Mexican peso

The Symbol $ of Mexican Peso.

The Mexican Peso (sign: $; code: MXN) is the currency, or money, of Mexico. The symbol used for the peso is "$", which is the same as for the US dollars, which got its symbol from the Spanish-Mexican currency. It is one of the most traded currencies in the world. The current ISO 4217 code for the peso is MXN; before its value was changed in 1993, the code MXP was used. The peso is made up of 100 centavos, represented by "¢". The name comes from the Spanish words pesos oro (gold weights) or pesos plata (silver weights). The meaning of peso in English is weight.

Exchange rates

• Following the 1993 revaluation, the peso's official exchange rate was MXN$3 per US dollar.
• As a result of Mexico's currency crisis in 1994, the peso sharply depreciated from MXN$3.4 by try to MXN$7.2 in 1995.
• From 1998 to 2008, it traded within a range between MXN$8 and MXN$11 pesos per dollar.
• In early 2009, the peso briefly depreciated to MXN$15.56 after the 2008 financial crisis. It settled between MXN$12 and MXN$14 from then until 2014.
• In 2015, the peso depreciated from MXN$14.76 to MXN$17
• From 2016 to 2019, it traded between MXN$18 and MXN$20.
• In 2020, amidst the COVID-19 pandemic, the peso depreciated to it's all-time low of about MXN$25.
• From 2020 to 2024, it appreciated more than 30 percent. In early 2024, the peso strengthened to MXN$16.26 per dollar. This is largely due to near-shoring, foreign investment, remittences, and high interest rates to curb inflation.
• Shortly after the general elections in June 2024, the peso depreciated to over MXN$18. It continued to lose value throughout the rest of the year. It is currently trading between MXN$18 and MXN$20.

Mexican Peso Media

• USD to Mexican Peso exchange rate.webp

  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.

• Real de a ocho.jpg

  Spanish Dollar.

• 8 reales Mexico - 1840 GoPJ.png

  Silver peso or 8 reales of "cap and ray" design used for East Asian trade, 1840

• Front and back of an 1866 twenty-peso gold coin, depicting Maximilian I of Mexico.

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  Peseta or 25 centavos, 1889.

• 5 centavos Mexico 1904.PNG

  Quinto or 5 centavos, 1904.

• Peso Mexicano 1921.jpg

  2-peso centennial commemorative, 1921.

• 50 centavos de México de 1919 (anverso y reverso).JPG

  Tostón or 50 centavos, 1919.