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MELI to Mexican Peso Converter and calculator

Convert 1MELI (MELI) to Mexican Peso (MXN) equals $ 0.0008414 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of MELI(MELI) to Mexican Peso(MXN). This is the real-time data. The current conversion shows 1 MELI at a value of 1 MELI for 0.00 MXN . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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

MELI to MXN conversion rate trend

1D7D1M3M1YAll
In the past 1D, MELI has changed -1.52% to MXN. Based on the trend and price charts, MELI(MELI) has changed -1.52% to MXN while Mexican Peso(MXN) has changed % to MELI in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$0.0008414
0.0200% / 0.0320%vip-iconVIP 7
Gate.io
$0.0008276
0.1000% / 0.1000%
Yes
Last updated 2024/11/09 16:00:10(UTC+0)

How to buy MELI

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy MELI (MELI)
Use a variety of payment options to buy MELI on Bitget. We'll show you how.

Buy MELI (or USDT) for MXN (Mexican Peso) offers

Bitget P2P trading does not currently support direct buying of MELI with MXN. However, you can buy USDT in Bitget P2P trading first, and then buy MELI with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell MELI (or USDT) for MXN (Mexican Peso) offers

Bitget P2P trading currently does not support direct selling of MELI to MXN. However, you can first exchange MELI for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
No matching ads found.

What factors influence the conversion rate of MELI to Mexican Peso?

MELI to Mexican Peso is rising this week.
MELI's current market price is $ 0.0008414 per MELI, with a total market cap of $ 0 MXN based on a circulating supply of -- MELI. The trading volume of MELI has changed by -63.95% ($ -7,177.52 MXN) in the last 24 hours. Last trading day, MELI's trading volume was $ 11,223.39.
Market cap
$0
24h volume
$200.52711301
Circulating supply
0 MELI

Conversion tables

The exchange rate of MELI is decreasing.
1 MELI is currently valued at $ 0.0008414 MXN , which means buying 5 MELI will cost $ 0.004207 MXN . Similarly, $1 MXN can be traded for 1,188.44 MELI, and $50 MXN can be converted to 59,422.04 MELI, excluding any platform or gas fees.
The exchange rate of 1 MELI to Mexican Peso has changed by +0.44% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.52%, reaching a high of 0.0008551 MXN and a low of 0.0008002 MXN . One month ago, the value of 1 MELI was $ 0.0009602 MXN , which represents a -12.37% change from its current value. Over the last year, MELI has changed by
-$
0.01603MXN
, resulting in a change of -95.01% in its value.

MELI to MXN

Amount
16:40 today
0.5 MELI
$0.0004207
1 MELI
$0.0008414
5 MELI
$0.004207
10 MELI
$0.008414
50 MELI
$0.04207
100 MELI
$0.08414
500 MELI
$0.4207
1000 MELI
$0.8414

MXN to MELI

Amount16:40 today
0.5MXN594.22  MELI
1MXN1,188.44  MELI
5MXN5,942.2  MELI
10MXN11,884.41  MELI
50MXN59,422.04  MELI
100MXN118,844.08  MELI
500MXN594,220.38  MELI
1000MXN1,188,440.77  MELI

Today vs. 24 hours ago

Amount16:40 today24 hours ago24h change
0.5 MELI$0.{4}2085$0.{4}2117
-1.52%
1 MELI$0.{4}4170$0.{4}4235
-1.52%
5 MELI$0.0002085$0.0002117
-1.52%
10 MELI$0.0004170$0.0004235
-1.52%
50 MELI$0.002085$0.002117
-1.52%
100 MELI$0.004170$0.004235
-1.52%
500 MELI$0.02085$0.02117
-1.52%
1000 MELI$0.04170$0.04235
-1.52%

Today vs. 1 month ago

Amount16:40 today1 month ago1M change
0.5 MELI$0.{4}2085$0.{4}2380
-12.37%
1 MELI$0.{4}4170$0.{4}4759
-12.37%
5 MELI$0.0002085$0.0002380
-12.37%
10 MELI$0.0004170$0.0004759
-12.37%
50 MELI$0.002085$0.002380
-12.37%
100 MELI$0.004170$0.004759
-12.37%
500 MELI$0.02085$0.02380
-12.37%
1000 MELI$0.04170$0.04759
-12.37%

Today vs. 1 year ago

Amount16:40 today1 year ago1Y change
0.5 MELI$0.{4}2085$0.0004181
-95.01%
1 MELI$0.{4}4170$0.0008362
-95.01%
5 MELI$0.0002085$0.004181
-95.01%
10 MELI$0.0004170$0.008362
-95.01%
50 MELI$0.002085$0.04181
-95.01%
100 MELI$0.004170$0.08362
-95.01%
500 MELI$0.02085$0.4181
-95.01%
1000 MELI$0.04170$0.8362
-95.01%

MELI price prediction

What will the price of MELI be in 2025?

Based on MELI's historical price performance prediction model, the price of MELI is projected to reach $0.{4}2070 in 2025.

What will the price of MELI be in 2030?

In 2030, the MELI price is expected to change by +3.00%. By the end of 2030, the MELI price is projected to reach $0.{4}2565, with a cumulative ROI of -38.51%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between MELI and MXN.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as MELI and MXN. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of MELI in MXN, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.