Convert Manx pound to Mexican Peso
Please provide values below to convert Manx pound [IMP] to Mexican Peso [MXN], or Convert Mexican Peso to Manx pound.
How to Convert Manx Pound to Mexican Peso
1 IMP = 0.0397067184432692 MXN
Example: convert 15 IMP to MXN:
15 IMP = 15 × 0.0397067184432692 MXN = 0.595600776649038 MXN
Manx Pound to Mexican Peso Conversion Table
| Manx pound | Mexican Peso |
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Manx Pound
The Manx pound (IMP) is the official currency of the Isle of Man, subdivided into 100 pence, and used as the island's legal tender.
History/Origin
The Manx pound has been in use since the Isle of Man established its own currency system, historically linked to the British pound, with banknotes issued by local banks since the 19th century.
Current Use
Today, the Manx pound is pegged to the British pound at par and is used alongside British currency for everyday transactions and local commerce on the Isle of Man.
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.