Mexican Peso to Chilean Peso — exchange rate

Country of Circulation: Mexico

Currency Code, Symbol: MXN, $

Denominations of coins in circulation: 50¢, $1, $2, $5, $10, $20

Denominations of banknotes in circulation: $20, $50, $100, $200, $500

History: 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.Read More

Country of Circulation: Chile

Currency Code, Symbol: CLP, $

Denominations of coins in circulation: 1000, 2000, 5000, 10,000, 20,000 pesos

Denominations of banknotes in circulation: 1, 5, 10, 50, 100, 500 pesos

History: The Chilean peso ($) is the national currency issued and spread only in Chile. The currency name can be simplified to CLP. The Chilean peso can be changed into coins named centavo.Every CLP has 100 centavos. The currency appeared in circulation in 1817, but was later replaced with escudo. However, the Chilean peso was issued again. Today, both currencies are used at the same time. In 2008, the state mint has issued 50 commemorative coins with a misspelling of the country’s name. Some of these coins were sold at auction. Having a face value of 50 peso, their price could go up to 20 thousand peso. This nuisance led to the fact that the head of the mint was fired.Read More