Mexican Peso to Nigerian Naira — 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: Nigeria

Currency Code, Symbol: NGN, ₦

Denominations of coins in circulation: 50 kobo, ₦1, ₦2

Denominations of banknotes in circulation: ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, ₦1000

History: The Nigerian naira (₦) is the national currency of Nigeria, a state located in Africa. The currency does not circulate in other countries. In international currency exchange, it is usually abbreviated to NGN.The Nigerian naira can be subdivided into kobo. Every NGN has 100 kobo. The currency has first been issued in 1973, replacing the Nigerian pound. In 2014, the Treasury of Nigeria issued a series of commemorative banknotes worth 100 naira. The notes have a new design, an additional level of protection, and a code that refers you to a site with the history of the country.Read More