The lowdown on the Mexican peso
AUD to MXN exchange rate
One Australian Dollar (AUD) currently exchanges at a rate of 10.84 Mexican Pesos (MXN). To see the latest exchange rates for Mexican Pesos, head over to our exchange rates page.
Heading to Central or South America on holidays? Check out our South American Travel Guide before you fly! Find out a bit more about the history of the Mexican Peso, and pick up some MXN for your upcoming trip to Mexico here.
All about Mexican Pesos
The Mexican Peso originates from the eight-real coins that were issued in Mexico during Spanish Colonial rule. Prior to this, the currency used in Mexico was known as the Mexican Real. The Peso eventually replaced the Real in 1863, however the two currencies circulated alongside each other for a time.
The Mexican Peso is one of the oldest currencies in North America, and was even accepted in Canada and the USA up until the late 1800s.
Up until the 1970s, the Mexican Peso was considered one of the most stable currencies within the Latin American region. However the oil boom and subsequent crash that occurred in Mexico from 1977 to 1981 caused the currency to severely inflate and devalue. This effect was felt well into the 1980s.
Following this, the Mexican Government released an economic strategy aimed at fostering economic stability and growth in the country. With this came the issue of a new currency, known as the Nuevo Peso (New Peso), with 1 New Peso being equal to 1000 MXP Pesos.
In 1996, the “nuevo'' was dropped from the name of the currency, and new banknotes were placed into circulation, with the value remaining the same.
Historic Australian Dollar to Mexican Peso rates
The exchange rate between the Mexican Peso and the Australian dollar has been reasonably stable for the last 10 years. For most of this time the Australian Dollar has purchased between 12 and 14 pesos. It reached higher levels at times between 2017 and 2018 but since then has declined to around 12.
Check out the below table for the historical conversion rates of the Australian Dollar to the Mexican Peso over the last 1, 3, 6, and 12 months.
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The information contained in this article has been compiled by Travelex from different external sources. The figures provided are indicative only and are there to provide an idea of the amount of travel money you may need during your trip. Travelex does not ensure the accuracy and completeness of the information shown. Nothing in this article is to be considered financial advice. Travelex Limited does not accept any liability for any loss or damage derived from any reliance on the information in this article. Travelex Limited (ABN 36 004 179 953, AFSL Number 222444) arranges for and sells Online Foreign Currency via its Online Ordering Facility. You should consider the Online Foreign Currency Product Disclosure Statement and Terms and Conditions before deciding whether to acquire the product.