Convert Mexican Peso to Djiboutian Franc
Please provide values below to convert Mexican Peso [MXN] to Djiboutian Franc [DJF], or Convert Djiboutian Franc to Mexican Peso.
How to Convert Mexican Peso to Djiboutian Franc
1 MXN = 0.104907129714553 DJF
Example: convert 15 MXN to DJF:
15 MXN = 15 × 0.104907129714553 DJF = 1.57360694571829 DJF
Mexican Peso to Djiboutian Franc Conversion Table
| Mexican Peso | Djiboutian Franc |
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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.
Djiboutian Franc
The Djiboutian Franc (DJF) is the official currency of Djibouti, used for all monetary transactions within the country.
History/Origin
The Djiboutian Franc was introduced in 1949, replacing the French Franc at par, and has been the country's official currency since then, with its value maintained by the Central Bank of Djibouti.
Current Use
The DJF is widely used in Djibouti for everyday transactions, banking, and trade, and is pegged to the US dollar at a fixed rate to ensure stability.