LIVE MXN TO NGN RATE

Mexican Peso to Nigerian Naira rate is live on this page. MXN to NGN and its inverted exchange rate NGN to MXN are updated during market working hours.

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Live USD To MXN Rate.

Live USD To NGN Rate.

Some amounts at the snapped MXN to NGN exchange rate:

As of March 30, 2023 9:07 am London Time.

1 MXN = 25.45 NGN
2 MXN = 50.91 NGN. 3 MXN = 76.36 NGN. 4 MXN = 101.82 NGN. 5 MXN = 127.27 NGN. 6 MXN = 152.72 NGN. 7 MXN = 178.18 NGN. 8 MXN = 203.63 NGN. 9 MXN = 229.09 NGN.

10 MXN = 254.54 NGN
11 MXN = 279.99 NGN. 12 MXN = 305.45 NGN. 13 MXN = 330.90 NGN. 14 MXN = 356.36 NGN. 15 MXN = 381.81 NGN. 16 MXN = 407.26 NGN. 17 MXN = 432.72 NGN. 18 MXN = 458.17 NGN. 19 MXN = 483.62 NGN.

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20 MXN = 509.08 NGN
21 MXN = 534.53 NGN. 22 MXN = 559.99 NGN. 23 MXN = 585.44 NGN. 24 MXN = 610.89 NGN. 25 MXN = 636.35 NGN. 26 MXN = 661.80 NGN. 27 MXN = 687.26 NGN. 28 MXN = 712.71 NGN. 29 MXN = 738.16 NGN.

30 MXN = 763.62 NGN
31 MXN = 789.07 NGN. 32 MXN = 814.53 NGN. 33 MXN = 839.98 NGN. 34 MXN = 865.43 NGN. 35 MXN = 890.89 NGN. 36 MXN = 916.34 NGN. 37 MXN = 941.80 NGN. 38 MXN = 967.25 NGN. 39 MXN = 992.70 NGN.

40 MXN = 1,018.16 NGN
41 MXN = 1,043.61 NGN. 42 MXN = 1,069.07 NGN. 43 MXN = 1,094.52 NGN. 44 MXN = 1,119.97 NGN. 45 MXN = 1,145.43 NGN. 46 MXN = 1,170.88 NGN. 47 MXN = 1,196.34 NGN. 48 MXN = 1,221.79 NGN. 49 MXN = 1,247.24 NGN.

50 MXN = 1,272.70 NGN
51 MXN = 1,298.15 NGN. 52 MXN = 1,323.60 NGN. 53 MXN = 1,349.06 NGN. 54 MXN = 1,374.51 NGN. 55 MXN = 1,399.97 NGN. 56 MXN = 1,425.42 NGN. 57 MXN = 1,450.87 NGN. 58 MXN = 1,476.33 NGN. 59 MXN = 1,501.78 NGN.

60 MXN = 1,527.24 NGN
61 MXN = 1,552.69 NGN. 62 MXN = 1,578.14 NGN. 63 MXN = 1,603.60 NGN. 64 MXN = 1,629.05 NGN. 65 MXN = 1,654.51 NGN. 66 MXN = 1,679.96 NGN. 67 MXN = 1,705.41 NGN. 68 MXN = 1,730.87 NGN. 69 MXN = 1,756.32 NGN.

70 MXN = 1,781.78 NGN
71 MXN = 1,807.23 NGN. 72 MXN = 1,832.68 NGN. 73 MXN = 1,858.14 NGN. 74 MXN = 1,883.59 NGN. 75 MXN = 1,909.05 NGN. 76 MXN = 1,934.50 NGN. 77 MXN = 1,959.95 NGN. 78 MXN = 1,985.41 NGN. 79 MXN = 2,010.86 NGN.

80 MXN = 2,036.32 NGN
81 MXN = 2,061.77 NGN. 82 MXN = 2,087.22 NGN. 83 MXN = 2,112.68 NGN. 84 MXN = 2,138.13 NGN. 85 MXN = 2,163.59 NGN. 86 MXN = 2,189.04 NGN. 87 MXN = 2,214.49 NGN. 88 MXN = 2,239.95 NGN. 89 MXN = 2,265.40 NGN.

90 MXN = 2,290.85 NGN
91 MXN = 2,316.31 NGN. 92 MXN = 2,341.76 NGN. 93 MXN = 2,367.22 NGN. 94 MXN = 2,392.67 NGN. 95 MXN = 2,418.12 NGN. 96 MXN = 2,443.58 NGN. 97 MXN = 2,469.03 NGN. 98 MXN = 2,494.49 NGN. 99 MXN = 2,519.94 NGN.

100 MXN = 2,545.39 NGN
110 MXN = 2,799.93 NGN. 120 MXN = 3,054.47 NGN. 130 MXN = 3,309.01 NGN. 140 MXN = 3,563.55 NGN. 150 MXN = 3,818.09 NGN. 160 MXN = 4,072.63 NGN. 170 MXN = 4,327.17 NGN. 180 MXN = 4,581.71 NGN. 190 MXN = 4,836.25 NGN.

200 MXN = 5,090.79 NGN
210 MXN = 5,345.33 NGN. 220 MXN = 5,599.87 NGN. 230 MXN = 5,854.41 NGN. 240 MXN = 6,108.95 NGN. 250 MXN = 6,363.49 NGN. 260 MXN = 6,618.02 NGN. 270 MXN = 6,872.56 NGN. 280 MXN = 7,127.10 NGN. 290 MXN = 7,381.64 NGN.

300 MXN = 7,636.18 NGN
310 MXN = 7,890.72 NGN. 320 MXN = 8,145.26 NGN. 330 MXN = 8,399.80 NGN. 340 MXN = 8,654.34 NGN. 350 MXN = 8,908.88 NGN. 360 MXN = 9,163.42 NGN. 370 MXN = 9,417.96 NGN. 380 MXN = 9,672.50 NGN. 390 MXN = 9,927.04 NGN.

400 MXN = 10,181.58 NGN
410 MXN = 10,436.12 NGN. 420 MXN = 10,690.66 NGN. 430 MXN = 10,945.19 NGN. 440 MXN = 11,199.73 NGN. 450 MXN = 11,454.27 NGN. 460 MXN = 11,708.81 NGN. 470 MXN = 11,963.35 NGN. 480 MXN = 12,217.89 NGN. 490 MXN = 12,472.43 NGN.

500 MXN = 12,726.97 NGN
510 MXN = 12,981.51 NGN. 520 MXN = 13,236.05 NGN. 530 MXN = 13,490.59 NGN. 540 MXN = 13,745.13 NGN. 550 MXN = 13,999.67 NGN. 560 MXN = 14,254.21 NGN. 570 MXN = 14,508.75 NGN. 580 MXN = 14,763.29 NGN. 590 MXN = 15,017.83 NGN.

600 MXN = 15,272.36 NGN
610 MXN = 15,526.90 NGN. 620 MXN = 15,781.44 NGN. 630 MXN = 16,035.98 NGN. 640 MXN = 16,290.52 NGN. 650 MXN = 16,545.06 NGN. 660 MXN = 16,799.60 NGN. 670 MXN = 17,054.14 NGN. 680 MXN = 17,308.68 NGN. 690 MXN = 17,563.22 NGN.

700 MXN = 17,817.76 NGN
710 MXN = 18,072.30 NGN. 720 MXN = 18,326.84 NGN. 730 MXN = 18,581.38 NGN. 740 MXN = 18,835.92 NGN. 750 MXN = 19,090.46 NGN. 760 MXN = 19,345.00 NGN. 770 MXN = 19,599.53 NGN. 780 MXN = 19,854.07 NGN. 790 MXN = 20,108.61 NGN.

800 MXN = 20,363.15 NGN
810 MXN = 20,617.69 NGN. 820 MXN = 20,872.23 NGN. 830 MXN = 21,126.77 NGN. 840 MXN = 21,381.31 NGN. 850 MXN = 21,635.85 NGN. 860 MXN = 21,890.39 NGN. 870 MXN = 22,144.93 NGN. 880 MXN = 22,399.47 NGN. 890 MXN = 22,654.01 NGN.

900 MXN = 22,908.55 NGN
910 MXN = 23,163.09 NGN. 920 MXN = 23,417.63 NGN. 930 MXN = 23,672.17 NGN. 940 MXN = 23,926.71 NGN. 950 MXN = 24,181.24 NGN. 960 MXN = 24,435.78 NGN. 970 MXN = 24,690.32 NGN. 980 MXN = 24,944.86 NGN. 990 MXN = 25,199.40 NGN.

1000 MXN = 25,453.94 NGN
1100 MXN = 27,999.34 NGN. 1200 MXN = 30,544.73 NGN. 1300 MXN = 33,090.12 NGN. 1400 MXN = 35,635.52 NGN. 1500 MXN = 38,180.91 NGN. 1600 MXN = 40,726.31 NGN. 1700 MXN = 43,271.70 NGN. 1800 MXN = 45,817.09 NGN. 1900 MXN = 48,362.49 NGN.

2000 MXN = 50,907.88 NGN
2100 MXN = 53,453.28 NGN. 2200 MXN = 55,998.67 NGN. 2300 MXN = 58,544.07 NGN. 2400 MXN = 61,089.46 NGN. 2500 MXN = 63,634.85 NGN. 2600 MXN = 66,180.25 NGN. 2700 MXN = 68,725.64 NGN. 2800 MXN = 71,271.04 NGN. 2900 MXN = 73,816.43 NGN.

3000 MXN = 76,361.82 NGN
3100 MXN = 78,907.22 NGN. 3200 MXN = 81,452.61 NGN. 3300 MXN = 83,998.01 NGN. 3400 MXN = 86,543.40 NGN. 3500 MXN = 89,088.80 NGN. 3600 MXN = 91,634.19 NGN. 3700 MXN = 94,179.58 NGN. 3800 MXN = 96,724.98 NGN. 3900 MXN = 99,270.37 NGN.

4000 MXN = 101,815.77 NGN
4100 MXN = 104,361.16 NGN. 4200 MXN = 106,906.55 NGN. 4300 MXN = 109,451.95 NGN. 4400 MXN = 111,997.34 NGN. 4500 MXN = 114,542.74 NGN. 4600 MXN = 117,088.13 NGN. 4700 MXN = 119,633.53 NGN. 4800 MXN = 122,178.92 NGN. 4900 MXN = 124,724.31 NGN.

5000 MXN = 127,269.71 NGN
5100 MXN = 129,815.10 NGN. 5200 MXN = 132,360.50 NGN. 5300 MXN = 134,905.89 NGN. 5400 MXN = 137,451.28 NGN. 5500 MXN = 139,996.68 NGN. 5600 MXN = 142,542.07 NGN. 5700 MXN = 145,087.47 NGN. 5800 MXN = 147,632.86 NGN. 5900 MXN = 150,178.26 NGN.

6000 MXN = 152,723.65 NGN
6100 MXN = 155,269.04 NGN. 6200 MXN = 157,814.44 NGN. 6300 MXN = 160,359.83 NGN. 6400 MXN = 162,905.23 NGN. 6500 MXN = 165,450.62 NGN. 6600 MXN = 167,996.01 NGN. 6700 MXN = 170,541.41 NGN. 6800 MXN = 173,086.80 NGN. 6900 MXN = 175,632.20 NGN.

7000 MXN = 178,177.59 NGN
7100 MXN = 180,722.98 NGN. 7200 MXN = 183,268.38 NGN. 7300 MXN = 185,813.77 NGN. 7400 MXN = 188,359.17 NGN. 7500 MXN = 190,904.56 NGN. 7600 MXN = 193,449.96 NGN. 7700 MXN = 195,995.35 NGN. 7800 MXN = 198,540.74 NGN. 7900 MXN = 201,086.14 NGN.

8000 MXN = 203,631.53 NGN
8100 MXN = 206,176.93 NGN. 8200 MXN = 208,722.32 NGN. 8300 MXN = 211,267.71 NGN. 8400 MXN = 213,813.11 NGN. 8500 MXN = 216,358.50 NGN. 8600 MXN = 218,903.90 NGN. 8700 MXN = 221,449.29 NGN. 8800 MXN = 223,994.69 NGN. 8900 MXN = 226,540.08 NGN.

9000 MXN = 229,085.47 NGN
9100 MXN = 231,630.87 NGN. 9200 MXN = 234,176.26 NGN. 9300 MXN = 236,721.66 NGN. 9400 MXN = 239,267.05 NGN. 9500 MXN = 241,812.44 NGN. 9600 MXN = 244,357.84 NGN. 9700 MXN = 246,903.23 NGN. 9800 MXN = 249,448.63 NGN. 9900 MXN = 251,994.02 NGN.

10000 MXN = 254,539.42 NGN
10100 MXN = 257,084.81 NGN. 10200 MXN = 259,630.20 NGN. 10300 MXN = 262,175.60 NGN. 10400 MXN = 264,720.99 NGN. 10500 MXN = 267,266.39 NGN. 10600 MXN = 269,811.78 NGN. 10700 MXN = 272,357.17 NGN. 10800 MXN = 274,902.57 NGN. 10900 MXN = 277,447.96 NGN.

11000 MXN = 279,993.36 NGN
11100 MXN = 282,538.75 NGN. 11200 MXN = 285,084.15 NGN. 11300 MXN = 287,629.54 NGN. 11400 MXN = 290,174.93 NGN. 11500 MXN = 292,720.33 NGN. 11600 MXN = 295,265.72 NGN. 11700 MXN = 297,811.12 NGN. 11800 MXN = 300,356.51 NGN. 11900 MXN = 302,901.90 NGN.

12000 MXN = 305,447.30 NGN
12100 MXN = 307,992.69 NGN. 12200 MXN = 310,538.09 NGN. 12300 MXN = 313,083.48 NGN. 12400 MXN = 315,628.88 NGN. 12500 MXN = 318,174.27 NGN. 12600 MXN = 320,719.66 NGN. 12700 MXN = 323,265.06 NGN. 12800 MXN = 325,810.45 NGN. 12900 MXN = 328,355.85 NGN.

13000 MXN = 330,901.24 NGN
13100 MXN = 333,446.63 NGN. 13200 MXN = 335,992.03 NGN. 13300 MXN = 338,537.42 NGN. 13400 MXN = 341,082.82 NGN. 13500 MXN = 343,628.21 NGN. 13600 MXN = 346,173.60 NGN. 13700 MXN = 348,719.00 NGN. 13800 MXN = 351,264.39 NGN. 13900 MXN = 353,809.79 NGN.

14000 MXN = 356,355.18 NGN
14100 MXN = 358,900.58 NGN. 14200 MXN = 361,445.97 NGN. 14300 MXN = 363,991.36 NGN. 14400 MXN = 366,536.76 NGN. 14500 MXN = 369,082.15 NGN. 14600 MXN = 371,627.55 NGN. 14700 MXN = 374,172.94 NGN. 14800 MXN = 376,718.33 NGN. 14900 MXN = 379,263.73 NGN.

15000 MXN = 381,809.12 NGN

Why are exchange rates changing?

Currency graphs have been hyperactive with high jumps and low dips lately. This fluctuation is normal and is governed by supply and demand. Currency exchange involves the buying and selling of the world's monies vis-à-vis any other commodity. If the need for a particular country's currency is high, the high demand leads to a higher forex rate, and vice versa.

But the demand and supply of the world's currencies are influenced by many other factors.

Just like the demand and supply of oil is influenced by the number of vehicles on the road or the technological efficiency in the production of that oil, money has similar determinants. They range from monetary policies to politics and other factors that affect the economy.

Changing inflation rates

Inflation rates are direct indicators of the purchasing power of a country's currency. If the inflation rate is high in your country, you might need more money to buy a cup of coffee now than you did last year. If it is low, the same cup of coffee will cost surprisingly lower.

High inflation rates indicate a weakening economy, while low inflation rates denote a strengthening economy. Currency values rise when the inflation rate is lower, and the economy is stronger. They fall when inflation rises.

Different political climates

Economy and politics are tied at the hip. Bad political temperatures can lead to the weakening of a country's currency and cause it to trade for less in the forex market. That is why you find that 1 USD can be worth thousands in countries with unstable politics from Venezuela to Zimbabwe. When politics is bad, it destroys the business environment and productivity, leading to a weaker economy.

Politically sound countries, on the other hand, have an encouraging environment for investors and innovators. Their economy gets stronger, and the demand for their currencies increases. However, even politically stable countries can have rapid changes in exchange rates when nearing an election.

Changes in interest rates

Higher interest rate is another investor magnet. Let's say country A has a higher interest rate than country B. Lenders get high rates and investors are guaranteed a higher return on their investments in country A. This country will, therefore, attract more business from the outside and entrepreneurship from the inside than country B which has lower interest’s rates. The economy of country A will outperform that of country B, and it will see its currency value appreciate significantly.

Exports and imports

International trade affects the balance of trade between country A and B. It shows interest, dividend, and earnings made from the exchange of goods between those two countries. Country A would have a deficit of its buying more of country B's products.

This country would spend more currency than it receives from trading with country B. The excess demand for country B's currency drives up its value because it starts to become scarce. On the other hand, country A's currency value will start to decline because the world is oversupplied with it.

Domestic and international debt

Countries that operate on a deficit budget spend more than they make (collect in taxes). These countries often turn to internal or international borrowing to fill the gap in their finances and stimulate the economy.

However, that can lead to a massive public debt that discourages foreign investors and domestic entrepreneurs because large public debt drives up inflation and minimize returns on investment. The economy of such a country takes on a downturn. That eventuality leads to a weaker currency and a lower exchange rate.

Health risks, epidemics, and public fear

Much of the whipsawing currently happening in the Forex market is linked to the coronavirus. Health disasters like these wreak havoc to a country's economy and make it impossible to work. A lot of resources are directed towards the health issue, while other areas of the economy suffer.

Productivity is hugely impacted.

When it comes to ailments like influenza, malaria, and HIV AIDs, developed countries, have created better response strategies and lowered their infection rates. These countries boast of better economies as a result, and higher exchange rates in the Forex market.

But for a new epidemic that is affecting all parts of the world equally, exchange rates are dropping and rising based on individual country's response measures, death tolls, and progress in developing a cure vaccine.

The takeaway

Countless factors affect the demand and supply of a country's currency and in turn, the exchange rate. It all boils down to economic productivity and stability. Countries with stronger or strengthening economies will have a higher exchange rate (you will buy more foreign currency with their money) compared to countries with weaker or weakening economies.

Live MXN To NGN Rate

Some amounts at the snapped MXN to NGN exchange rate: