Convert Jersey Pound to Mexican Peso
Please provide values below to convert Jersey Pound [JEP] to Mexican Peso [MXN], or Convert Mexican Peso to Jersey Pound.
How to Convert Jersey Pound to Mexican Peso
1 JEP = 0.0397067184432692 MXN
Example: convert 15 JEP to MXN:
15 JEP = 15 × 0.0397067184432692 MXN = 0.595600776649038 MXN
Jersey Pound to Mexican Peso Conversion Table
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Jersey Pound
The Jersey Pound (JEP) is the official currency of Jersey, a British Crown Dependency, used for everyday transactions and financial purposes within the island.
History/Origin
The Jersey Pound was introduced in 1961, replacing the British Pound Sterling in Jersey, and has since been pegged to the British Pound at par, maintaining its value and stability as a local currency.
Current Use
Today, the Jersey Pound is widely used for all local transactions, with banknotes and coins issued specifically for Jersey, and it is accepted alongside the British Pound Sterling within the island.
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.