GAN to MXN Converter and calculator


Conversion rates
Convert GAN to MXN
Convert MXN to GAN
GAN to MXN chart
GAN to MXN conversion data: Volatility and price changes of Galactic Arena: The NFTverse in MXN
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.0008377 MXN | 0.0009547 MXN | 0.0009547 MXN | 0.003086 MXN |
Low | 0.0008339 MXN | 0.0007429 MXN | 0.0007235 MXN | 0.0007235 MXN |
Average | 0 MXN | 0 MXN | 0 MXN | 0 MXN |
Volatility | % | % | % | % |
Change | -0.29% | +1.13% | -5.20% | -34.90% |
Galactic Arena: The NFTverse information
GAN to MXN market statistics
Current GAN to MXN exchange rate
Galactic Arena: The NFTverse to Mexican peso is rising this week.More info about Galactic Arena: The NFTverse on Bitget
Mexican peso information
About the Mexican Peso (MXN)
What Is the Mexican Peso (MXN)?
The Mexican Peso (MXN) is the official currency of Mexico. It is abbreviated as MXN and often represented by the symbol $ or Mex$. Originating from the Spanish dollar between the 15th and 19th centuries, the peso has evolved from a regional currency to a potent global financial instrument. The Mexican Peso is the sole legal tender in Mexico, and it is used for all transactions within the country.
The Mexican Peso is issued by the Bank of Mexico (Banco de México), which is the central bank of Mexico. Established in 1925, the Bank of Mexico is responsible for regulating the country's monetary policy, including the issuance and circulation of the national currency, the Mexican Peso (MXN). The central bank's responsibilities also encompass managing Mexico's currency reserves, controlling inflation, and ensuring the stability of the financial system.
What Is the History of MXN?
The peso's history is deeply intertwined with Spain's official currency, the "real," minted in silver. The term "peso," meaning "weight," referred to the silver weight of the currency. The most common denomination was the silver 8-real coin, which remained in circulation until the mid-19th century. Mexico's transition to paper money began in the early 20th century, with the Bank of Mexico established in 1925 to control currency circulation, exchange rates, and interest rates.
The 1980s were marked by hyperinflation and currency devaluation, leading to the introduction of the "Nuevo Peso" in 1993, valued at 1,000 old pesos. This change was a response to the economic challenges Mexico faced, including the impact of the 1970s oil crisis.
Notes and Coins of MXN
The Mexican Peso includes a diverse range of banknotes and coins, each showcasing the nation's rich history and culture. The banknotes feature prominent figures and landmarks, with denominations of 20, 50, 100, 200, 500, and 1000 Pesos. The coins, which come in denominations of 5, 10, 20, and 50 centavos, and 1, 2, 5, 10, and 20 Pesos, display Mexico's national emblem and other cultural symbols.
Global Standing
As of recent years, the Mexican Peso has become one of the most traded currencies in the world and is the most traded currency in Latin America. Its value and exchange rates are influenced by various factors, including Mexico's economic policies, global market sentiments, and its relationship with major economies like the United States.
Can You Use MXN in Other Countries?
The Mexican Peso, while primarily used within Mexico, may occasionally be accepted in certain areas outside the country, particularly in US border towns and some tourist destinations in the Caribbean or Central America, due to high cross-border traffic or tourism. However, its acceptance is limited and not a standard practice.
What Is the Relationship Between MXN and the United States?
The Mexican Peso's relationship with the United States is complex and deeply interwoven, primarily driven by extensive trade ties underpinned by the United States-Mexico-Canada Agreement (USMCA). As Mexico's largest trading partner, economic fluctuations and policy changes in the U.S. significantly impact the Peso's value. This interdependency is further highlighted by the substantial remittances sent from Mexican nationals working in the U.S., which form a crucial part of Mexico's economy. Additionally, the U.S. is a key source of foreign direct investment in Mexico, making the Peso sensitive to shifts in U.S. investor sentiment and monetary policy. Political decisions, especially regarding trade and immigration, also play a pivotal role in shaping the Peso's strength. Consequently, the Peso often reacts to economic developments and policy alterations in the U.S., reflecting the intricate economic and financial symbiosis between the two neighboring countries.
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GAN to MXN Conversion tables
Amount | 08:56 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 GAN | Mex$0.0004173 | Mex$0.0004185 | -0.29% |
1 GAN | Mex$0.0008347 | Mex$0.0008371 | -0.29% |
5 GAN | Mex$0.004173 | Mex$0.004185 | -0.29% |
10 GAN | Mex$0.008347 | Mex$0.008371 | -0.29% |
50 GAN | Mex$0.04173 | Mex$0.04185 | -0.29% |
100 GAN | Mex$0.08347 | Mex$0.08371 | -0.29% |
500 GAN | Mex$0.4173 | Mex$0.4185 | -0.29% |
1000 GAN | Mex$0.8347 | Mex$0.8371 | -0.29% |
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