Currency Rate Mexican Peso to USD
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The Mexican Peso (symbol: $; code: MXN) is the official currency of Mexico.
Buying rate
MX$ 0.051963
Selling rate
MX$0.058769
The Mexican Peso (MXN), symbolized as $, is the official currency of Mexico. It is widely utilized across the country for various financial transactions.
Currency Details:
Symbol: $
ISO Code: MXN
Subunits: 1 Peso = 100 centavos
Banknotes and Coins
The Mexican Peso is available in both coins and banknotes:
Coins:
Coins are available in denominations of 5
10
20
50 centavos
1
2
5
10
20 pesos.
Banknotes:
Current banknotes in circulation:
$20
$50
$100
$200
$500
$1000
The banknotes and coins of the Mexican Peso feature various cultural motifs, historical figures, and natural landmarks of Mexico.
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.
Currency Details:
Symbol: $
ISO Code: MXN
Subunits: 1 Peso = 100 centavos
Banknotes and Coins
The Mexican Peso is available in both coins and banknotes:
Coins:
Coins are available in denominations of 5
10
20
50 centavos
1
2
5
10
20 pesos.
Banknotes:
Current banknotes in circulation:
$20
$50
$100
$200
$500
$1000
The banknotes and coins of the Mexican Peso feature various cultural motifs, historical figures, and natural landmarks of Mexico.
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.
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