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 it 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 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. After 2020, it has 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. However, it has depreciated to above MXN$19 after the general elections.
Mexican Peso Media
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.
Spanish Dollar.
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.
Peseta or 25 centavos, 1889.
Quinto or 5 centavos, 1904.
2-peso centennial commemorative, 1921.
Tostón or 50 centavos, 1919.
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