Convert Mexican Peso to Qatari Rial
Please provide values below to convert Mexican Peso [MXN] to Qatari Rial [QAR], or Convert Qatari Rial to Mexican Peso.
How to Convert Mexican Peso to Qatari Rial
1 MXN = 5.12203296703297 QAR
Example: convert 15 MXN to QAR:
15 MXN = 15 × 5.12203296703297 QAR = 76.8304945054945 QAR
Mexican Peso to Qatari Rial Conversion Table
| Mexican Peso | Qatari Rial |
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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.
Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.