BWP to MXN

BWP - Botswanan Pula (P)
MXN - Mexican Peso ($)
1 BWP1 MXN

Currency conversion rates from BWP to MXN

BWPMXN
1 BWP1 MXN
5 BWP5 MXN
10 BWP10 MXN
20 BWP20 MXN
50 BWP50 MXN
100 BWP100 MXN
250 BWP250 MXN
500 BWP500 MXN
1000 BWP1000 MXN
2000 BWP2000 MXN
5000 BWP5000 MXN
10000 BWP10000 MXN
MXNBWP
1 MXN1 BWP
5 MXN5 BWP
10 MXN10 BWP
20 MXN20 BWP
50 MXN50 BWP
100 MXN100 BWP
250 MXN250 BWP
500 MXN500 BWP
1000 MXN1000 BWP
2000 MXN2000 BWP
5000 MXN5000 BWP
10000 MXN10000 BWP

BWP - Botswanan Pula (BWP)

Botswanan Pula

The official currency of Botswana is the Botswana Pula (BWP). The Pula is divided into 100 thebe. The symbol for the Pula is P. The Pula is rated as one of the strongest currencies in Africa.

The Botswana Pula is the currency in Botswana (BW, BWA). The symbol for BWP can be written P. The Botswana Pula is divided into 100 thebe. The exchange rate for the Botswana Pula was last updated on Today from The International Monetary Fund. The BWP conversion factor has 6 significant digits.

Economy

  • From 1966 to 1999 Botswana had the highest growth rate in the world. The estimated growth rate during that time period was 9%.
  • Botswana has been maintaining budget surpluses and they have a large foreign exchange reserve.
  • The mining industry plays an important part in the economic growth and accounts for 36% of the GDP.
  • Agriculture in the country is low and accounts for only 1% of the total GDP.
  • Top industries are textiles, salt, diamonds, soda ash, nickel, potash, livestock processing, and copper.
  • Export products are soda ash, textiles, meat, copper, diamonds, and nickel.
  • The top export product of Botswana is diamonds.
  • Import products are electrical goods, textiles, paper products, wood, petroleum and fuel products, machinery, and foodstuffs.
  • Unemployment is estimated at 7%.
  • Botswana’s military expenditures are considered high and are criticized by the international market.
  • 70% of the country’s electricity is imported from South Africa.

History

  • In 1976, the Pula was introduced to replace the South African Rand. Banknotes were printed in denominations of 10, 5, 2, and 1 Pula.
  • In 1978, the first 20-pula note was introduced.
  • From 1991 to 1994, the 1-pula banknotes and 2-pula banknotes were replaced by coins.
  • In 2000, the 5-pula banknote was replaced with a coin. The original banknotes were discontinued and are no longer part of the currency.
  • In 2009, the latest Pula notes were introduced and the first 200-pula note was introduced.

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MXN - Mexican Peso (Mex$)

The Mexican peso is the currency of Mexico. Its currency code is MXN and its symbol is $. To distinguish it from other currencies using the $ symbol, the peso is sometimes written as M$, MX$, or MEX$. The symbol MXN replaced the former symbol, MXP. The peso has a conversion factor of 6 significant digits, and is fiat currency. The most popular peso exchange is with the US dollar.

The Mexican Peso was initially based on Spain’s official currency, which is the silver dollar. The Mexican name originated from the 8-real coins that were issued by Spain for Mexico, which were cast from pure silver. It was the first currency to use a discrete border and accurate weight to guard against counterfeits, which made it very popular.

The Mexican Peso is the currency in Mexico (MX, MEX). The symbol for MXN can be written Mex$. The Mexican Peso is divided into 100 centavos. The exchange rate for the Mexican Peso was last updated on Today from The International Monetary Fund. The MXN conversion factor has 6 significant digits.

Economy

  • The Mexican economy is supported by the private sector. And its economy was based on manufacturing, though agricultural sector went down, it was still considered the source of employment.
  • The Mexican economy went from a deep transformation since 1980s, which is a result of economic laissez-faire and becoming a member of the North American Free-Trade Agreement.
  • In 2003, mining reached a GDP of 1.4%, yet it devalues the significance of oil production in the economy. Oil exports symbolized 11.3% of the entire export earning of the country.

History

  • In the late 18th century, the Mexican Peso was used as a benchmark for all North American countries. On July 6, 1785, the US Dollar was valued at a rate comparable to the Peso, and was widely used as currency in the United States well after USD bills were introduced.
  • After gaining independence from Spain in 1821, Mexico continued to use the Peso as its currency.
  • In 1863, the first centavo coins were issued; a centavo was one-hundredth of a Peso. Another series of 1 peso coins was issued the following year until 1897.
  • In 1905, the value of golden Peso was reduced to 49.3%, but the silver Peso remained unchanged.
  • After the Oil Crisis of the 1970s, Mexico faced many years of inflation and debt defaults, leading to the replacement of the currency with the Nuevo Peso. The Nuevo Peso was valued at 1000 Mexican Pesos.

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