The Mexican Peso

Kimberly Kubalek, VisitSanMiguel.com

Mexico’s currency is the Mexican Peso. There are one hundred Mexican cents (centavos) to every peso.

The symbol for the the Mexican Peso is $. To distinguish this from the Dollar, you sometimes see it presented as MX$ or the value with the letters “MN” after it, e.g. $100 MN. The MN stands for Moneda Nacional, meaning National Currency.

Mexican Bank notes are printed in denominations of 20, 50, 100, 200, 500 and 1,000 pesos. The most commonly seen and used are the 50, 100 and 200 peso notes.

Value of the Mexican Peso

The Mexican Peso is a “free floating” currency in Foreign Exchange Markets and like other similar currencies, its value fluctuates daily.

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