The peso is the currency of Mexico. Modern peso and dollar currencies have a common origin in the 15th–19th century Spanish dollar, most continuing to use its sign, “$”. The Mexican peso is the 13th most traded currency in the world, the third most traded in the Americas, and the most traded currency in Latin America. The current ISO 4217 code for the peso is MXN; prior to the 1993 revaluation (see below), the code MXP was used. The peso is subdivided into 100 centavos, represented by “¢”.
