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MGP to MXN Converter and calculator

MGP/MXN: 1 MGP = 0.5504 MXN. The price of converting 1 Magpie (MGP) to Mexican peso (MXN) is 0.5504 MXN today.
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MGP
MXN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MGP to MXN real-time exchange rates, making it easy to convert Magpie (MGP) to Mexican peso (MXN). The conversion result is based on real-time data. The conversion result shows that 1 MGP is currently valued at 0.55 MXN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MGP is currently valued at 0.55 MXN, which means buying 5 MGP would cost 2.75 MXN. Similarly, Mex$1 MXN can be converted to 1.82 MGP, and Mex$50 MXN can be converted to 9.08 MGP, excluding any platform or gas fees.

Convert MGP to MXN

Convert MXN to MGP

Magpie
Mexican peso
5000 MGP
2,752.09  MXN
10000 MGP
5,504.19  MXN
In the table above, you'll find a comprehensive MGP to MXN converter that shows the value of Magpie in Mexican peso across commonly used conversion amounts. The list covers conversions from 1 MGP to MXN, all the way up to 10000 MGP, providing a clear view of their respective values.
Mexican peso
Magpie
10000 MXN
18,167.98 MGP
50000 MXN
90,839.91 MGP
100000 MXN
181,679.83 MGP
In the table above, you'll find a comprehensive MXN to MGP converter that shows the value of Mexican peso in Magpie across commonly used conversion amounts. The list covers conversions from 1 MXN to MGP, all the way up to 100000 MXN, providing a clear view of their respective values.

MGP to MXN chart

MGP/MXN: 1 MGP = 0.5504 MXN; 2025/04/30 13:15:53
In the past 1D, Magpie has changed +0.20% to MXN. Based on the trend and price charts, Magpie(MGP) has changed +0.20% to MXN while Mexican peso(MXN) has changed % to MGP in the last 24 hours.
1D7D1M3M1YAll

MGP to MXN conversion data: Volatility and price changes of Magpie in MXN

The highest Magpie price in MXN over the past 7 days was 0.6396 MXN while the lowest Magpie price in MXN over the past 7 days was 0.5393 MXN. The relative change between the highs and lows in Magpie price in MXN over the last 7 days indicates a volatility of %. You can view additional volatility data and MGP to MXN prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.5529 MXN
0.6396 MXN
0.8156 MXN
1.74 MXN
Low
0.5393 MXN
0.5393 MXN
0.4062 MXN
0.4062 MXN
Average
0 MXN
0 MXN
0 MXN
0 MXN
Volatility
%
%
%
%
Change
+0.20%
-11.91%
-23.01%
-67.63%

Magpie information

MGP to MXN market statistics

MGP/MXN:
Mex$0.5504
MGP 24h volume:
Mex$1,970,046.02
MGP market cap:
Mex$251,598,189.69
MGP circulating supply:
457.10M MGP

Current MGP to MXN exchange rate

Magpie to Mexican peso is falling this week.
Magpie's current market price is Mex$0.5504 per MGP, with a total market cap of Mex$251,598,189.69 MXN based on a circulating supply of 457,103,140 MGP. The trading volume of Magpie has changed by -35.44% (Mex$-1,081,639.37 MXN) in the last 24 hours. Last trading day, MGP's trading volume was Mex$3,051,685.39.

More info about Magpie 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.

Bitget crypto-to-fiat exchange data shows that the most popular Magpie currency pair is the MGP to MXN, with for Magpie's currency code being MGP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MXN.

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How to convert MGP to MXN

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Bitget P2P trading does not currently support direct buying of MGP with MXN. However, you can buy USDT in Bitget P2P trading first, and then buy MGP with USDT via Bitget spot market.
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MGP to MXN Conversion tables

The exchange rate of Magpie is decreasing.
The exchange rate of 1 MGP to Mexican peso has changed by -11.91% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.20%, reaching a high of 0.5529 MXN and a low of 0.5393 MXN . One month ago, the value of 1 MGP was Mex$0.7149 MXN , which represents a -23.01% change from its current value. Over the last year, Magpie has changed by
-Mex$
1.12MXN
, resulting in a change of -67.04% in its value.
24 hours ago1 month ago1 year ago
Amount13:15 today24 hours ago24h change
0.5 MGPMex$0.2752Mex$0.2747
+0.20%
1 MGPMex$0.5504Mex$0.5493
+0.20%
5 MGPMex$2.75Mex$2.75
+0.20%
10 MGPMex$5.5Mex$5.49
+0.20%
50 MGPMex$27.52Mex$27.47
+0.20%
100 MGPMex$55.04Mex$54.93
+0.20%
500 MGPMex$275.21Mex$274.66
+0.20%
1000 MGPMex$550.42Mex$549.31
+0.20%

MGP to MXN FAQ

How much is 1 Magpie in MXN?
Right now, the price of 1 Magpie (MGP) in Mexican peso (MXN) is Mex$0.5504.
How much MGP can I buy for 1 MXN?
Based on the current exchange rate, you can get 1.82 MGP for 1 MXN.
How do I calculate or convert MGP to MXN?
You can use our MGP to MXN calculator at the top of this page to convert any amount of MGP to MXN. We've also included quick-reference tables for the most popular conversions. For example, 5 MXN is equivalent to 9.08 MGP, while 5 MGP will cost around 2.75MXN.
What is the highest price of MGP/MXN in history?
The all-time high price of 1 MGP in MXN is Mex$4.13. It remains to be seen if the value of 1 MGP/MXN will exceed the current all-time high.
What is the price trend of Magpie in MXN?
Over the past 7 days, the exchange rate of Magpie (MGP) has gone down by 11.91%.   Over the last month, the exchange rate of Magpie (MGP) has gone down by 23.01% against Mexican peso (MXN).

What factors influence the conversion rate of MGP to MXN?

There are many factors that affect the relationship between Magpie and Mexican peso, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of MGP/MXN. When there is positive news in the market about the widespread adoption of MGP or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MGP/MXN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MGP/MXN.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of MGP/MXN. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Magpie and adjust their investment strategies accordingly in the evolving market.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.