Meaning of MXN
What is MXN:
MXN is a nomenclature to refer to Mexico, especially to indicate the currency of that country: the Mexican peso.
MXN is generally used to indicate the change from the Mexican peso (MXN) to other currencies such as the US dollar (USD) or the euro (EUR).
Each country has a specific nomenclature for its national currency, for example, COP for the Colombian peso or CLP for the Chilean peso.
The Mexican currency expressed with the letters MXN, like all world currencies, are subject to exchange rates that will determine the value it has with respect to the currency of another country.
For example, to change from Mexican pesos to US dollars, generally expressed as: "MXN to USD", the exchange rate must first be taken into account.
For example, if the exchange rate indicates that 1 US dollar (USD) is equal to 21 Mexican pesos (MXN), to find out how much 100 Mexican pesos are worth, divide the 100 by 21 being 4,761 US dollars. This can be expressed as follows:
100 MXN = 4.761 USD
If, on the other hand, we want to know how much 100 US dollars are worth in Mexican pesos, following the example of the previous exchange rate, we must multiply the 100 by 21, which results in 2,100 Mexican pesos. We can write this in the following way:
100 USD = 2,100 MXN
MXN is also informally used as an abbreviation for Mexico.