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Mexican peso information


Mexican peso
Peso Mexicano (Spanish)
ISO 4217
CodeMXN (numeric: 484)
Subunit0.01
Unit
Symbol$ or Mex$[1]
Denominations
Subunit
1100centavo
Symbol
 centavo¢
Banknotes
 Freq. used$20, $50, $100, $200, $500
 Rarely used$1,000
Coins
 Freq. used$1, $2, $5, $10, $20
 Rarely used5¢, 10¢, 20¢, 50¢, $50, $100 (all of them no longer minted, still legal tender)
Demographics
User(s)Mexican peso Mexico
Issuance
Central bankBank of Mexico
 Websitewww.banxico.org.mx
PrinterBank of Mexico
 Websitewww.banxico.org.mx
MintCasa de Moneda de México
 Websitewww.cmm.gob.mx
Valuation
Inflation4.88% (2024)
 SourceBanco de Mexico
USD/MXN exchange rate.
Mexican peso crisis in 1994 was an unpegging and devaluation of the peso and happened the same year NAFTA was ratified.[2]

The Mexican peso (symbol: $; code: MXN) is the currency of Mexico. Modern peso and dollar currencies have a common origin in the 16th–19th century Spanish dollar, most continuing to use its sign, "$".[3]

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.[4] As of 16 April 2024, the peso's exchange rate was $18.11 per euro, $17.03 per U.S. dollar, and $12.26 per Canadian dollar.[5]

  1. ^ "World Bank Editorial Style Guide 2020 - page 137" (PDF). openknowledge.worldbank.org. Archived (PDF) from the original on 2022-08-02. Retrieved 2022-08-22.
  2. ^ "Distinguishing NAFTA from the Peso Crisis - The Southwest Economy, Issue 5, 1996" (PDF). Dallasfed.org. Archived (PDF) from the original on 16 July 2022. Retrieved 29 July 2022.
  3. ^ Corporation, Bonnier (1 February 1930). Popular Science. Bonnier Corporation. Retrieved 16 October 2017 – via Internet Archive.
  4. ^ "Triennial Central Bank Survey Foreign exchange turnover in April 2013 : preliminary global results : Monetary and Economic Department" (PDF). Bis.org. September 2013. Archived (PDF) from the original on 6 November 2021. Retrieved 16 October 2017.
  5. ^ "MXN - Mexican Peso rates, news, and tools". Xe.com. Archived from the original on 12 August 2016. Retrieved 21 January 2023.

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