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Mexican Peso

Mexican Peso Rates

For a live quote on the Mexican Peso, simply fill in your details on the form above and an FSA-regulated currency expert will be in touch with a competitive quote.

 

Latest Mexican Peso Rates

Please see our latest exchange rates page for the most up-to-date mid-market rate.

 

Recent Trading Range

In 2011, the Mexican Peso traded between 18.59 to 21.86 against the Pound.

 

Latest Mexican Peso Exchange Rate News

Please see our news section for the latest currency news affecting worldwide exchange rates. You can also visit our dedicated page on Money Transfers to Mexico, including timescales and information needed to make your transfer.

 

Overview - MXN

The Mexican Peso is the currency of Mexico and its ISO code is MXN, although prior to 1993 the code was MXP. The name Peso has a literal translation in English of ‘weight’ and was originally used in reference to Pesos Oro (Gold weights) and Pesos Plate (Silver Weights).

 

Both the Peso and the US Dollar share their origins in the 15th-19th century currency – the Spanish Dollar, which were eight-real coins issued in Mexico by Spain, also called ‘pieces of eight’. This Spanish Dollar was in wide circulation across the Americas and Asia at the height of the Spanish Empire until the early 19th century.

 

Throughout most of the 20th century the Mexican Peso was a relatively stable currency, until the 1970s Oil Crisis, after which the Peso experienced several years of inflation and devaluation. In 1993 the Mexican government was forced to introduce a new currency, the Nuevo Peso, which was equivalent to 1000 of the previous Pesos The Nuevo Peso became simply the Peso in 1996, and due to the stability of the Mexican economy, is now the 12th most traded world currency.