 0.464 GTQ
1 GTQ = 2.156 MXN
1 MXN = 0.465 HKD
1 HKD = 2.152 MXN
1 MXN = 21.696 HUF
1 HUF = 0.046 MXN
1 MXN = 77.794 IQD
1 IQD = 0.013 MXN
1 MXN = 2497.030 IRR
1 IRR = 0.000 MXN
1 MXN = 26.763 KMF
1 KMF = 0.037 MXN
1 MXN = 77.975 KRW
1 KRW = 0.013 MXN
1 MXN = 5.646 ALL
1 ALL = 0.177 MXN
1 MXN = 6.517 BDT
1 BDT = 0.153 MXN
1 MXN = 0.107 AWG
1 AWG = 9.353 MXN
1 MXN = 0.296 BRL
1 BRL = 3.379 MXN
1 MXN = 0.000 BCH
1 BCH = 7200.599 MXN
1 MXN = 0.000 BTC
1 BTC = 1202500.000 MXN
1 MXN = 0.218 AED
1 AED = 4.584 MXN
1 MXN = 49.544 AOA
1 AOA = 0.020 MXN
1 MXN = 0.059 BSD
1 BSD = 16.835 MXN
1 MXN = 57.241 CLP
1 CLP = 0.017 MXN
1 MXN = 0.194 BYN
1 BYN = 5.146 MXN
1 MXN = 232.412 COP
1 COP = 0.004 MXN
1 MXN = 1.530 CUP
1 CUP = 0.654 MXN
1 MXN = 0.000 ETH
1 ETH = 67610.442 MXN
1 MXN = 0.054 EUR
1 EUR = 18.369 MXN
1 MXN = 1.467 HNL
1 HNL = 0.682 MXN
1 MXN = 4.038 GMD
1 GMD = 0.248 MXN
1 MXN = 0.047 GIP
1 GIP = 21.484 MXN
1 MXN = 7.873 HTG
1 HTG = 0.127 MXN
1 MXN = 0.042 JOD
1 JOD = 23.748 MXN
1 MXN = 8.779 JPY
1 JPY = 0.114 MXN
1 MXN = 4.213 AFN
1 AFN = 0.237 MXN
1 MXN = 0.119 BBD
1 BBD = 8.418 MXN
1 MXN = 0.059 BMD
1 BMD = 16.835 MXN
1 MXN = 23.920 AMD
1 AMD = 0.042 MXN
1 MXN = 0.052 CHF
1 CHF = 19.155 MXN
1 MXN = 10.575 DJF
1 DJF = 0.095 MXN
1 MXN = 3.510 DOP
1 DOP = 0.285 MXN
1 MXN = 5.989 CVE
1 CVE = 0.167 MXN
1 MXN = 0.158 GEL
1 GEL = 6.341 MXN
1 MXN = 0.761 GHS
1 GHS = 1.313 MXN
1 MXN = 12.437 GYD
1 GYD = 0.080 MXN
1 MXN = 0.217 ILS
1 ILS = 4.601 MXN
1 MXN = 4.917 INR
1 INR = 0.203 MXN
1 MXN = 8.096 ISK
1 ISK = 0.124 MXN
1 MXN = 240.502 KHR
1 KHR = 0.004 MXN
1 MXN = 8.257 KES
1 KES = 0.121 MXN
1 MXN = 0.018 KWD
1 KWD = 54.803 MXN
1 MXN = 26.650 KZT
1 KZT = 0.038 MXN
1 MXN = 18.242 LKR
1 LKR = 0.055 MXN
1 MXN = 0.596 MAD
1 MAD = 1.678 MXN
1 MXN = 124.711 MMK
1 MMK = 0.008 MXN
1 MXN = 204.930 MNT
1 MNT = 0.005 MXN
1 MXN = 2.720 MUR
1 MUR = 0.368 MXN
1 MXN = 23.613 MRO
1 MRO = 0.042 MXN
1 MXN = 0.915 MVR
1 MVR = 1.093 MXN
1 MXN = 99.963 MWK
1 MWK = 0.010 MXN
1 MXN = 0.097 NZD
1 NZD = 10.347 MXN
1 MXN = 7.865 NPR
1 NPR = 0.127 MXN
1 MXN = 3.291 PHP
1 PHP = 0.304 MXN
1 MXN = 16.577 PKR
1 PKR = 0.060 MXN
1 MXN = 76.219 RWF
1 RWF = 0.013 MXN
1 MXN = 0.001 LTC
1 LTC = 1634.149 MXN
1 MXN = 1.000 MXN
1 MXN = 1.000 MXN
1 MXN = 2.186 NIO
1 NIO = 0.458 MXN
1 MXN = 0.270 RON
1 RON = 3.698 MXN
1 MXN = 53.460 KPW
1 KPW = 0.019 MXN
1 MXN = 0.049 KYD
1 KYD = 20.206 MXN
1 MXN = 5317.903 LBP
1 LBP = 0.000 MXN
1 MXN = 0.285 LYD
1 LYD = 3.504 MXN
1 MXN = 1239.358 LAK
1 LAK = 0.001 MXN
1 MXN = 267.281 MGA
1 MGA = 0.004 MXN
1 MXN = 11.381 LRD
1 LRD = 0.088 MXN
1 MXN = 3.354 MKD
1 MKD = 0.298 MXN
1 MXN = 1.103 LSL
1 LSL = 0.907 MXN
1 MXN = 0.479 MOP
1 MOP = 2.090 MXN
1 MXN = 1.042 MDL
1 MDL = 0.959 MXN
1 MXN = 1.103 NAD
1 NAD = 0.907 MXN
1 MXN = 0.278 MYR
1 MYR = 3.599 MXN
1 MXN = 0.023 OMR
1 OMR = 43.731 MXN
1 MXN = 93.566 NGN
1 NGN = 0.011 MXN
1 MXN = 0.227 PGK
1 PGK = 4.409 MXN
1 MXN = 0.059 PAB
1 PAB = 16.835 MXN
1 MXN = 0.219 PEN
1 PEN = 4.563 MXN
1 MXN = 0.625 NOK
1 NOK = 1.601 MXN
1 MXN = 0.233 PLN
1 PLN = 4.283 MXN
1 MXN = 432.936 PYG
1 PYG = 0.002 MXN
1 MXN = 0.217 QAR
1 QAR = 4.617 MXN
1 MXN = 0.501 SBD
1 SBD = 1.996 MXN
1 MXN = 0.223 SAR
1 SAR = 4.489 MXN
1 MXN = 0.079 SGD
1 SGD = 12.630 MXN
1 MXN = 1245.590 SLL
1 SLL = 0.001 MXN
1 MXN = 2.123 THB
1 THB = 0.471 MXN
1 MXN = 1.869 TWD
1 TWD = 0.535 MXN
1 MXN = 2.287 UAH
1 UAH = 0.437 MXN
1 MXN = 232.081 UGX
1 UGX = 0.004 MXN
1 MXN = 2.101 SRD
1 SRD = 0.476 MXN
1 MXN = 1323.540 STD
1 STD = 0.001 MXN
1 MXN = 1.904 TRY
1 TRY = 0.525 MXN
1 MXN = 0.403 TTD
1 TTD = 2.478 MXN
1 MXN = 0.140 TOP
1 TOP = 7.130 MXN
1 MXN = 744.324 UZS
1 UZS = 0.001 MXN
1 MXN = 14.868 YER
1 YER = 0.067 MXN
1 MXN = 1.112 ZAR
1 ZAR = 0.899 MXN
1 MXN = 6.381 RSD
1 RSD = 0.157 MXN
1 MXN = 5.425 RUB
1 RUB = 0.184 MXN
1 MXN = 33.941 SOS
1 SOS = 0.029 MXN
1 MXN = 0.520 SVC
1 SVC = 1.924 MXN
1 MXN = 149.244 SYP
1 SYP = 0.007 MXN
1 MXN = 1.103 SZL
1 SZL = 0.907 MXN
1 MXN = 0.184 TND
1 TND = 5.437 MXN
1 MXN = 2.306 UYU
1 UYU = 0.434 MXN
1 MXN = 1464.318 VND
1 VND = 0.001 MXN
1 MXN = 7.052 VUV
1 VUV = 0.142 MXN
1 MXN = 0.166 WST
1 WST = 6.013 MXN
1 MXN = 35.710 XAF
1 XAF = 0.028 MXN
1 MXN = 0.161 XCD
1 XCD = 6.229 MXN
1 MXN = 0.798 SCR
1 SCR = 1.253 MXN
1 MXN = 0.609 SEK
1 SEK = 1.642 MXN
1 MXN = 0.047 SHP
1 SHP = 21.484 MXN
1 MXN = 151.433 TZS
1 TZS = 0.007 MXN
1 MXN = 0.059 USD
1 USD = 16.835 MXN
1 MXN = 6.497 XPF
1 XPF = 0.154 MXN
1 MXN = 35.710 XOF
1 XOF = 0.028 MXN

Evolution of the MXN Exchange Rate

The Mexican peso (MXN) exchange rate has experienced various fluctuations over time. In the early 2000s, the peso was characterized by a period of stability and gradual appreciation against major currencies. However, it faced a significant depreciation during the global financial crisis in 2008, reaching historic lows against the US dollar. Since then, the peso has displayed a volatile trajectory, influenced by factors such as commodity prices, monetary policy decisions, and political developments in Mexico and globally.

Variations in the MXN Exchange Rate

The MXN exchange rate has been subject to both short-term fluctuations and long-term trends. These variations can be attributed to factors like the country's economic performance, geopolitical events, changes in global risk sentiment, and investor confidence. Additionally, the peso is sensitive to external shocks, such as fluctuations in oil prices, as Mexico is one of the largest oil producers in the world.

Significance of MXN in the Global Economy

The Mexican peso holds importance in the global economy as it is one of the most actively traded currencies in emerging markets. Mexico has a large and diversified economy, with strong trade links to major economies like the United States. The peso's exchange rate impacts industries such as manufacturing, tourism, and exports, and can influence investor sentiment towards emerging market assets.

Shocks Experienced by MXN and Correlation with Other Currencies

The Mexican peso is often sensitive to various economic and political shocks. For instance, changes in US monetary policy and trade policy can significantly impact the MXN exchange rate, given the close economic ties between the two countries. Additionally, shocks related to oil prices, global economic downturns, and political instability in Mexico can also have a profound effect on the peso.

In terms of currency correlation, the MXN exchange rate exhibits a positive correlation with other emerging market currencies, as they are often influenced by similar external factors. It can also display a negative correlation with safe-haven currencies like the US dollar and the Japanese yen, as investors tend to flock to these currencies during periods of global uncertainty.