| 1 $ = | Start | 06/08/2026 | Change | |
| Last 24 hours | 17.478 $ | ⇨ | 17.466 $ | -0.06% |
| Last week | 17.363 $ | ⇨ | 17.466 $ | +0.59% |
| Last month | 17.178 $ | ⇨ | 17.466 $ | +1.68% |
| Last year | 19.112 $ | ⇨ | 17.466 $ | -8.61% |
| Currency | 06/01/2026 | 06/08/2026 | Change | |
| Israeli Shekel (ILS) | 2.8217 ₪ | ⇨ | 2.929 ₪ | +3.81% |
| Brazilian Real (BRL) | 5.0374 R$ | ⇨ | 5.1979 R$ | +3.19% |
| Chilean Peso (CLP) | 892.37 $ | ⇨ | 920.68 $ | +3.17% |
| Venezuelan Bolívar (VES) | 548.69 Bs. | ⇨ | 562.59 Bs. | +2.53% |
| Paraguayan Guaraní (PYG) | 6,019.6 ₲ | ⇨ | 6,148.5 ₲ | +2.14% |
| Azerbaijani Manat (AZN) | 1.7059 ₼ | ⇨ | 1.6964 ₼ | -0.56% |
| Nigerian Naira (NGN) | 1,369.4 ₦ | ⇨ | 1,361.1 ₦ | -0.6% |
| Philippine Peso (PHP) | 61.907 ₱ | ⇨ | 61.519 ₱ | -0.63% |
| Seychellois Rupee (SCR) | 13.677 SR | ⇨ | 13.503 SR | -1.27% |
| Zambian Kwacha (ZMW) | 18.178 ZK | ⇨ | 17.56 ZK | -3.4% |
| See also: 24h, monthly and yearly currency moves | ||||
| Currency name | Mexican Peso |
| Symbol | $ |
| Also known as | MXN, Mexican Peso, $1 = 100 centavos |
| ISO code | MXN |
| Banknotes | $20, $50, $100, $200, $500, $1000 |
| Coins | 5, 10, 20, 50 centavos; $1, $2, $5, $10, $20 |
| Central bank | Banco de México (Banxico) - Website: www.banxico.org.mx |
| Countries | 1 country: Mexico (capital: Mexico City, major cities: Mexico City, Guadalajara, Monterrey, Puebla) |
| Population | 130 mil. |
History
The Mexican peso is not only a fundamental element of Mexico's economy but also one of the oldest currencies in the Americas. Its origins trace to the Spanish dollar ("piece of eight" or real de a ocho), the globally dominant trade coin of the 16th–18th centuries, minted in huge quantities at Mexico City and other New World mints from silver extracted from the mines of Zacatecas and Potosí.
After independence from Spain in 1821, Mexico retained the peso — a term meaning "weight" in Spanish — as its monetary unit. The country adopted a bimetallic (gold and silver) standard, then moved to a gold standard in 1905 under the influence of the Porfirian economic modernisation project.
The Mexican Revolution (1910–1920) caused monetary chaos as competing factions issued their own currencies. Stability was eventually restored, and the Banco de México was established in 1925. The peso maintained a fixed rate against the US dollar for decades — from 12.5 per dollar in 1954 to 12.5 per dollar in 1976 — before a series of devaluations that culminated in the devastating 1994 "Tequila Crisis," when the peso lost half its value in days following a surprise devaluation.
After the 1994 crisis, Mexico adopted a fully floating exchange rate regime. The peso has shown resilience: strong remittance inflows from Mexicans in the US, significant manufacturing exports under NAFTA/USMCA, and Banco de México's credible inflation-targeting policy have supported it. The peso is the most traded Latin American currency.
Sources:
"Mexican peso", Wikipedia, https://en.wikipedia.org/wiki/Mexican_peso
"1994 economic crisis in Mexico", Wikipedia, https://en.wikipedia.org/wiki/1994_economic_crisis_in_Mexico