Convert New Taiwan Dollar to Mexican Peso
Please provide values below to convert New Taiwan Dollar [TWD] to Mexican Peso [MXN], or Convert Mexican Peso to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Mexican Peso
1 TWD = 1.57502064985357 MXN
Example: convert 15 TWD to MXN:
15 TWD = 15 × 1.57502064985357 MXN = 23.6253097478036 MXN
New Taiwan Dollar to Mexican Peso Conversion Table
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.