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MXN - Mexican Peso

Mexico, Peso

The Mexican Peso is the currency of Mexico. Our currency rankings show that the most popular Mexico Peso exchange rate is the MXN to USD rate. The currency code for Pesos is MXN, and the currency symbol is $. Below, you'll find Mexican Peso rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read Mexican Peso News, or take MXN rates on the go with our XE Currency Apps and website. More info 

Top MXN Exchange Rates

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Currency Facts

MXN Stats

Name: Mexican Peso

Symbol: $

Minor Unit:
1/100 = Cent

Top MXN Conversion:
MXN/USD

Top MXN Chart:
MXN/USD Chart

MXN Profile

Inflation: 4%

Nicknames: lana, varos, plata, bolas, lucas, feria, billete, pachocha, billullos, villancicos, villanos, del águila, morlacos, papiros, Marmaja

Coins:
Freq Used: $1, $2, $5, $10, 50
Rarely Used: $20, $50, $100, 5, 10, 20

Banknotes:
Freq Used: $20, $50, $100, $200, $500, $1000

Central Bank:
Bank of Mexico
Website: http://www.banxico.org.mx

Users: Mexico

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XE Currency Converter

Mexican Peso History

As one of the oldest currencies in North America, the original Mexican Peso followed the design of the Spanish silver dollar and eight-piece. It was an official legal tender in both USA (until 1857) and Canada (until 1854). The Peso was the descendant of the original eight pieces that the Spanish government had issued in Mexico, which Mexico continued to use as currency after independence. Originally a stable and safe currency, it helped inspire the design of the American Dollar, which was released at par with the Mexican Peso. In 1993, after several years of inflation and devaluation, the Bank of Mexico changed its monetary policies and introduced a new currency called the Nuevo Peso (New Peso). The value changed with 1,000 old Pesos becoming one Nuevo Peso. In 1996, the term 'Nuevo' was dropped, and it is now simply referred to as the Mexican Peso (MXN).

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