MXN vs TRY
🇹🇷1 MXN = 2.71 TRY
Rates as of 2026-07-22 · Source: European Central Bank
Quick Stats
Historical Comparison
MXN / TRY| Period | Then | Now | Change | Trend |
|---|---|---|---|---|
Source: European Central Bank via Frankfurter API
About MXN / TRY
🇲🇽 MXN — Mexican Peso
The Mexican Peso is the most traded currency in Latin America and among the most traded emerging market currencies globally. It is the eighth most traded currency in the world by daily turnover.
🇹🇷 TRY — Turkish Lira
The Turkish Lira is the official currency of Turkey. It has experienced significant volatility in recent years, making it a closely watched emerging market currency in global forex markets.
Key Factors Affecting MXN/TRY
🇲🇽 MXN Drivers
- Banxico (Bank of Mexico) interest rate decisions
- US-Mexico trade relations and USMCA
- Oil prices and Pemex production data
- Remittance flows from the US to Mexico
🇹🇷 TRY Drivers
- Central Bank of Turkey interest rate decisions
- Turkish inflation rates and economic policy
- Geopolitical developments in the region
- Foreign investment flows and current account balance
💡 Did You Know? — MXN
The Mexican peso was the first currency in the world to use the '$' sign, which was later adopted by the United States dollar.
💡 Did You Know? — TRY
Turkey redenominated its currency in 2005, removing six zeros — so 1,000,000 old Turkish lira became 1 new Turkish lira.
Economy Overview
🇲🇽 Mexico
Mexico has a large, diversified economy closely linked to the United States through trade and manufacturing. It is a major exporter of vehicles, electronics, and oil.
🇹🇷 Turkey
Turkey has a large and diversified economy, strategically positioned between Europe and Asia. It is a major manufacturer and exporter of textiles, automotive parts, and agricultural products.