MXN · $
Mexican Peso (MXN)
The Mexican Peso (MXN) is the official currency of Mexico, one of the most traded currencies in Latin America. Learn about its history, characteristics, and role in the global economy.
Convert this currency
Converted amount
0.0584 USD
Exchange rate
1 MXN = 0.058425 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
MXN · Mexican Peso
Mexican Peso (MXN): Overview and History
The Mexican Peso (MXN) is the official currency of the United Mexican States. It is subdivided into 100 centavos and is issued by the Bank of Mexico, the country's central bank. The peso has a long history, with its origins dating back to the Spanish dollar, which was widely used in international trade during the colonial era. Today, the peso is one of the most traded currencies in the Americas and is considered a benchmark for emerging market currencies.
The peso has undergone several changes over the centuries, including a major redenomination in 1993 when the new peso (N$1) was introduced, equal to 1,000 old pesos. The currency code MXN replaced the former MXP. The Bank of Mexico manages monetary policy to maintain price stability, and the peso's exchange rate is determined by market forces under a floating exchange rate regime. The currency is widely used in international trade, particularly with the United States, its largest trading partner.
For travelers and businesses, the peso is readily convertible in global foreign exchange markets. Its value can be influenced by various factors, including economic indicators, political events, and global commodity prices, especially oil, as Mexico is a major oil exporter. However, it is important to note that exchange rates fluctuate and are subject to market conditions. This overview provides general information and does not constitute financial advice.
- Code
- MXN
- Symbol
- $
- Current rate
- USD / MXN
Currency information
Last updated · 8/7/2026
The Mexican peso was introduced in 1993, replacing the old peso at a rate of 1 new peso = 1000 old pesos.
- Official name
- Mexican Peso
- Legal tender status
- Legal tender in Mexico
- Decimal places
- 2
- Minor unit
- centavo · 1 MXN = 100 centavo
- Countries
- Mexico
- Issuing authority
- Bank of Mexico
- Central bank
- Bank of Mexico · Official website
- Exchange-rate regime
- Floating exchange rate
Common banknotes
$20 · $50 · $100 · $200 · $500 · $1000
Common coins
$0.05 · $0.10 · $0.20 · $0.50 · $1 · $2 · $5 · $10 · $20
Also known as
MXN · Mexican peso · $ · Peso mexicain
Practical notes
- The symbol '$' is used, but it is distinct from the US dollar.
- The currency is often referred to as 'peso' in everyday use.
Priority currency pairs
The most useful conversions for this currency.
Mexican Peso questions
What is the MXN exchange rate?
The displayed rate is the latest available reference rate for USD/MXN. It can change throughout the day.
How can I convert MXN online?
Use the converter above to calculate indicative amounts between MXN and the other supported currencies.