MXN – Mexican Pesos

Sign – $, MEX$ / Code – MXN

Long before our corporate currency exchange brokers were helping our clients with their Mexican Peso transfers, the Peso was creating its own rich history.

About the Mexican Peso

Currency was first brought to Mexico by Spanish colonists, in the form of Spanish Dollars.

After Mexico gained independence in 1821, the new government continued the old currency system, although paper money was issued for the first time.

In 1993, the Bank of Mexico introduced a new currency, the Nuevo Peso, with N$1 equal to 1000 of the obsolete pesos. The ‘nuevo’ aspect was dropped shortly afterwards in 1996.

The Mexican Peso is the eighth most traded currency in the world, the third most traded in the Americas and the most traded in South America.

Denominations

Subunit: Centavo – 1/100

Coins: 10¢, 20¢, 50¢, $1, $2, $5, $10

Banknotes: $20, $50, $100, $200, $500

Bank: Bank of Mexico

The most frequent transaction for this currency is Mexican Pesos to US Dollar