Mexican Peso

Mexican Peso

The Mexican peso (sign: $; code: MXN) is the currency of Mexico. Modern peso and dollar currencies have a common origin in the 15th–19th century-Spanish dollar, most continuing to use its sign, "$". The Mexican peso is the 11th most traded currency in the world, the third most traded currency from America (after the United States dollar and Canadian dollar), and the most traded currency from Latin America.The current ISO 4217 code for the peso is MXN; prior to the 1993 revaluation (see below), the code MXP was used. The peso is subdivided into 100 centavos, represented by "¢". As of 3 September 2018, the peso's exchange rate was $22.21 per euro and $19.14 per U.S. dollar.

South African Rand

South African Rand

The rand (sign: R; code: ZAR) is the currency of South Africa. The Rand is subdivided into 100 cents (sign: "c"). The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand (South African Rand). The Rand is legal tender in the Common Monetary Area between South Africa, Swaziland, Lesotho, and Namibia, although the last three countries do have their own currencies pegged at par with rand. Before 1976, the rand was legal tender in Botswana.

1 Mexican Peso to South African Rand exchange rates chart

1 MXN to ZAR exchange rates graph
1 MXN to ZAR Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1 MXN to ZAR exchange rates table

Exchange MXN to ZAR
1 Mexican Peso = 0.724 South African Rand
2 Mexican Peso = 1.448 South African Rand
5 Mexican Peso = 3.619 South African Rand
10 Mexican Peso = 7.238 South African Rand
Exchange Mexican Peso to South African Rand
1 Mexican Peso to South African Rand Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

1 MXN to ZAR exchange rates news

The peso has done something shocking since Trump took office

The peso is up 6% since Trump took office.

2 days conditional negative
The Mexican peso is soaring after Trump's inauguration

The Mexican peso was closely followed throughout the election.

2 days indicative positive
Mexico launches major initiative to boost financial sector
Mexico launches major initiative to boost financial sector

BNamericas is the business intelligence tool for Latin America with data, news, analysis and events to identify job opportunities, projects, companies and contacts

8 days indicative neutral
Rand gains ahead of GDP data

The rand moved in tandem with other emerging markets which have been buoyed by thaw in tensions between the world’s top two economies as presidents Donald Trump and Xi Jinping struck a deal at the G20 summit over the weekend in Argentina.

about 1 month conditional positive
South Africa's Rand Falls to 2-Year Low As Turkey Rout Spreads

Magnitude of rand's slide came after three days of heavy losses and caught South African Reserve Bank by surprise, but deputy governor at bank told Reuters that regulator was 'nowhere near' intervening to support currency

about 2 months conditional positive

1 MXN to ZAR currency converter