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

Mexican peso united states dollar history for February 2024. The highest quote for this month is 0.05871 (17/02/2024) and the lowest 0.058891 (20/02/2024). The difference between high and low is -0.31.

MXN USD average rate for February 2024 is 0.05852, the change between 01/02/2024 and 29/02/2024 is -0.76 %.

01 February 2024	1 MXN = 0.0581 USD
02 February 2024	1 MXN = 0.0586 USD
03 February 2024	1 MXN = 0.0585 USD
04 February 2024	1 MXN = 0.0584 USD
05 February 2024	1 MXN = 0.0583 USD
06 February 2024	1 MXN = 0.0584 USD
07 February 2024	1 MXN = 0.0587 USD
08 February 2024	1 MXN = 0.0587 USD
09 February 2024	1 MXN = 0.0584 USD
11 February 2024	1 MXN = 0.0585 USD
12 February 2024	1 MXN = 0.0586 USD
13 February 2024	1 MXN = 0.0586 USD
14 February 2024	1 MXN = 0.0581 USD
15 February 2024	1 MXN = 0.0586 USD
16 February 2024	1 MXN = 0.0587 USD
17 February 2024	1 MXN = 0.0587 USD
18 February 2024	1 MXN = 0.0587 USD
19 February 2024	1 MXN = 0.0587 USD
20 February 2024	1 MXN = 0.0587 USD
21 February 2024	1 MXN = 0.0586 USD
22 February 2024	1 MXN = 0.0587 USD
23 February 2024	1 MXN = 0.0585 USD
24 February 2024	1 MXN = 0.0585 USD
25 February 2024	1 MXN = 0.0585 USD
26 February 2024	1 MXN = 0.0584 USD
27 February 2024	1 MXN = 0.0585 USD
28 February 2024	1 MXN = 0.0586 USD
29 February 2024	1 MXN = 0.0585 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.