Mexican peso
The Mexican peso (symbol: $; code: MXN) is the currency of Mexico. Modern peso and dollar currencies have a common origin in the 16th–19th century Spanish dollar, most continuing to use its sign, "$".
| Peso Mexicano (Spanish) | |
|---|---|
| ISO 4217 | |
| Code | MXN (numeric: 484) |
| Subunit | 0.01 |
| Unit | |
| Symbol | $ or Mex$ |
| Denominations | |
| Subunit | |
| 1⁄100 | centavo |
| Symbol | |
| centavo | ¢ |
| Banknotes | |
| Freq. used | $20, $50, $100, $200, $500 |
| Rarely used | $1,000 |
| Coins | |
| Freq. used | 50¢, $1, $2, $5, $10, $20 |
| Rarely used | 5¢, 10¢, 20¢, $50, $100 (no longer minted, still legal tender) |
| Demographics | |
| User(s) | Mexico |
| Issuance | |
| Central bank | Bank of Mexico |
| Website | www |
| Printer | Bank of Mexico |
| Website | www |
| Mint | Casa de Moneda de México |
| Website | www |
| Valuation | |
| Inflation | 7.65% (June 2022) |
| Source | Banco de Mexico, June 2022 |
The current ISO 4217 code for the peso is MXN; prior to the 1993 revaluation, the code MXP was used. The peso is subdivided into 100 centavos, represented by "¢". The Mexican peso is the 16th most traded currency in the world, the third most traded currency from the Americas (after the United States dollar and Canadian dollar), and the most traded currency from Latin America. As of 29 January 2024, the peso's exchange rate was $18.65 per euro, $17.22 per U.S. dollar, and $12.83 per Canadian dollar.
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