Mexican Peso to Thailand Baht — 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: Thailand

Currency Code, Symbol: THB, ฿

Denominations of coins in circulation: ฿1, ฿2, ฿5, ฿10

Denominations of banknotes in circulation: ฿20, ฿50, ฿100, ฿500, ฿1000

History: The Thai baht (sign: ฿, code: THB, number:764) is the official currency spread and issued in Thailand. It is not used for payment outside this Asian country. The THB abbreviation is widely known in the international arena.1 Thai baht corresponds to 100 coins called satang. There are coins worth 25 and 50 satang used as of today. The Thai baht started to spread as an official currency unit in 1928. The Siamese tical was used as a currency beforehand. Initially, baht was pretty common in Asia. People were using it not only for money, but as a unit of weight as well. Baht was common in Burma, Laos and Cambodia.Read More