Historic Mexican peso Falkland Islands pound

Mexican peso falkland islands pound history for July 2023. The highest quote for this month is 0.046181 (04/07/2023) and the lowest 0.046361 (25/07/2023). The difference between high and low is -0.39.

MXN FKP average rate for July 2023 is 0.04619, the change between 01/07/2023 and 31/07/2023 is -0.32 %.

04 July 20231 MXN = 0.0461 FKP
25 July 20231 MXN = 0.0463 FKP

18/07/2016: New Polymer Banknotes Issued

The Falkland Islands government introduces new polymer banknotes to replace the older paper versions, enhancing the durability and security of their currency.

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.

14/06/1983: Pegging to the Pound Sterling

The Falkland Islands pound (FKP) is officially pegged to the British pound sterling (GBP) at a 1:1 ratio, ensuring a stable exchange rate.

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).

14/05/1971: New Decimalized Currency Introduced

The Falkland Islands pound (FKP) is decimalized, with the introduction of a new currency system based on the decimal system.

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.

28/04/1899: Currency Board Established

The Falkland Islands Currency Board is established, introducing the first Falkland Islands pound (FKP) as the official currency.

02/01/1833: Argentina Removed from Islands

British forces remove Argentine authorities from the Falkland Islands, solidifying British control over the territory.

03/01/1829: First British Colony Declared

British Captain Onslow declares the Falkland Islands a British colony, leading to the establishment of a formal British presence in the region.

02/01/1764: First British Settlement

British Captain Byron claims the Falkland Islands for Britain, establishing the first permanent British settlement in the region.