MXN
Business & Finance abbreviation · Currency
| Stands for | Mexican peso |
|---|---|
| Categories | Business & Finance |
MXN stands for Mexican peso, a currency abbreviation.
Mexico's currency, issued by the Banco de México and divided into 100 centavos. It is the most traded Latin American currency and often serves as a proxy for emerging-market sentiment.
Example: The Cancun taxi to the hotel zone costs MXN 500.
Usage notes
The current "new peso" was introduced in 1993, removing three zeros after years of high inflation. The $ sign was used for pesos before the US adopted it, so Mexican prices use $, sometimes written MX$ for clarity. Traders called it the "super peso" during its strong run in 2023 and 2024.