Mexican Peso Exchange
MXN Exchange to Japanese yen in Osaka Japan
Current Banknotes
「Today's Rate✖１００％」
Old Banknotes
「Today's Rate ✖２０％」
※Attention※
Depending on the condition of the banknote (dirt, tears, scribble, etc.), the rate may be reduced or we may not be able to purchase it at all.
Basic Data on Mexico
Area:
Approximately 1.96 million square kilometers (about five times the size of Japan)
Population:
Approximately 126.01 million people
Capital:
Mexico City (approximately 9.2 million people)
GDP:
Approximately 1,414 (1 billion dollars)
Inflation rate:
7.82%
Unemployment rate:
3.27%
Trivia:
In 1993, the Mexican peso was devalued to 1/1,000 and the ISO code was changed from MXP to MXN.
The Mexican peso, which switched to a floating exchange rate system, fell by 65% in one go, and the Mexican government was on the verge of default on its debt.
Although the default was avoided with global cooperation, Mexico suffered a 52% inflation, the repercussions of which reached Latin American countries such as Argentina.
This is called the Tequila Effect. To combat counterfeit bills, polymer (plastic) bills were introduced for 20 and 50 peso bills,
which have a transparent window in one part. As this is durable, more and more countries are introducing it, starting with smaller denominations.
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①The above rates are for reference only. Due to market trends, the above rates may not be exchangeable.
②Depending on the condition of the banknote, the rate may be lowered or exchange may not be possible.
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