Convert Mexican Peso to Malaysian Ringgit
Please provide values below to convert Mexican Peso [MXN] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Mexican Peso.
How to Convert Mexican Peso to Malaysian Ringgit
1 MXN = 4.40615399158671 MYR
Example: convert 15 MXN to MYR:
15 MXN = 15 × 4.40615399158671 MYR = 66.0923098738006 MYR
Mexican Peso to Malaysian Ringgit Conversion Table
| Mexican Peso | Malaysian Ringgit |
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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.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.