Convert Saint Helena Pound to Mexican Peso
Please provide values below to convert Saint Helena Pound [SHP] to Mexican Peso [MXN], or Convert Mexican Peso to Saint Helena Pound.
How to Convert Saint Helena Pound to Mexican Peso
1 SHP = 0.0397067184432692 MXN
Example: convert 15 SHP to MXN:
15 SHP = 15 × 0.0397067184432692 MXN = 0.595600776649038 MXN
Saint Helena Pound to Mexican Peso Conversion Table
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Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.
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.