There are many countries which use a Peso as their currency unit and also many countries which use a Dollar. You need to specify the two countries if you wish to get a sensible answer.
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700,000 Pesos.
0.85
At the time of answering, according to the currency website 'Xe'... 1,200,000 MXN = 99,196.10 USD
0.75
It would be 3.96 million dallars - or dollars.