Usd Converter
Convert Usd to Mxn and more • 166 conversions
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Unit Explanations
United States Dollar$
Source UnitThe United States Dollar (USD) is the official currency of the United States, recognized as a legal tender in various territories and widely accepted internationally. It is subdivided into 100 smaller units called cents. The dollar is denoted by the symbol '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
Fun Fact
The U.S. dollar is the most widely used currency for global trade.
Mexican PesoMXN
Target UnitThe Mexican Peso (MXN) is the official currency of Mexico and is subdivided into 100 centavos. It is represented by the symbol '$', and its ISO 4217 code is MXN. The peso has a rich history, tracing back to the Spanish dollar, which was the first global currency. The value of the peso can fluctuate in international markets due to various economic factors, including inflation rates, interest rates, and economic stability. As a fiat currency, it derives its value through government regulation and public trust rather than a physical commodity.
Current Use
The Mexican Peso is widely used in Mexico for all domestic transactions, including retail, services, and investments. It is also traded on the international currency market, making it one of the most traded currencies in Latin America. The MXN is frequently used in remittances sent by Mexicans living abroad, especially from the United States. Due to its importance in trade agreements within North America, the peso plays a significant role in economic relations with Canada and the U.S.
Fun Fact
The Mexican Peso is one of the oldest currencies still in use today, with origins dating back to the 16th century.
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📐Conversion Formula
= × 1.00000How to Convert
To convert to , multiply the value by 1.00000. This conversion factor represents the ratio between these two units.
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💡 Pro Tip: For the reverse conversion ( → ), divide by the conversion factor instead of multiplying.
United States Dollar
currency • Non-SI
Definition
The United States Dollar (USD) is the official currency of the United States, recognized as a legal tender in various territories and widely accepted internationally. It is subdivided into 100 smaller units called cents. The dollar is denoted by the symbol '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
History & Origin
The United States Dollar has its origins in the Spanish dollar, which was widely used in the Americas during the colonial period. The first official dollar was issued by the Continental Congress in 1775 during the American Revolutionary War. The Coinage Act of 1792 established the U.S. dollar as the country's standard unit of money, allowing for the production of coins in various denominations. The dollar was initially defined in terms of specific weights of silver and gold, reflecting the bimetallic standard prevalent at the time, leading to the establishment of the U.S. Mint for the purpose of producing coinage.
Etymology: The term 'dollar' comes from the German word 'Thaler', which referred to a silver coin that was minted in the 16th century.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
💡 Fun Facts
- •The U.S. dollar is the most widely used currency for global trade.
- •More than 60% of all foreign exchange reserves are held in USD.
- •The design of the dollar bill has not changed significantly since 1929.
📏 Real-World Examples
🔗 Related Units
Mexican Peso
currency • Non-SI
Definition
The Mexican Peso (MXN) is the official currency of Mexico and is subdivided into 100 centavos. It is represented by the symbol '$', and its ISO 4217 code is MXN. The peso has a rich history, tracing back to the Spanish dollar, which was the first global currency. The value of the peso can fluctuate in international markets due to various economic factors, including inflation rates, interest rates, and economic stability. As a fiat currency, it derives its value through government regulation and public trust rather than a physical commodity.
History & Origin
The peso's origin dates back to the Spanish colonial period in the 16th century when it was first introduced as a silver coin known as the 'real de a ocho'. This coin became widely used for trade across the Americas and Asia due to its intrinsic silver value. The modern Mexican Peso was established after Mexico gained independence in 1821, with its first issuance in 1863, reflecting Mexico's national economic identity.
Etymology: The term 'peso' comes from the Spanish word for 'weight', indicating the weight of the silver coins originally used.
Current Use
The Mexican Peso is widely used in Mexico for all domestic transactions, including retail, services, and investments. It is also traded on the international currency market, making it one of the most traded currencies in Latin America. The MXN is frequently used in remittances sent by Mexicans living abroad, especially from the United States. Due to its importance in trade agreements within North America, the peso plays a significant role in economic relations with Canada and the U.S.
💡 Fun Facts
- •The Mexican Peso is one of the oldest currencies still in use today, with origins dating back to the 16th century.
- •In 1993, the Mexican government introduced the new peso, where 1 new peso is worth 1,000 old pesos.
- •The 'peso' was also historically used as a term for various currencies in other Spanish-speaking countries.
📏 Real-World Examples
🔗 Related Units
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Frequently Asked Questions
How do I convert to ?▼
To convert to , multiply your value by 1. For example, 10 equals 10 .
What is the formula for to conversion?▼
The formula is: = × 1. This conversion factor is based on international standards.
Is this to converter accurate?▼
Yes! MetricConv uses internationally standardized conversion factors from organizations like NIST and ISO. Our calculations support up to 15 decimal places of precision, making it suitable for scientific, engineering, and everyday calculations.
Can I convert back to ?▼
Absolutely! You can use the swap button (⇄) in the converter above to reverse the conversion direction, or visit our to converter.