Convert Salvadoran Colón to Mexican Peso
Please provide values below to convert Salvadoran Colón [SVC] to Mexican Peso [MXN], or Convert Mexican Peso to Salvadoran Colón.
How to Convert Salvadoran Colón to Mexican Peso
1 SVC = 0.468743898906899 MXN
Example: convert 15 SVC to MXN:
15 SVC = 15 × 0.468743898906899 MXN = 7.03115848360348 MXN
Salvadoran Colón to Mexican Peso Conversion Table
| Salvadoran Colón | Mexican Peso |
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Salvadoran Colón
The Salvadoran Colón (SVC) was the official currency of El Salvador until 2001, used as the country's monetary unit for everyday transactions.
History/Origin
Introduced in 1892, the Salvadoran Colón replaced the peso and was used until 2001, when El Salvador adopted the United States dollar as its official currency. It was named after Christopher Columbus (Cristóbal Colón).
Current Use
The Salvadoran Colón is no longer in circulation; it was replaced by the US dollar in 2001 and is now obsolete, with no current use in transactions.
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.