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Currency.Wiki
Updated 3 minutes ago
 ZAR =
    MXN
 South African Rand =  Mexican Pesos
Trending: R exchange rates for the last 24 hours
  • ZAR/USD 0.053491 -0.00429707
  • ZAR/EUR 0.051535 -0.00199420
  • ZAR/JPY 8.194778 -0.65711724
  • ZAR/GBP 0.042886 -0.00162406
  • ZAR/CHF 0.048408 -0.00202870
  • ZAR/MXN 1.096475 -0.04808471
  • ZAR/INR 4.660526 -0.21142295
  • ZAR/BRL 0.308051 -0.02090926
  • ZAR/CNY 0.389610 -0.02317888

ZAR/MXN exchange rate analysis over the past 90 days

South African Rand to Mexican Peso exchange rate: Over the last 90 days, the South African Rand weakened by -4.39% against the Mexican Peso, declining from MX$1.1446 to MX$1.0965 per South African Rand. This trend reflects the evolving economic dynamics between the Lesotho, Namibia, South Africa and the Mexico. Factors contributing to this weakening may include:

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

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

R

South African Rand Currency

Country: Lesotho, Namibia, South Africa

Symbol: R

ISO Code: ZAR

Bank: South African Reserve Bank

Interesting fact about South African Rand

The South African Rand (ZAR), introduced in 1961, is the official currency of Lesotho, Namibia, and South Africa. It plays a vital role in these countries' economies, facilitating trade and investment. The Rand's history includes movements influenced by economic conditions, political events, and global market trends. Today, it remains a significant currency in the region.

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.

Quick Conversion Guide

Frequently Asked Questions

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The South African Rand to Mexican Peso 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 ZAR to MXN is MX$1.1.
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Yes, our site provides historical charts that show the trends and fluctuations in the South African Rand to Mexican Peso 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.