MXN to NPR

MXN - Mexican Peso ($)
NPR - Nepalese Rupee (नेरू)
1 MXN1 NPR

Currency conversion rates from MXN to NPR

MXNNPR
1 MXN1 NPR
5 MXN5 NPR
10 MXN10 NPR
20 MXN20 NPR
50 MXN50 NPR
100 MXN100 NPR
250 MXN250 NPR
500 MXN500 NPR
1000 MXN1000 NPR
2000 MXN2000 NPR
5000 MXN5000 NPR
10000 MXN10000 NPR
NPRMXN
1 NPR1 MXN
5 NPR5 MXN
10 NPR10 MXN
20 NPR20 MXN
50 NPR50 MXN
100 NPR100 MXN
250 NPR250 MXN
500 NPR500 MXN
1000 NPR1000 MXN
2000 NPR2000 MXN
5000 NPR5000 MXN
10000 NPR10000 MXN

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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NPR - Nepalese Rupee ()

Nepalese Rupee

The Rupee is the official currency of Nepal and is divided into 100 paisa. The Nepal Rastra Bank controls the issuing of currency. Unlike many countries, Nepal has three main exchange rates: the Rastra Bank rates (the government’s official rate), the private banks’ rate (slightly more generous), and the black market rate (the most generous, set by carpet shops and travel agents). When you leave Nepal from the Kathmandu airport, you will be limited on how many Rupees you can convert back to foreign currency. Only up to 10% of total of all receipts for exchanges from foreign currency into rupees will be converted back to international currencies.

The Nepalese Rupee is the currency in Nepal (NP, NPL). The symbol for NPR can be written NRs. The Nepalese Rupee is divided into 100 paise. The exchange rate for the Nepalese Rupee was last updated on January 18, 2019 from The International Monetary Fund. The NPR conversion factor has 6 significant digits.

Economy

  • Nepal’s GDP was most recently estimated at over US$12 billion (2008). GDP is comprised primarily of services (41%) and agriculture (40%), though agriculture employs roughly 75% of the country’s 10 million person workforce. The major types of produce include tea, rice, corn, wheat, sugarcane, milk, and water buffalo meat. Skilled labor represents one of the biggest impediments to economic growth.
  • Roughly 25% of the population lives below the international poverty line (US$1.25 per day). Nepal is a recipient of aid from many Asian, North American, and European nations.
  • Exports primarily consist of commodities (gold, machinery, petroleum products, fertilizer), textiles (carpets, leather goods, clothing), and grains.

History

  • In 1932, the Rupee was introduced, replacing the silver Mohar at a rate of two Mohar = one Rupee. In Nepalese, mohru was the first name of the Rupee.
  • In 1933, the value of the Nepalese Rupee was pegged to the Indian Rupee at a rate of 1.6 Nepalese Rupees = 1 Indian Rupee.
  • In the 1940s and 1950’s, coins were made from nickel, brass, and bronze.
  • In 1966, aluminum coins were introduced to replace the smaller denomination 1, 2, and 5 paisa, and brass coins replaced the 10 paisa coin.
  • Banknotes were introduced in 1951, in 1, 5, 10, and 100 Rupee denominations. 500 and 1,000 Rupee notes were added in 1972.

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