Mexican Peso

The Mexican Peso (MXN) is the official currency of Mexico. With the symbol $, it is managed by the Bank of Mexico (Banxico). The currency was introduced in 1993 (Nuevo Peso) and is subdivided into 100 Centavo. It's commonly known by its nickname "Peso".

Rates updated Sep 21, 2026, 07:00 PM UTC. Over the last 90 days, 1 MXN ranged from 0.0568 to 0.05922 USD (+2.20%).

Currency Name

Mexican Peso

Currency Code

MXN

Symbol

$

Country

Mexico

Central Bank

Bank of Mexico (Banxico)

Introduced

1993 (Nuevo Peso)

Subunit

1/100 Centavo

ISO Numeric Code

484

The Mexican Peso is one of the oldest currencies in North America, with origins dating to Spanish colonial times. The modern 'Nuevo Peso' was introduced in 1993, removing three zeros from the old peso to combat inflation.

Mexico is the largest Spanish-speaking economy and the MXN is the most traded Latin American currency. Strong manufacturing and trade ties with the US make it an important regional currency.

The Mexican Peso is widely traded in forex markets and is considered the benchmark for Latin American currencies. Mexico's integration into North American trade through USMCA supports its currency.

• 1The peso was once used as currency across much of the Americas and Asia
• 2Mexico's $500 peso note is one of the most colorful in the world
• 3The peso uses the same symbol ($) as the US dollar