Mexican peso lebanese pound exchange rate history (MXN LBP) December 2023

Mexican peso lebanese pound history for December 2023. The highest quote for this month is 886.05 (28/12/2023) and the lowest 888.27 (29/12/2023). The difference between high and low is -0.25.

MXN LBP average rate for December 2023 is 873.63821, the change between 01/12/2023 and 31/12/2023 is -3.01 %.

01 December 2023	1 MXN = 862.9 LBP
02 December 2023	1 MXN = 873.7 LBP
03 December 2023	1 MXN = 873.7 LBP
04 December 2023	1 MXN = 872.9 LBP
05 December 2023	1 MXN = 863.2 LBP
06 December 2023	1 MXN = 864.1 LBP
07 December 2023	1 MXN = 868.5 LBP
08 December 2023	1 MXN = 855.9 LBP
10 December 2023	1 MXN = 865.6 LBP
11 December 2023	1 MXN = 865.7 LBP
12 December 2023	1 MXN = 863.6 LBP
13 December 2023	1 MXN = 866.5 LBP
14 December 2023	1 MXN = 869.2 LBP
15 December 2023	1 MXN = 872.5 LBP
16 December 2023	1 MXN = 872.1 LBP
17 December 2023	1 MXN = 870.2 LBP
18 December 2023	1 MXN = 875.4 LBP
19 December 2023	1 MXN = 873.5 LBP
20 December 2023	1 MXN = 879.6 LBP
21 December 2023	1 MXN = 877.0 LBP
22 December 2023	1 MXN = 880.7 LBP
23 December 2023	1 MXN = 884.1 LBP
24 December 2023	1 MXN = 882.7 LBP
25 December 2023	1 MXN = 884.1 LBP
26 December 2023	1 MXN = 884.8 LBP
27 December 2023	1 MXN = 884.0 LBP
28 December 2023	1 MXN = 886.9 LBP
29 December 2023	1 MXN = 888.9 LBP

17/10/2019: Protests against economic crisis

Mass protests erupted in Lebanon due to economic crisis, leading to further depreciation of the Lebanese pound.

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.

03/11/1997: Revaluation of the Lebanese pound

The Lebanese pound was revalued at a rate of 1,500 LBP = 1 USD, ending the fixed exchange rate with the US dollar.

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.

01/01/1986: Introduction of the parallel exchange market

The parallel exchange market was introduced in Lebanon, leading to a diverging exchange rate between the official and unofficial markets.

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).

01/01/1976: Lebanese Civil War

The Lebanese Civil War began, causing significant economic instability and devaluation of the Lebanese pound.

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.

01/01/1961: Pegged to the US dollar

The Lebanese pound was pegged to the US dollar at an exchange rate of 1 LBP = 1.5 USD.

27/11/1941: Devaluation of the Lebanese pound

The Lebanese pound was devalued by 41.9% following the breakup of the French franc.

01/10/1920: Lebanese pound introduced

The Lebanese pound was introduced at a fixed exchange rate of 1 pound = 20 French francs during the French mandate period.

Historic Mexican peso Lebanese pound