Convert Djiboutian Franc to Mexican Peso
Please provide values below to convert Djiboutian Franc [DJF] to Mexican Peso [MXN], or Convert Mexican Peso to Djiboutian Franc.
How to Convert Djiboutian Franc to Mexican Peso
1 DJF = 9.53224058956673 MXN
Example: convert 15 DJF to MXN:
15 DJF = 15 × 9.53224058956673 MXN = 142.983608843501 MXN
Djiboutian Franc to Mexican Peso Conversion Table
| Djiboutian Franc | Mexican Peso |
|---|
Djiboutian Franc
The Djiboutian Franc (DJF) is the official currency of Djibouti, used for all monetary transactions within the country.
History/Origin
The Djiboutian Franc was introduced in 1949, replacing the French Franc at par, and has been the country's official currency since then, with its value maintained by the Central Bank of Djibouti.
Current Use
The DJF is widely used in Djibouti for everyday transactions, banking, and trade, and is pegged to the US dollar at a fixed rate to ensure stability.
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.