Convert Mexican Peso to Mongolian Tugrik
Please provide values below to convert Mexican Peso [MXN] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Mexican Peso.
How to Convert Mexican Peso to Mongolian Tugrik
1 MXN = 0.00525228856919999 MNT
Example: convert 15 MXN to MNT:
15 MXN = 15 × 0.00525228856919999 MNT = 0.0787843285379999 MNT
Mexican Peso to Mongolian Tugrik Conversion Table
| Mexican Peso | Mongolian Tugrik |
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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.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.