Convert Mexican Peso to Armenian Dram
Please provide values below to convert Mexican Peso [MXN] to Armenian Dram [AMD], or Convert Armenian Dram to Mexican Peso.
How to Convert Mexican Peso to Armenian Dram
1 MXN = 0.0485459038205664 AMD
Example: convert 15 MXN to AMD:
15 MXN = 15 × 0.0485459038205664 AMD = 0.728188557308497 AMD
Mexican Peso to Armenian Dram Conversion Table
| Mexican Peso | Armenian Dram |
|---|
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.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.