Currency Rate
Mexican Peso to USD
Our Currency Rate MXN latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the MXN. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
MX$ 0.050063
Selling rate
MX$0.055374
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The Mexican Peso (symbol: $; code: MXN) is the official currency of Mexico.
Currency Details
- Country code MX
- Symbol MX$
- ISO Code MXN
- Subunits 1 Peso = 100 Centavos
Coins
- 5 centavos
- 10 centavos
- 20 centavos
- 50 centavos
- 1 peso
- 2 pesos
- 5 pesos
- 10 pesos
- 20 pesos
Banknotes
- 20 pesos
- 50 pesos
- 100 pesos
- 200 pesos
- 500 pesos
- 1000 pesos
The Mexican Peso (MXN), symbolized as $, is the official currency of Mexico. It is widely utilized across the country for various financial transactions.
History and Background
The Mexican Peso has been the official currency of Mexico since 1993, replacing the old Mexican peso (MXP). It is managed and issued by the Bank of Mexico (Banco de México).
Economic Significance
The MXN is crucial to Mexico's economy, facilitating trade, investment, and daily transactions. Mexico's economy is primarily driven by manufacturing, services, oil exports, and tourism.
Usage and Exchange
The Mexican Peso is widely accepted across Mexico for all transactions. For international visitors and expatriates, exchanging foreign currency for Mexican Pesos can be done at banks, exchange bureaus, and ATMs. Credit and debit cards are widely accepted, making transactions convenient for tourists.
Conclusion
The Mexican Peso is not just a currency; it is a symbol of Mexico's economic vitality, cultural richness, and historical heritage. Understanding the MXN is essential for anyone engaging with Mexico's economy, whether as a resident or a visitor. The stability and accessibility of the Mexican Peso play a significant role in the country's economic growth and development.
History and Background
The Mexican Peso has been the official currency of Mexico since 1993, replacing the old Mexican peso (MXP). It is managed and issued by the Bank of Mexico (Banco de México).
Economic Significance
The MXN is crucial to Mexico's economy, facilitating trade, investment, and daily transactions. Mexico's economy is primarily driven by manufacturing, services, oil exports, and tourism.
Usage and Exchange
The Mexican Peso is widely accepted across Mexico for all transactions. For international visitors and expatriates, exchanging foreign currency for Mexican Pesos can be done at banks, exchange bureaus, and ATMs. Credit and debit cards are widely accepted, making transactions convenient for tourists.
Conclusion
The Mexican Peso is not just a currency; it is a symbol of Mexico's economic vitality, cultural richness, and historical heritage. Understanding the MXN is essential for anyone engaging with Mexico's economy, whether as a resident or a visitor. The stability and accessibility of the Mexican Peso play a significant role in the country's economic growth and development.