Mexican Peso to US Dollar (MXN to USD)

Graph with 30 days of Mexican Peso quotes

Mexican Peso Rate

The value of the Mexican Peso Rate today is $0.0483

Mexican Peso Quotations Table

About the Euro

The Mexican Peso is the official currency of Mexico, abbreviated as MXN or with the "$" symbol. It is divided into 100 cents. The Mexican peso has a long and complicated history, with several coins and banknotes issued over the years. Currently, there are notes of 20, 50, 100, 200, 500 and 1,000 Mexican pesos and coins of 1, 2, 5, 10, 20 and 50 cents and 1 peso.

The history of the Mexican peso dates back to the 16th century, when the country was still a Spanish colony. At the time, the currency was based on the Spanish monetary system, with the use of pesos, marks and escudos. After Mexico's independence in 1821, the peso was established as the country's official currency. However, inflation and economic instability led to several currency reforms over the years.

Since 1994, the Bank of Mexico has implemented measures to stabilize the economy and control inflation, including interest rate increases and tight monetary policies. However, the country still faces economic challenges, such as a growing trade deficit and high public debt. Currency volatility has also been an issue, with the Mexican peso having depreciated significantly against the US dollar in recent times.

How we get quotes

The values are obtained through the API of the Central Bank of Brazil, which provides the opening quotation of the day from 10:00 am, and after that intermediate values are available at 11:00 am, 12:00 pm and 1:00 pm. After 1 pm, the BCB closes with the PTAX quotation, which is the arithmetic average of all the rates of the day, as it is a reference value and is not used in Convertpedia.

Mexican Peso to US Dollar

US Dollar to Mexican Peso

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Use the data obtained here for information purposes only.