Exchange rates and conversions
Mexican Peso (MXN)
1 MXN = 0.05373 USD = 0.04803 EUR
The Mexican peso (MXN) is the currency of Mexico, issued by the Banco de México. It is written with the dollar sign, often as Mex$ to avoid confusion, and divides into 100 centavos.
Updated Nov 11, 2026, 12:02 AM
Common MXN amounts
Updated Nov 11, 2026, 12:02 AM
MXN against the major currencies
| Currency | 1 MXN = | 1 unit in MXN |
|---|---|---|
| USDUS Dollar | 0.05373 | 18.6114 |
| EUREuro | 0.04803 | 20.8198 |
| GBPBritish Pound | 0.04020 | 24.8761 |
| JPYJapanese Yen | 8.5193 | 0.11738 |
| CHFSwiss Franc | 0.04428 | 22.5815 |
| CADCanadian Dollar | 0.07614 | 13.1343 |
| AUDAustralian Dollar | 0.07817 | 12.7923 |
| CNYChinese Yuan | 0.35934 | 2.7829 |
| INRIndian Rupee | 5.0483 | 0.19809 |
| XOFWest African CFA Franc | 31.5064 | 0.03174 |
| XAFCentral African CFA Franc | 31.5064 | 0.03174 |
| MADMoroccan Dirham | 0.52496 | 1.9049 |
| NGNNigerian Naira | 72.5590 | 0.01378 |
| ZARSouth African Rand | 0.88661 | 1.1279 |
| BRLBrazilian Real | 0.29841 | 3.3510 |
| RUBRussian Ruble | 4.4588 | 0.22428 |
| TRYTurkish Lira | 2.6995 | 0.37044 |
| AEDUAE Dirham | 0.19733 | 5.0678 |
| SARSaudi Riyal | 0.20149 | 4.9630 |
| SEKSwedish Krona | 0.52973 | 1.8878 |
| NOKNorwegian Krone | 0.51038 | 1.9593 |
| PLNPolish Zloty | 0.21106 | 4.7381 |
| KRWSouth Korean Won | 72.0900 | 0.01387 |
| SGDSingapore Dollar | 0.06881 | 14.5325 |
The figure shown is the mid-market rate: the midpoint between the buy and sell price, dated on the page. It is the rate before any margin is added, so a bank or a bureau de change will quote you a lower one.
About the Mexican Peso
The peso is one of the oldest currency names still in use. It descends from the Spanish colonial silver piece that circulated worldwide, and whose abbreviation is generally taken to be the origin of the dollar sign. The current unit dates from 1993, when Mexico removed three zeros and briefly called it the nuevo peso, a qualifier dropped in 1996.
The peso has floated since the crisis of December 1994 and is the most traded currency in Latin America, quoted almost around the clock. It lives to the rhythm of the United States: the great majority of Mexican exports cross the northern border, and money sent home by Mexicans living in the US is one of the country's largest sources of foreign currency.
The peso is the sole legal tender in Mexico; US dollars are accepted in some border towns and tourist areas, usually at a poor rate.
MXN at a glance
- Symbol
- $ (written Mex$ to distinguish it from the dollar)
- Subunit
- 1 peso = 100 centavos
- Central bank
- Banco de México (Banxico)
- Current unit
- 1993, after three zeros were removed
- ISO 4217 code
- MXN
Most-viewed conversions from MXN
- MXN → USD1 MXN = 0.05373 USD
- MXN → EUR1 MXN = 0.04803 EUR
- MXN → GBP1 MXN = 0.04020 GBP
- MXN → JPY1 MXN = 8.5193 JPY
- MXN → CHF1 MXN = 0.04428 CHF
- MXN → CAD1 MXN = 0.07614 CAD
- MXN → AUD1 MXN = 0.07817 AUD
- MXN → CNY1 MXN = 0.35934 CNY
- MXN → INR1 MXN = 5.0483 INR
- MXN → XOF1 MXN = 31.5064 XOF
- MXN → XAF1 MXN = 31.5064 XAF
- MXN → MAD1 MXN = 0.52496 MAD
Conversions into MXN
FAQ
What is the currency of Mexico?
Mexico uses the peso, ISO code MXN, issued by the Banco de México. One peso divides into 100 centavos and amounts are written with the dollar sign, so a price of $250 in Mexico means 250 pesos.
Can I pay in dollars in Mexico?
Some hotels, tour operators and shops in border towns and resorts accept dollars, but they set their own rate and it is usually well below the mid-market rate. Paying in pesos, by card or in cash withdrawn locally, almost always costs less.
Why does the Mexican peso use the dollar sign?
The sign came first and the dollar borrowed it. It is generally traced to the Spanish peso, the silver coin that circulated across the Americas, and Mexico kept it. When both currencies appear on the same page, the Mexican peso is written Mex$ or MXN to avoid ambiguity.
Follow the MXN from your phone
The app converts MXN into 148 currencies, offline included, and keeps your favourite pairs one tap away.