Convert Angolan Kwanza to Mexican Peso
Please provide values below to convert Angolan Kwanza [AOA] to Mexican Peso [MXN], or Convert Mexican Peso to Angolan Kwanza.
How to Convert Angolan Kwanza to Mexican Peso
1 AOA = 49.3182973793459 MXN
Example: convert 15 AOA to MXN:
15 AOA = 15 × 49.3182973793459 MXN = 739.774460690188 MXN
Angolan Kwanza to Mexican Peso Conversion Table
| Angolan Kwanza | Mexican Peso |
|---|
Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.
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.