Convert Mexican Peso to New Zealand Dollar
Please provide values below to convert Mexican Peso [MXN] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Mexican Peso.
How to Convert Mexican Peso to New Zealand Dollar
1 MXN = 11.1708807669263 NZD
Example: convert 15 MXN to NZD:
15 MXN = 15 × 11.1708807669263 NZD = 167.563211503895 NZD
Mexican Peso to New Zealand Dollar Conversion Table
| Mexican Peso | New Zealand Dollar |
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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.
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.