Historic Mexican peso Yemeni Rial

Mexican peso yemeni rial history for December 2023. The highest quote for this month is 14.749 (28/12/2023) and the lowest 14.822 (28/12/2023). The difference between high and low is -0.49.

MXN YER average rate for December 2023 is 14.53786, the change between 01/12/2023 and 31/12/2023 is -2.49 %.

01 December 20231 MXN = 14.37 YER
02 December 20231 MXN = 14.56 YER
03 December 20231 MXN = 14.56 YER
04 December 20231 MXN = 14.53 YER
05 December 20231 MXN = 14.31 YER
06 December 20231 MXN = 14.39 YER
07 December 20231 MXN = 14.45 YER
08 December 20231 MXN = 14.30 YER
10 December 20231 MXN = 14.43 YER
11 December 20231 MXN = 14.40 YER
12 December 20231 MXN = 14.38 YER
13 December 20231 MXN = 14.44 YER
14 December 20231 MXN = 14.47 YER
15 December 20231 MXN = 14.53 YER
16 December 20231 MXN = 14.53 YER
17 December 20231 MXN = 14.50 YER
18 December 20231 MXN = 14.51 YER
19 December 20231 MXN = 14.56 YER
20 December 20231 MXN = 14.65 YER
21 December 20231 MXN = 14.58 YER
22 December 20231 MXN = 14.67 YER
23 December 20231 MXN = 14.73 YER
24 December 20231 MXN = 14.71 YER
25 December 20231 MXN = 14.65 YER
26 December 20231 MXN = 14.65 YER
27 December 20231 MXN = 14.71 YER
28 December 20231 MXN = 14.76 YER
29 December 20231 MXN = 14.73 YER

11/02/2020: Currency Devaluation

The Yemeni Rial witnessed another devaluation as the Central Bank of Yemen devalued the currency by 25% to ease foreign currency shortages and stabilize the economy.

13/10/2016: Central Bank Relocation

The internationally recognized government of Yemen relocated the Central Bank from Sana'a to Aden, causing further fragmentation in the value and availability of the Yemeni Rial.

16/09/2015: Houthi Takeover and Currency Instability

Following the Houthi rebel's takeover of the capital Sana'a, the Yemeni Rial faced further instability, resulting in hyperinflation and a depreciation of its value.

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.

27/09/2009: Government Decision

The Yemeni government announced a 9.3% devaluation of the rial as a measure to cope with the economic crisis and declining oil revenues.

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.

04/05/1994: Civil War and Currency Devaluation

During the Yemeni Civil War, the Yemeni Rial experienced a significant devaluation, with the exchange rate reaching around 200 rials for 1 US dollar.

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.

22/05/1990: Yemeni Unification

The Yemeni Rial became the official currency of the newly unified country of Yemen after the merger of the Yemen Arab Republic (North Yemen) and People's Democratic Republic of Yemen (South Yemen).

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.

26/08/1948: Currency Introduction

The Yemeni Rial (YER) was first introduced as the official currency of North Yemen, replacing the Yemeni Riyal at a rate of 1 rial = 1,000 Riyals.