Mexican peso

The Mexican peso (symbol: $; code: MXN) is the currency of Mexico. Modern peso and dollar currencies have a common origin in the 15th–19th century Spanish dollar, most continuing to use its sign, "$".[1] The Mexican peso is the 15th 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.[2]

Mexican peso
Peso Mexicano (Spanish)
ISO 4217
CodeMXN
Number484
Exponent2
Denominations
Subunit
1/100centavo
Symbol$ , MX$, or Mex$
centavo¢
Banknotes
Freq. used$20, $50, $100, $200, $500
Rarely used$1,000
Coins
Freq. used$1, $2, $5, $10
Rarely used10¢, 20¢, 50¢, $20, $50, $100
Demographics
User(s) 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
Inflation3.95% (July 2019)
SourceBanco de Mexico, July 2019

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 "¢". As of 9 December 2020, the peso's exchange rate was $23.97 per euro and $19.83 per U.S. dollar.[3]