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Currency.Wiki
Updated 9 minutes ago
 MXN =
    TRY
 Mexican Peso =  Turkish Lira
Trending: MX$ exchange rates for the last 24 hours

MXN/TRY exchange rate analysis over the past 90 days

Mexican Peso to Turkish Lira exchange rate: Over the last 90 days, the Mexican Peso weakened by -1.13% against the Turkish Lira, declining from TL1.7234 to TL1.7042 per Mexican Peso. This trend reflects the evolving economic dynamics between the Mexico and the Turkey. Factors contributing to this weakening may include:

  • Trade Imbalances: Disparities in trade and investment between Mexico and Turkey.
  • Regulatory Decisions: Policies or regulations affecting currency exchange or trade balance between Mexico and Turkey.
  • Economic Challenges: Factors such as GDP contraction, rising unemployment, or increased inflation in the Mexico or Turkey.
  • Global Pressures: External economic or geopolitical events that may unfavorably impact the Mexico relative to the Turkey.

The foreign exchange market operates continuously, with currency values being influenced by a myriad of global economic, political, and financial occurrences.

MX$

Mexican Peso Currency

Country: Mexico

Symbol: MX$

ISO Code: MXN

Bank: Bank of Mexico

Interesting fact about Mexican Peso

The Mexican Peso (MXN) is the official currency of Mexico. It has a rich history dating back to the colonial era. The peso has played a significant role in Mexico's economy, serving as a symbol of national identity and reflecting the country's economic ups and downs. Today, it is widely accepted and used for daily transactions and international trade.

TL

Turkish Lira Currency

Country: Turkey

Symbol: TL

ISO Code: TRY

Bank: Central Bank of the Republic of Turkey

Interesting fact about Turkish Lira

The Turkish Lira (TRY) is the official currency of Turkey. It was first introduced in 1923 during the establishment of the modern Turkish Republic. Over the years, the Lira has faced periods of high inflation and numerous currency reforms. Today, it is a significant symbol of Turkey's economy and has a crucial role in trade, commerce, and daily transactions within the country.

Quick Conversion Guide

Frequently Asked Questions

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The Mexican Peso to Turkish Lira exchange rate is influenced by a variety of factors including economic data, political events, central bank decisions, market sentiment, and global financial news.
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Today conversion rate from 1 MXN to TRY is TL1.7.
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Yes, our site provides historical charts that show the trends and fluctuations in the Mexican Peso to Turkish Lira exchange rate over different time periods.
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While it's impossible to predict rates with certainty, staying informed about market trends and economic forecasts can help you make educated guesses.
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The exchange rate can fluctuate frequently due to the forex market's high volatility. It can change multiple times within a single day.