Indian Rupee to Mexican Peso — exchange rate

The Indian rupee (international symbol s:₹ , Re, Rs (plural), code: INR, number: 356) is the national currency of India. Bhutan, Nepal and some other Asian countries use the currency unofficially. The Indian rupee is measured in paisa.

The current INR has 100 paisa. The currency was issued in 1845, and replaced the Danish Indian rupee. However, the currency with the same name had been used before that. First mentions of this unit go back to the 6th century BC. This fact makes INR one of the most ancient currencies of the world. The word “rupee” is translated as “made of silver”.

The Mexican peso (symbol: $, code: MXN, number: 484 ) is the official currency of Mexico. Its notes and coins are not used in other countries. A widespread international name for the currency used on the exchange market and in exchange offices is MXN.

Mexican peso can be subdivided into centavos. Every MXN has 100 centavos. The currency first appeared in 1993 and replaced the Mexican reals. Up until 1999 the currency had been called the new Mexican peso. As soon as this currency appeared, it became a catalyzer for a large-scale financial crisis. Real had gone through inflation before, but the consequences of the 1992 crisis become fatal for the old monetary unit.