Mexican peso

The Mexian Peso (sign: $; code: MXN) is the currency, or money, of . The symbol used for the peso is "$", which is the same as for the US dollars, which got its symbol from the Spanish-Mexican currency. It is one of the most traded currencies in the world. The current ISO 4217 code for the peso is MXN; before its value was changed in 1993, the code MXP was used. The peso is made up of 100 centavos, represented by "¢". The name comes from the Spanish words pesos oro (gold weights) or pesos plata (silver weights). The meaninf peso in English is weight.

 Exchange rates 

 Following the 1993 revaluation, the peso's official exchange rate was MXN$3 per US dollar.
 As a result of Mexico's currency crisis in 1994, the peso sharply depreciated from MXN$3.4 by try to MXN$7.2 in 1995.
 From 1998 to 2008, it traded within a range between MXN$8 and MXN$11 pesos per dollar. 
 In early 2009, the peso briefly depreciated to MXN$15.56 after the 2008 financial crisis.  It settled between MXN$12 and MXN$14 from then until 2014.
 In 2015, the peso depreciated from MXN$14.76 to MXN$17
 Since 2016, it has been trading between MXN$17 and MXN$21.
 In 2020, amidst the COVID-19 pandemic, the peso depreciated to it's all-time low of about MXN$25.  It has appreciated more than 30 percent since.  In early 2024, the peso strengthened to MXN$16.31 per dollar.  This is largely due to near-shoring, foreign investment, remittences, and high interest rates to curb inflation.

Category:Currency of North America
Category:Economy of Mexico