Course EUR(Euro)-MXN(Mexican Peso) for today

Euro

The central bank in Europe is called the European Central Bank (ECB). Currently, 17 EU member states have adopted the Euro. It is the second-most traded currency on the forex market, after the US Dollar, and also a major global reserve currency. Other common names for the Euro include Yoyo (Irish English), Leru (Spanish), and Ege (Finnish).

• Central bank: The European Central Bank
• The euro is used by over 320 million Europeans and 17 nations in the eurozone (euro area).
• Over 175 million people use currencies pegged to the euro, such as the Danish krona (DKK) and West African CFA franc (XOF).
• Eurozone economies vary widely. Germany is the largest economy, and a leading world exporter. Other economies (Ireland, Greece) endure sovereign debt and severe government austerity measures.

Mexican Peso

As one of the oldest currencies in North America, the original Mexican Peso followed the design of the Spanish silver dollar and eight-piece. It was an official legal tender in both USA (until 1857) and Canada (until 1854). The Peso was the descendant of the original eight pieces that the Spanish government had issued in Mexico, which Mexico continued to use as currency after independence. Originally a stable and safe currency, it helped inspire the design of the American Dollar, which was released at par with the Mexican Peso. In 1993, after several years of inflation and devaluation, the Bank of Mexico changed its monetary policies and introduced a new currency called the Nuevo Peso (New Peso). The value changed with 1,000 old Pesos becoming one Nuevo Peso. In 1996, the term 'Nuevo' was dropped, and it is now simply referred to as the Mexican Peso (MXN).

• Central bank: Bank of Mexico
• The peso (also called “dinero”) was a stable currency until Mexico defaulted on its external debt in 1982. Years of inflation, devaluation, and recession followed.
• In 1993, Mexico introduced the nuevo peso (“new peso”), equal to 1,000 obsolete MXP pesos. “Nuevo” was later dropped from the name.
• Mexico has free trade agreements with over 50 countries. It exports manufactured goods, oil, oil products, silver, fruits, vegetables, coffee, and cotton.