Convert Brazilian Real to Mexican Peso
Please provide values below to convert Brazilian Real [BRL] to Mexican Peso [MXN], or Convert Mexican Peso to Brazilian Real.
How to Convert Brazilian Real to Mexican Peso
1 BRL = 0.298591519078319 MXN
Example: convert 15 BRL to MXN:
15 BRL = 15 × 0.298591519078319 MXN = 4.47887278617479 MXN
Brazilian Real to Mexican Peso Conversion Table
| Brazilian Real | Mexican Peso |
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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.
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.