MXN to PKR Currency Converter - 1 Mexico Pesos To Pakistan Rupee

MXN to PKR

The exchange rate of Mexico Peso MXN to Pakistani Rupee PKR is around 0. First of all, we will consider the relationship between Mexico and Pakistan. There have been observed weak economic relations between Mexico and Pakistan. Both countries share unstable trade flows as well.

Pakistan’s major exports to Mexico are textile items like denim, fabric as woven cotton, trousers, rice, cotton, and some medical instruments. The major imports from Mexico are machinery, electrical appliances, and raw material such as zinc, steel, and phosphoric acid. On the other hand, Mexico's major exports to Pakistan include automotive parts as well as industrial tubes.

According to the Mexican ambassador, sustainable relations can be built between both countries through double taxation and property rights. As Pakistan is considered rich in natural resources, it would be a great initiative for Mexico to start investments and new businesses in Pakistan. By identifying potential investments and new business ideas, strong relations could be built between Mexico and Pakistan. However, untraditional Mexican culture and the market can be beneficial for Pakistan’s industrial sector.

MXN

The abbreviation for Mexican Peso is MXN. It is officially the currency of Mexico. This MXN currency is made up of 100 centavos. The representative symbol of the Mexican Peso is $ or Mex$. The results of the research show that the Mexican Peso is the fifteenth most traded currency in the world. Mexican Peso is the third most traded currency for America. The word “Peso” is derived from a Mexican word “ Pesos” means weights such as gold and silver weights.

Consequently, because of the geological and global scenarios, the Mexican Peso rate fluctuates in the emerging currencies market. Today, the Mexican Peso is issued in nine different kinds of banknotes. Moreover, there have been nine coins in terms of value ranging from 5 centavos to 1,000 pesos. In the foreign exchange market, Mexican Peso is considered as a “free-floating” currency.

PKR

The Pakistani Rupee is the officially used currency of Pakistan. Pakistani Rupee representative symbol is “Rs”. The word Rupee is derived from Sanskrit words “Rupaya” or “Rupaye”, which means “a coin of silver”. The banknotes and coins are issued and controlled by the central bank, “State Bank of Pakistan”. Because of the unstable economy of Pakistan, foreign investors became unresponsive towards making any investments in the country. It clearly shows that devaluation of currency negatively impacts the economy of the country.

Unfortunately, Pakistan’s economy is getting weak from the past few years. The Pakistan economy shows signs of threats as some sectors of the economy failed to show a positive impact of growth. However, some studies have shown that the devaluation of the Pakistani Rupee somehow benefits the export with other countries.

For a short period of time, currency devaluation helps to boost the exports of the country. But this cannot be included in a long-lasting approach for boosting the exports. On the other hand, imports become expensive as it directly affects the balance of payments section of the country. Pakistan should revise its economic planning to become stronger in the international market.

MXN to PKR

The Mexican economy is stronger than that of Pakistan. Also, the demand for MXN is greater than that of PKR in the international market. All these factors contribute to make MXN a better currency than PKR. 1 MXN is almost equal to 0 Pakistani Rupees.