MXN – Mexican Peso

Mexican Peso History

The Mexican Peso is the official currency of Mexico. Exchange rate USD to MXN display the popularity of ranking of Mexico currency. It is abbreviated by MXN and written by “N$” followed by the numerical amount. In trading currency, the Mexican peso is 8th place in the world, and the 3rd most traded currency originate from the Americas.

In 20th century, the Mexican peso is one of the most stable currencies in Americas, because the economy did not examine periods of hyperinflation typically to other countries.

Overview MXN – Mexican Peso
although, after the trouble of oil recession in 1970s, Mexico missed on its additional debt in 1982 and country had to tolerate a stiff case of a financial fight. For a long time, by government economic followed inflation and devaluation, until a government economic strategy called the “Stability and Economic Growth Pact” was adopted under President Carlos Salinas. And finally, on 1 January 1993, the Bank of Mexico proposed a new currency “peso” (MXN or new peso).

Role of Currency:

Currency Code: MXN
Currency Symbol: $ (¢)
Authority: Bank of Mexico
Currency Issued Date: 1993
Using currency all Bank Notes: $20, $50, $100, $200, $500, $1000

Bank Notes Denominations Range: From 20 to 1000
Using currency all Bank Coins: 10¢, 20¢, 50¢, $1, $2, $5, $10 Rarely used 5¢, $20
Bank Coins Denominations Range: From 1 to 50

 

Currency Facts

MXN Stats

Name: Mexican Peso

Symbol: $

Minor Unit:
1/100 = Cent

Top MXN Conversion:
MXN/USD

Top MXN Chart:
MXN/USD Chart

MXN Profile

Inflation: 2.70%

Nicknames: lana, varos, plata, bolas, lucas, feria, billete, pachocha, billullos, villancicos, villanos, del águila, morlacos, papiros, Marmaja

Coins:
Freq Used: $1, $2, $5, $10, 50
Rarely Used: $20, $50, $100, 5, 10, 20

Banknotes:
Freq Used: $20, $50, $100, $200, $500, $1000

Central Bank:
Bank of Mexico
Website: http://www.banxico.org.mx

Users: Mexico

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