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The Mexican Peso is the official currency of The United Mexican States. The Mexican Peso is represented by the symbol $ or Mex$ and by the abbreviation MXN. The Peso is subdivided into 100 centavos. The banknotes are issued in the range 5$ to 100,000 Mexican Pesos. The coins are in the range 5 centavos 50 centavos and 1$ to 20$. The banknotes and coins are issued by the Bank of Mexico. The Mexican peso is one of the most widely exchanged currencies in the American continents. The conversion rate of one Mexican Peso to INR is equal to 3-4 Indian Rupees. You can find live rates for converting Mexican Peso to Indian Rupee here at extravelmoney.com
Mexico is one of the most visited countries in the world due to the fact that Mexico has the largest number of World Heritage sites in the world by UNESCO. The economy of the nation is mainly maintained by the significant foreign investments. There are a large number of foreign industries in Mexico due to the availability of cheap labour and resources. The country has a rich history of ancient civilizations such as the Mayan and Aztec. The country offers its popular cuisines and beautiful destinations to anyone who visits the country. US dollars is another widely accepted currency in the nation due to the widespread tourism and the United States is the closest nation to Mexico.
The economy of Mexico is majorly poor but is maintained due to the large-scale foreign investments. This provides a majority of the population labour and business opportunities. Many international corporate brands have their manufacturing units in Mexico since it reduces the labour costs and overall expenses for these corporations. Mexico depends upon these foreign investments. The culture and ethnicity of Mexico are diverse, but a majority of the people is of Hispanic heritage. Spanish is one of the chief languages spoken in Mexico. Even though Mexican Peso is popular in the world, the Peso has no relative demand in India. So if someone wants to convert INR into Mexican Peso it is quite difficult. The exchange houses and banks in India does not keep the Mexican Currency with them. So the solution is to convert INR into US Dollars and then converting USD into Mexican Peso in Exchange houses at Mexico. 1 USD is equals nearly 18 Mexican Pesos when converted.
| Currency | Mexican Peso |
|---|---|
| ISO Code | MXN |
| Symbol | Rfا |
| Nick Name | Varos, Papiros, Morlacos, Marimba, Varonil, Lucas, Lana |
| Sub Units | Centavo (¢) ( 1 Peso= 100 centavo) |
| Denominations | |
| Notes | 20, 50, 100, 200, 500, 1000 $ |
| Coins | 5, 10, 20, 50 ¢, 1, 2, 5, 10, 20 $ |
| Valid in | Mexico |
In India, the demand for Mexican Peso currency is almost nil. So converting INR to MXN is difficult. This difficulty can be crossed by converting INR initially into USD. Since USD is accepted globally and is readily available in banks and forex centres in India, it is relatively easy. Then the USD is exchanged for Mexican Peso in banks in Mexico. With ExTravelMoney.com you can obtain USD with ease. Choose the vendor from the list of vendors available in your region that provides the best exchange rate for INR to USD and place the order online. Then with the help of customer executive complete the order and make payment online. You can request the vendor to deliver the forex to your home and pick up the KYC documents.
Converting Mexican Peso to INR is not possible in Mexico or in India. So the best way for converting Mexican currency to Indian rupee is by converting Mexican Peso into USD before you leave Mexico. USD is a global currency and is accepted and provided in any bank or forex centre. Then with the help of ExTravelMoney.com, you can convert the USD into INR. Choose the vendor that offers the best exchange rate for USD in your region and place the order. Then complete the order with the help of our customer executive. You can even request the vendor to provide doorstep services for picking up the forex currency and the KYC documents.
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