Convert Chinese Yuan (Offshore) to Mexican Peso
Please provide values below to convert Chinese Yuan (Offshore) [CNH] to Mexican Peso [MXN], or Convert Mexican Peso to Chinese Yuan (Offshore).
How to Convert Chinese Yuan (Offshore) to Mexican Peso
1 CNH = 0.384651473380461 MXN
Example: convert 15 CNH to MXN:
15 CNH = 15 × 0.384651473380461 MXN = 5.76977210070692 MXN
Chinese Yuan (Offshore) to Mexican Peso Conversion Table
| Chinese Yuan (Offshore) | Mexican Peso |
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Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.