Mexican Peso (MX$) to Chinese Yuan Renminbi (¥) Conversion
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico and the most traded Latin American currency after the Brazilian Real. The current peso was introduced in 1993 as the Nuevo Peso, replacing the old peso at a rate of 1:1,000 to end the confusion caused by decades of high inflation. Mexico's close economic integration with the United States — formalised by NAFTA (now USMCA) — means the MXN is highly sensitive to US Federal Reserve policy, trade developments, and oil prices, since Mexico is a significant oil producer.
Chinese Yuan Renminbi
The Chinese Yuan Renminbi (CNY/RMB) is the official currency of the People's Republic of China and the fifth largest world reserve currency. The People's Bank of China manages the yuan under a managed floating exchange rate system, setting a daily midpoint rate and allowing the currency to trade within a narrow band. As China's global trade influence has grown, the yuan has been included in the IMF's Special Drawing Rights (SDR) basket since 2016. CNY (yuan, used internationally) and RMB (renminbi, used domestically) refer to the same currency.
| Mexican Peso (MX$) | Chinese Yuan Renminbi (¥) |
|---|---|
| MX$ 0.1 | ¥ 0.1 |
| MX$ 1 | ¥ 1 |
| MX$ 2 | ¥ 2 |
| MX$ 3 | ¥ 3 |
| MX$ 5 | ¥ 5 |
| MX$ 10 | ¥ 10 |
| MX$ 20 | ¥ 20 |
| MX$ 30 | ¥ 30 |
| MX$ 50 | ¥ 50 |
| MX$ 100 | ¥ 100 |
| MX$ 1000 | ¥ 1000 |