![]() The peso has a conversion factor of 6 significant digits, and is fiat currency. The Mexican peso’s name originated from the silver 8-real coins issued by Spain in Mexico. The currency was initially based on Spain’s official currency, called ‘real’, which was the Spanish dollar. Mexican peso exchange rate against the US dollar averaged 20.091 in April 2022, compared with 20.544 (USD to MXN) in the previous month. ![]() The symbol MXN replaced the former symbol, MXP. The Mexican peso (MXN) is the official currency of Mexico. To distinguish it from other currencies using the symbol, the peso is sometimes written as M, MX, or MEX. Over the last three decades, Mexicos macroeconomic policy has been driven by a sound orthodox strategy: an open economy via many trade agreements signed. Its currency code is MXN and its symbol is. dollars that are to be paid in Mexico, you would have to use the exchange rate published by Banco de México on the Federal Official Gazette the banking day immediate before. The Mexican peso is the currency of Mexico. Banco de México informs the FIX from 12 o'clock onwards each banking day.ģ/ The FIX exchange rate mentioned is published by Banco de México in the Official Gazette of the Federation on the next banking day of its determination.Ĥ/ If you have to make a payment today, to calculate the equivalent amount in pesos of the obligations entered into in U.S. As of this publication (November 2018) The exchange rate for an American is about 20 MXN 1 USD. History First peso The peso was originally the name of the eight-real coins issued in Mexico by Spain. Americans and Canadians have more spending power than ever in Mexico. Always try to look for the best money exchange, but also consider to seek those exchange kiosks nearby. Feel free the compare the different exchange rates and get the most money from your transaction. 1/ To obtain more information regarding this exchange rate see: The Third Title, Chapter V of the regulation 3/2012 from Banco de México (Available only in Spanish).Ģ/ The FIX exchange rate is determined by Banco de México on banking days, by an average of quotations of the exchange market of wholesale operations to be settled on the second banking day of its determination. As of June 23, 2010, the pesos exchange rate was 12.141 per Canadian dollar, 15.488 per Euro, and 12.658 per U.S. If you are looking for a currency exchange house or kiosk in Tepexpan, México, you are in the right place.
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