Swiss Franc in Mexican Peso

CHF Swiss Franc

Country of application:
Liechtenstein, Switzerland

Coin denominations in circulation:
5, 2 and 1 franc, as well as 50, 20, 10 and 5 rappen.

Denominations of banknotes in circulation:
1000, 200, 100, 50, 20 and 10 francs.

History reference:
The Swiss franc is the official currency of Switzerland. The history of the modern Swiss franc dates back to May 7, 1850. Until that day, the country did not have a single monetary system: 25 cantons... and half-cantons, 16 cities, and abbeys issued their own money. There were about 860 types of coins of various values and denominations in circulation. Moreover, most of the money circulation accounted for foreign money in general. The situation was changed by the constitution of 1848, in accordance with which a single national currency was introduced. Due to the flexible exchange rate, the strong development of the Swiss economy and the political stability of the country, the Swiss franc is one of the most stable currencies in the world, in high demand as a reserve. It traditionally refers to the currencies of tax havens or offshore zones, with zero inflation and legally fixed gold and foreign exchange reserves of at least 40%. However, this condition, introduced in the 1920s, was abolished on 1 May 2000 due to amendments to the Swiss Constitution. The high confidence of international investors is the reason for the upward trend in the exchange rate of the franc against most other national currencies.

MXN Mexican Peso

Country of application:
Mexico

Coin denominations in circulation:
100, 50, 20, 10, 5, 2, 1 pesos, 50, 20, 10 and 5 centavos.

Denominations of banknotes in circulation:
1000, 500, 200, 100, 50 and 20 Mexican pesos.

History reference:
The Mexican peso is the currency of the state of Mexico. In the 19th century, Spanish gold and silver coins of the Latin American region were one of the worlds currencies and were widely used in trad...e. In 1863, there was a transition to the decimal system: a coin of 8 reais (“Spanish dollar”) was called the peso