Mexican Peso

The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions, savings, and international trade. It is issued by Mexico's central bank, Bank of Mexico, and has both coins and banknotes of various denominations. The peso's value fluctuates based on economic factors like inflation, interest rates, and global markets. It is symbolized by "$" or "MX$" to distinguish it from other currencies. As a major Latin American currency, the peso plays a key role in Mexico’s economy, facilitating business, tourism, and international investments.