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base info Sei

Sei to Mexican Peso Converter and calculator

Convert 1Sei (SEI) to Mexican Peso (MXN) equals $ 8.8 | Bitget

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 Sei currency pair is the SEI to MXN, with for Sei's currency code being SEI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MXN.

SEI to MXN conversion rate trend

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In the past 1D, Sei has changed +18.37% to MXN. Based on the trend and price charts, Sei(SEI) has changed +18.37% to MXN while Mexican Peso(MXN) has changed % to SEI in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$8.7
0.0001% / 0.0004%vip-iconVIP
Binance
$8.7
0.1000% / 0.1000%
Yes
Huobi
$8.86
0.1000% / 0.1000%
Yes
Gate.io
$8.7
0.1000% / 0.1000%
Yes
Bybit
$8.7
0.1000% / 0.1000%
Yes
KuCoin
$8.7
0.1000% / 0.1000%
Yes
Bitfinex
$8.57
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 20:00:33(UTC+0)

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

Sei to Mexican Peso is falling this week.
Sei's current market price is $ 8.8 per SEI, with a total market cap of $ 23,533,792,886.5 MXN based on a circulating supply of 2,675,000,000 SEI. The trading volume of Sei has changed by +34.07% ($ 1,091,469,229.87 MXN) in the last 24 hours. Last trading day, SEI's trading volume was $ 3,203,213,075.8.
Market cap
$1.41B
24h volume
$258.05M
Circulating supply
2.67B SEI

Conversion tables

The exchange rate of Sei is decreasing.
1 SEI is currently valued at $ 8.8 MXN , which means buying 5 SEI will cost $ 43.99 MXN . Similarly, $1 MXN can be traded for 0.1137 SEI, and $50 MXN can be converted to 5.68 SEI, excluding any platform or gas fees.
The exchange rate of 1 SEI to Mexican Peso has changed by -27.84% in the last 7 days. In the last 24 hours, the rate has fluctuated by +18.37%, reaching a high of 9.04 MXN and a low of 7.14 MXN . One month ago, the value of 1 SEI was $ 15.31 MXN , which represents a -42.72% change from its current value. Over the last year, Sei has changed by
+$
8.74MXN
, resulting in a change of --% in its value.

SEI to MXN

Amount
20:19 today
0.5 SEI
$4.4
1 SEI
$8.8
5 SEI
$43.99
10 SEI
$87.98
50 SEI
$439.88
100 SEI
$879.77
500 SEI
$4,398.84
1000 SEI
$8,797.68

MXN to SEI

Amount20:19 today
0.5MXN0.05683  SEI
1MXN0.1137  SEI
5MXN0.5683  SEI
10MXN1.14  SEI
50MXN5.68  SEI
100MXN11.37  SEI
500MXN56.83  SEI
1000MXN113.67  SEI
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Today vs. 24 hours ago

Amount20:19 today24 hours ago24h change
0.5 SEI$0.2643$0.2236
+18.37%
1 SEI$0.5286$0.4471
+18.37%
5 SEI$2.64$2.24
+18.37%
10 SEI$5.29$4.47
+18.37%
50 SEI$26.43$22.36
+18.37%
100 SEI$52.86$44.71
+18.37%
500 SEI$264.31$223.56
+18.37%
1000 SEI$528.61$447.12
+18.37%

Today vs. 1 month ago

Amount20:19 today1 month ago1M change
0.5 SEI$0.2643$0.4601
-42.72%
1 SEI$0.5286$0.9201
-42.72%
5 SEI$2.64$4.6
-42.72%
10 SEI$5.29$9.2
-42.72%
50 SEI$26.43$46.01
-42.72%
100 SEI$52.86$92.01
-42.72%
500 SEI$264.31$460.07
-42.72%
1000 SEI$528.61$920.14
-42.72%

Today vs. 1 year ago

Amount20:19 today1 year ago1Y change
0.5 SEI$0.2643$0.001774
--
1 SEI$0.5286$0.003548
--
5 SEI$2.64$0.01774
--
10 SEI$5.29$0.03548
--
50 SEI$26.43$0.1774
--
100 SEI$52.86$0.3548
--
500 SEI$264.31$1.77
--
1000 SEI$528.61$3.55
--

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.