Convert Nicaraguan Córdoba to Mexican Peso
Please provide values below to convert Nicaraguan Córdoba [NIO] to Mexican Peso [MXN], or Convert Mexican Peso to Nicaraguan Córdoba.
How to Convert Nicaraguan Córdoba to Mexican Peso
1 NIO = 1.97306400918248 MXN
Example: convert 15 NIO to MXN:
15 NIO = 15 × 1.97306400918248 MXN = 29.5959601377372 MXN
Nicaraguan Córdoba to Mexican Peso Conversion Table
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Nicaraguan Córdoba
The Nicaraguan Córdoba (NIO) is the official currency of Nicaragua, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Nicaraguan Córdoba was introduced in 1912, replacing the Nicaraguan peso. It has undergone several redenominations and reforms, with the current version being issued in 1998 to stabilize the economy after periods of inflation.
Current Use
Today, the Nicaraguan Córdoba is the primary legal tender in Nicaragua, used in all financial transactions, banking, and commerce across the country.
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.