Convert United States Dollar to Mexican Peso
Please provide values below to convert United States Dollar [USD] to Mexican Peso [MXN], or Convert Mexican Peso to United States Dollar.
How to Convert United States Dollar to Mexican Peso
1 USD = 0.053635983308482 MXN
Example: convert 15 USD to MXN:
15 USD = 15 × 0.053635983308482 MXN = 0.80453974962723 MXN
United States Dollar to Mexican Peso Conversion Table
| United States Dollar | Mexican Peso |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
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.