Convert Burundian Franc to Mexican Peso
Please provide values below to convert Burundian Franc [BIF] to Mexican Peso [MXN], or Convert Mexican Peso to Burundian Franc.
How to Convert Burundian Franc to Mexican Peso
1 BIF = 159.245046716941 MXN
Example: convert 15 BIF to MXN:
15 BIF = 15 × 159.245046716941 MXN = 2388.67570075412 MXN
Burundian Franc to Mexican Peso Conversion Table
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Burundian Franc
The Burundian Franc (BIF) is the official currency of Burundi, used for everyday transactions within the country.
History/Origin
The Burundian Franc was introduced in 1964, replacing the Belgian Congo franc, following Burundi's independence. It has undergone various redenominations and inflation adjustments over the years.
Current Use
Today, the BIF is widely used in Burundi for all monetary transactions, with coins and banknotes issued by the Central Bank of Burundi. It remains the legal tender in the country.
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.