Mexican peso united states dollar exchange rate history (MXN USD) October 2023

Mexican peso united states dollar history for October 2023. The highest quote for this month is 0.05736 (01/10/2023) and the lowest 0.05763 (01/10/2023). The difference between high and low is -0.47.

MXN USD average rate for October 2023 is 0.05529, the change between 01/10/2023 and 31/10/2023 is +3.54 %.

01 October 2023	1 MXN = 0.0574 USD
03 October 2023	1 MXN = 0.0566 USD
04 October 2023	1 MXN = 0.0555 USD
06 October 2023	1 MXN = 0.0547 USD
07 October 2023	1 MXN = 0.0551 USD
09 October 2023	1 MXN = 0.0549 USD
10 October 2023	1 MXN = 0.0549 USD
11 October 2023	1 MXN = 0.0558 USD
13 October 2023	1 MXN = 0.0556 USD
16 October 2023	1 MXN = 0.0554 USD
17 October 2023	1 MXN = 0.0558 USD
18 October 2023	1 MXN = 0.0556 USD
19 October 2023	1 MXN = 0.0548 USD
20 October 2023	1 MXN = 0.0546 USD
21 October 2023	1 MXN = 0.0549 USD
22 October 2023	1 MXN = 0.0549 USD
23 October 2023	1 MXN = 0.0549 USD
24 October 2023	1 MXN = 0.0552 USD
25 October 2023	1 MXN = 0.0548 USD
26 October 2023	1 MXN = 0.0546 USD
27 October 2023	1 MXN = 0.0551 USD
28 October 2023	1 MXN = 0.0552 USD
29 October 2023	1 MXN = 0.0552 USD
30 October 2023	1 MXN = 0.0552 USD
31 October 2023	1 MXN = 0.0554 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.