What is MXN?

MXN as Mexican peso

Peso is the currency of Mexico. Each Mexican peso is subdivided into 100 centavos. The Mexican peso is the 13th most traded currency in the world. The most popular Mexican peso exchange rate is peso to USD. The Mexican peso symbol is $ or Mex$, centavo is ¢.

Currency fact sheet

Mexican currency fact sheet. Name Mexican peso ISO 4217 code MXN Sign, symbol $ Coin 5¢, 10¢, 20¢, 50¢, $1, $2, $5, $10, $20, $50, $100 Banknote $20, $50, $100, $200, $500, $1000 Central bank Bank of Mexico Nickname varos, morlacos, lucas, papiros, marimba, varonil, Sor Juana ($200 pesos note), devaluados, billullos, villancicos, benitos, villanos, del águila, bolas

More about...

More about the Mexican money.

On the 1st of January 1993 the Bank of Mexico introduced a new currency, the nuevo peso. The nuevo peso (new peso) was the result of hyperinflation in Mexico. Three zeros were stripped from the peso.

The transition was done over a period of three years, by having the people trade in their old notes, and by removing the old notes from circulation at the banks. Confusion was avoided by making the "nuevo peso" currency almost identical to the old "peso". Both of them circulated at the same time, while all currency that only said "peso" was removed from circulation.

The Banco de México (Bank of Mexico) then issued new currency with new graphics, also under the "nuevo peso". In 1996 the modifier nuevo was dropped from the name and new coins and banknotes – identical in every respect to the 1993 issue, with the exception of the now absent word "nuevo" – were put into circulation.

Exchange rates

What is the Mexican peso exchange rate today?

Central Bank of Mexico

Banco de México is the central bank of Mexico. By constitutional mandate, it is autonomous in both its operations and management. Its main function is to provide domestic currency to the Mexican economy and its main priority is to ensure the stability of the domestic currency’s purchasing power. Its other functions are to promote both the sound development of the financial system and the optimal functioning of the payment systems.

Monetary policy is the set of actions taken by Bank of Mexico to influence interest rates and inflation expectations in order to make price behavior consistent with the goal of ensuring an environment of low and stable inflation. By pursuing an environment of low and stable inflation, Bank of Mexico contributes to create the appropriate conditions for both sustained growth and the creation of permanent jobs.

In order to fulfill the constitutional mandate of providing the economy with domestic currency, Bank of Mexico issues banknotes and orders the minting of coins, and puts both into circulation.

Converters and rates

Easy to use currency converters and fresh exchange rates every weekday.

Look for further information about the Mexican peso by googling for mexico currency.

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