The Mexican peso (symbol: $; code: MXN) is the official currency of Mexico. While the first peso was introduced in 1793, it was replaced by the new peso in 1993 at the rate of one new peso to 1000 old pesos. The peso is subdivided into 100 centavos, but these are rarely use. The currency is most commonly found in denominations of $20, $50, $100, $200, $500 bills and $1, $2, $5, $10 coins.
Mexican Peso Currency
Currency Exchange Rates
The Mexican peso is the third most traded currency from the Americas after the United States dollar (USD) and Canadian dollar (CAD). It is the most traded currency from Latin America. The Mexican peso has been steadily growing in strength since 2020. US Dollar (USD) to Mexican Peso (MXN) is the most commonly traded currency pair on the forex market, and the 9th most popular foreign currency exchange pair overall.