Convert Qatari Rial to Mexican Peso
Please provide values below to convert Qatari Rial [QAR] to Mexican Peso [MXN], or Convert Mexican Peso to Qatari Rial.
How to Convert Qatari Rial to Mexican Peso
1 QAR = 0.195234979242874 MXN
Example: convert 15 QAR to MXN:
15 QAR = 15 × 0.195234979242874 MXN = 2.92852468864312 MXN
Qatari Rial to Mexican Peso Conversion Table
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Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.