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Currency Converter Result for 1 MXN to JPY rate.


1 MXN
Mexican Peso (MXN)
= 9.44716 JPY
Japanese Yen (JPY)
1 MXN = 9.44716 JPY   1 JPY = 0.10585 MXN

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When converting from Peso to Yen, it's important to note that exchange rates fluctuate constantly due to various factors such as economic conditions, geopolitical events, and market sentiment. Therefore, the Peso rate displayed may vary slightly from moment to moment. Rest assured, we strive to provide you with the most accurate and up-to-date Peso exchange rates available. Whether you're converting Peso to Yen for a vacation or monitoring currency fluctuations for investment purposes, our tool provides reliable data.

When looking at exchange rates, there will be tools you have to use to make your investment decisions. An integral tool is a currency converter. This currency converter will simply convert currency rates to the value of another. The Peso exchange rate used is taken daily from European Central Bank rates.

 

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One of the oldest currencies of North America, the Mexican Peso, first introduced as the country’s official currency in 1863, originated from the Spanish dollar, which was used during the colonial period. Various modifications throughout history reflected Mexican states’ unstable economic and political life and changing relationships with major economic players of the time.

The MXN is substantial in the global foreign exchange market as one of the most traded of emerging market currencies. Its rate is affected by factors common to most currencies, such as interest rates, inflation, and economic policies, and also by Mexico’s economic indicators, notably its trade balance and oil prices, as Mexico is one of the main oil exporters. Mexico’s U.S. economic relations and its high trade dependence measured through NAFTA and its successor, the United States-Mexico-Canada Agreement, make the MXN highly sensitive to economic changes in the U.S. and changes in the dynamics of their relationship.

 

The Japanese Yen, with currency code JPY, is the official currency of Japan, a country on the continent of Asia. The central bank of Japan is responsible for issuing and regulating the currency.

Bank of Japan is situated in Tokyo and was established in 1882. The main purposes of this bank are to stabilize the price change and maintain the work of the financial systems. BOJ is also in operation to further influence economic growth and stability. As one of the most traded currencies on the FX market, the Yen is seen as a safe-haven currency in times of economic uncertainty. This is supported by the fact that Japan has a large foreign exchange reserve and is stable, and has a stable inflation rate.

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