Convert Mexican Peso to Brazilian Real
Please provide values below to convert Mexican Peso [MXN] to Brazilian Real [BRL], or Convert Brazilian Real to Mexican Peso.
How to Convert Mexican Peso to Brazilian Real
1 MXN = 3.34905694269804 BRL
Example: convert 15 MXN to BRL:
15 MXN = 15 × 3.34905694269804 BRL = 50.2358541404706 BRL
Mexican Peso to Brazilian Real Conversion Table
| Mexican Peso | Brazilian Real |
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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.
Brazilian Real
The Brazilian Real (BRL) is the official currency of Brazil, used for all monetary transactions within the country.
History/Origin
Introduced in 1994 to stabilize the Brazilian economy and curb hyperinflation, the Real replaced the Cruzeiro and has undergone several reforms and currency changes since its inception.
Current Use
The BRL is widely used in Brazil for everyday transactions, banking, and international trade, and is recognized as a stable currency in Latin America.