Historic Mexican peso Seychellois Rupee

Mexican peso seychellois rupee history for March 2024. The highest quote for this month is 0.82974 (12/03/2024) and the lowest 0.83187 (10/03/2024). The difference between high and low is -0.26.

MXN SCR average rate for March 2024 is 0.78015, the change between 01/03/2024 and 31/03/2024 is -13.2 %.

01 March 20241 MXN = 0.7340 SCR
03 March 20241 MXN = 0.8241 SCR
04 March 20241 MXN = 0.7871 SCR
05 March 20241 MXN = 0.7372 SCR
06 March 20241 MXN = 0.7507 SCR
07 March 20241 MXN = 0.7511 SCR
08 March 20241 MXN = 0.7521 SCR
10 March 20241 MXN = 0.8314 SCR
11 March 20241 MXN = 0.8028 SCR
12 March 20241 MXN = 0.8309 SCR

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.