Convert Mexican Peso to Chinese Yuan
Please provide values below to convert Mexican Peso [MXN] to Chinese Yuan [CNY], or Convert Chinese Yuan to Mexican Peso.
How to Convert Mexican Peso to Chinese Yuan
1 MXN = 2.59889321010887 CNY
Example: convert 15 MXN to CNY:
15 MXN = 15 × 2.59889321010887 CNY = 38.983398151633 CNY
Mexican Peso to Chinese Yuan Conversion Table
| Mexican Peso | Chinese Yuan |
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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.
Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).