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Maker to Mexican Peso Converter and calculator

Convert 1Maker (MKR) to Mexican Peso (MXN) equals $ 52,845.47 | Bitget
Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Maker(MKR) to Mexican Peso(MXN). This is the real-time data. The current conversion shows 1 MKR at a value of 1 MKR for 52,845.47 MXN . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

MXN information

About the Mexican Peso (MXN)

What Is the Mexican Peso (MXN)?

The Mexican Peso (MXN) is the official currency of Mexico. It is abbreviated as MXN and often represented by the symbol $ or Mex$. Originating from the Spanish dollar between the 15th and 19th centuries, the peso has evolved from a regional currency to a potent global financial instrument. The Mexican Peso is the sole legal tender in Mexico, and it is used for all transactions within the country.

The Mexican Peso is issued by the Bank of Mexico (Banco de México), which is the central bank of Mexico. Established in 1925, the Bank of Mexico is responsible for regulating the country's monetary policy, including the issuance and circulation of the national currency, the Mexican Peso (MXN). The central bank's responsibilities also encompass managing Mexico's currency reserves, controlling inflation, and ensuring the stability of the financial system.

What Is the History of MXN?

The peso's history is deeply intertwined with Spain's official currency, the "real," minted in silver. The term "peso," meaning "weight," referred to the silver weight of the currency. The most common denomination was the silver 8-real coin, which remained in circulation until the mid-19th century. Mexico's transition to paper money began in the early 20th century, with the Bank of Mexico established in 1925 to control currency circulation, exchange rates, and interest rates.

The 1980s were marked by hyperinflation and currency devaluation, leading to the introduction of the "Nuevo Peso" in 1993, valued at 1,000 old pesos. This change was a response to the economic challenges Mexico faced, including the impact of the 1970s oil crisis.

Notes and Coins of MXN

The Mexican Peso includes a diverse range of banknotes and coins, each showcasing the nation's rich history and culture. The banknotes feature prominent figures and landmarks, with denominations of 20, 50, 100, 200, 500, and 1000 Pesos. The coins, which come in denominations of 5, 10, 20, and 50 centavos, and 1, 2, 5, 10, and 20 Pesos, display Mexico's national emblem and other cultural symbols.

Global Standing

As of recent years, the Mexican Peso has become one of the most traded currencies in the world and is the most traded currency in Latin America. Its value and exchange rates are influenced by various factors, including Mexico's economic policies, global market sentiments, and its relationship with major economies like the United States.

Can You Use MXN in Other Countries?

The Mexican Peso, while primarily used within Mexico, may occasionally be accepted in certain areas outside the country, particularly in US border towns and some tourist destinations in the Caribbean or Central America, due to high cross-border traffic or tourism. However, its acceptance is limited and not a standard practice.

What Is the Relationship Between MXN and the United States?

The Mexican Peso's relationship with the United States is complex and deeply interwoven, primarily driven by extensive trade ties underpinned by the United States-Mexico-Canada Agreement (USMCA). As Mexico's largest trading partner, economic fluctuations and policy changes in the U.S. significantly impact the Peso's value. This interdependency is further highlighted by the substantial remittances sent from Mexican nationals working in the U.S., which form a crucial part of Mexico's economy. Additionally, the U.S. is a key source of foreign direct investment in Mexico, making the Peso sensitive to shifts in U.S. investor sentiment and monetary policy. Political decisions, especially regarding trade and immigration, also play a pivotal role in shaping the Peso's strength. Consequently, the Peso often reacts to economic developments and policy alterations in the U.S., reflecting the intricate economic and financial symbiosis between the two neighboring countries.

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Bitget crypto-to-fiat exchange data shows that the most popular Maker currency pair is the MKR to MXN, with for Maker's currency code being MKR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MXN.

MKR to MXN conversion rate trend

In the past 1D, Maker has changed +2.29% to MXN. Based on the trend and price charts, Maker(MKR) has changed +2.29% to MXN while Mexican Peso(MXN) has changed % to MKR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
0.0001% / 0.0004%vip-iconVIP
0.1000% / 0.1000%
0.080% / 0.100%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
Last updated 2024/04/21 06:00:33(UTC+0)

What factors influence the conversion rate of Maker to Mexican Peso?

Maker to Mexican Peso is rising this week.
Maker's current market price is $ 52,845.47 per MKR, with a total market cap of $ 48,867,114,628.65 MXN based on a circulating supply of 924,717.25 MKR. The trading volume of Maker has changed by -19.28% ($ -349,854,265.47 MXN) in the last 24 hours. Last trading day, MKR's trading volume was $ 1,814,389,776.42.
Market cap
24h volume
Circulating supply
924.72K MKR

Conversion tables

The exchange rate of Maker is decreasing.
1 MKR is currently valued at $ 52,845.47 MXN , which means buying 5 MKR will cost $ 264,227.33 MXN . Similarly, $1 MXN can be traded for 0.{4}1892 MKR, and $50 MXN can be converted to 0.0009462 MKR, excluding any platform or gas fees.
The exchange rate of 1 MKR to Mexican Peso has changed by +6.13% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.29%, reaching a high of 53,996.29 MXN and a low of 51,113.77 MXN . One month ago, the value of 1 MKR was $ 55,944.68 MXN , which represents a -5.54% change from its current value. Over the last year, Maker has changed by
, resulting in a change of +346.18% in its value.


06:04 am today
0.5 MKR
10 MKR
50 MKR
100 MKR
500 MKR
1000 MKR


Amount06:04 am today
0.5MXN0.{5}9462  MKR
1MXN0.{4}1892  MKR
5MXN0.{4}9462  MKR
10MXN0.0001892  MKR
50MXN0.0009462  MKR
100MXN0.001892  MKR
500MXN0.009462  MKR
1000MXN0.01892  MKR

Today vs. 24 hours ago

Amount06:04 am today24 hours ago24h change
0.5 MKR$1,545.14$1,510.63
1 MKR$3,090.29$3,021.26
5 MKR$15,451.44$15,106.3
10 MKR$30,902.88$30,212.6
50 MKR$154,514.39$151,062.98
100 MKR$309,028.78$302,125.95
500 MKR$1,545,143.9$1,510,629.75
1000 MKR$3,090,287.8$3,021,259.5

Today vs. 1 month ago

Amount06:04 am today1 month ago1M change
0.5 MKR$1,545.14$1,635.76
1 MKR$3,090.29$3,271.52
5 MKR$15,451.44$16,357.62
10 MKR$30,902.88$32,715.23
50 MKR$154,514.39$163,576.15
100 MKR$309,028.78$327,152.3
500 MKR$1,545,143.9$1,635,761.5
1000 MKR$3,090,287.8$3,271,523

Today vs. 1 year ago

Amount06:04 am today1 year ago1Y change
0.5 MKR$1,545.14$347.5
1 MKR$3,090.29$695
5 MKR$15,451.44$3,475
10 MKR$30,902.88$6,950
50 MKR$154,514.39$34,749.99
100 MKR$309,028.78$69,499.98
500 MKR$1,545,143.9$347,499.88
1000 MKR$3,090,287.8$694,999.76


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