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Mexican peso Peso Mexicano ( ) Spanish Series F $1000 banknote (obverse) ISO 4217 Code MXN Number 484 Exponent 2 Denominations Subunit 1/100 centavo Symbol or Mex$ $ centavo ¢ Banknotes Freq. used , $20 , $100, $200, $500 $50 Rarely used $1000 Coins Freq. used 50¢, $1, $2, $5, $10, $20 Rarely used 5¢, 10¢, 20¢ Demographics User(s) Mexico Issuance Central bank Bank of Mexico Website www .banxico .org .mx Printer Bank of Mexico Website www .banxico .org .mx Mint Casa de Moneda de México Website www .cmm .gob .mx Valuation Inflation 3.56% (May 2018) Source Banco de Mexico, December 2008
Mexican peso ( : sign $; : code MXN) is the of currency . Modern Mexico and peso currencies have a common origin in the 15th–19th century- dollar , most continuing to use Spanish dollar . its sign, "$" The Mexican peso is the  , the third most traded currency from America (after the 11th most traded currency in the world and United States dollar ), and the most traded currency from Canadian dollar . Latin America 
code for the peso is ISO 4217 MXN; prior to the 1993 revaluation (see below), the code MXP was used. The peso is subdivided into 100 centavos, represented by " ". As of 3 September 2018, the peso's exchange rate was $22.21 per ¢ and $19.14 per euro . U.S. dollar 
The name was first used in reference to
pesos oro (gold weights) or pesos plata (silver weights). The Spanish word peso means "weight". Compare the British .