Mexican Peso (MXN) is the national currency of Mexico. It is abbreviated as $ or Mex$. One peso is divided into 100 centavos. The Mexican Peso is issued by the central bank of Mexico, known as the Bank of Mexico. It is the eighth most traded currency in the world, and its exchange rate is influenced by several factors such as the country's political stability, economic growth, interest rates, and inflation rate. The Mexican Peso is commonly used in international trade with countries such as the United States due to the close proximity and strong economic ties between the two countries.
Mexican Peso is the eighth most traded currency in the world and the most traded currency in Latin America. The Bank of Mexico is responsible for issuing and regulating the currency. The peso is subdivided into 100 centavos, and coins are issued in denominations of 5, 10, 20, and 50 centavos, as well as 1, 2, 5, 10, and 20 pesos. Banknotes are issued in denominations of 20, 50, 100, 200, 500, and 1000 pesos. The value of the peso relative to other currencies can be influenced by various factors, such as economic conditions, political events, and monetary policy decisions.
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