Mexican peso MXN

The Mexican peso is the official currency of Mexico. It is issued by the central bank of Mexico. One peso is divided into 100 centavos. Banknotes in circulation include denominations of 20, 50, 100, 200, 500, and 1000 pesos, and coins are available in 1, 2, 5, and 10 pesos, as well as 5, 10, 20, and 50 centavos.

History of the Mexican Peso

The first Mexican peso coins were issued in 1863, followed by others in 1866. For most of the 20th century, the Mexican peso was one of the most stable currencies in Latin America, as the economy avoided periods of hyperinflation.

Interesting Facts about the Mexican Peso

The name of the currency was first used in Mexico to refer to the "peso oro," symbolizing the weight of gold, or "peso plata," which refers to the weight of silver.