Convert Mexican peso to Australian Dollar

7500.1 Mexican peso (MXN) = 489.01 Australian Dollar (AUD)

Thursday, February 23, 2017 11:32 AM

7500.1 MXN =
489.01 AUD

MXNAUD graph

Currencies rates online for Mexican peso (MXN) to Australian Dollar (AUD).

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In order to convert currencies, please go to Australian Dollar (AUD) to Mexican peso (MXN).

The currency converter uses the latest Forex exchange rates.


MXN – Mexican peso

The Mexican peso (symbol: $; currency code: MXN) is the official currency of Mexico. One (1) is equal to one hundred (100) centavos.

The peso is issued by the Bank of Mexico. It is one of the most heavily traded currencies worldwide, and the most traded currency originating from Latin America.

Background
The currency derives its name from the term used to refer to the eight-real coins, or, Spanish dollars, which were issued in Mexico by Spain until the 19th century. The Oil Crisis of the 1970s had a profound effect on the otherwise stable peso, causing it to be replaced by a new currency, the nuevo peso, on January 1, 1993. The modifier “nuevo” was abandoned three years later.


AUD – Australian dollar

The Australian dollar (symbol: $; currency code: AUD) is the official currency of the Commonwealth of Australia, including Christmas Island, Cocos Islands, and Norfolk Island, and several independent Pacific Island states. To distinguish between it and other dollar-denominated currencies, the Australian dollar sometimes appears as A$. One (1) Australian dollar is equal to one hundred (100) cents.

The Australian dollar is often referred to by traders as the “Aussie dollar”. It is the fifth most traded currency in the forex market, behind the U.S. dollar, the euro, the Japanese yen and the British pound. Its popularity in foreign exchange is largely due to the relative stability of the country’s economy and the relatively high interest rates in Australia.

Background
The Australian dollar was preceded by the Australian pound, which was introduced in 1910 and differed in value from the pound sterling. The dollar was introduced on February 14, 1966.