Convert USA Dollar (USD) to Mexican Peso (MXN)

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for USA Dollars (USD) to Mexican Pesos (MXN) today currency exchange ratio:

Date for today: Friday 18th of May 2012 05:26:25 AM
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Enter the unit of currency for which you are interested and click next table. If you enter 1 Mexican Peso (MXN) for example, you will receive its equivalent in Dollars, Euros, Dinars, Liras, Levs, Rubles etc. You can enter any arbitrary amount of currencies below. Rates are updated daily and accuracy is provide by Google gadgets.

The peso (sign: $; code: MXN) is the currency of Mexico. The peso was the first currency in the world to use the "$" sign, which the United States dollar later adopted for its own use. The peso is the 12th most traded currency in the world and by far the most traded currency in Latin America and third most traded in all the Americas. The current ISO 4217 code for the peso is MXN; prior to the 1993 revaluation (see below), the code MXP was used. The peso is subdivided into 100 centavos, represented by "¢". The name was originally used in reference to pesos oro (gold weights) or pesos plata (silver weights). The translation of peso from Spanish to English is weight. As of September 28, 2009 its exchange rate was 13.5243 Mexican pesos against one U.S. dollar. To compare the price of Mexican Peso (MXN) to other currencies you can use the following currency converter.

Example of Mexican Peso (MXN)

Banknotes of Mexican Peso (MXN)

In September 2006, it was announced that a new family of banknotes will be launched gradually. The 50-peso denomination in polymer was launched in November 2006. The 20-peso note was launched in August 2007. The 1000-peso note was launched in March 2008.

The $200 was launched in 2008, and the $100 and $500 notes will be launched in the summer of 2009. This family is the F Series.

Economy of Mexico

The economy of Mexico is 11th to 13th largest in the world. Since the 1994 crisis, administrations have improved the country's macroeconomic fundamentals. Mexico was not significantly influenced by the recent 2002 South American crisis, and has maintained positive, although low, rates of growth after a brief period of stagnation in 2001.

Moody's (in March 2000) and Fitch IBCA (in January 2002) issued investment-grade ratings for Mexico's sovereign debt. In spite of its unprecedented macroeconomic stability, which has reduced inflation and interest rates to record lows and has increased per capita income, enormous gaps remain between the urban and the rural population, the northern and southern states, and the rich and the poor. Some of the government's challenges include the upgrade of infrastructure, the modernization of the tax system and labor laws, and the reduction of income inequality.