13 Facts About Mexican peso

Current ISO 4217 code for the Mexican peso is MXN; prior to the 1993 revaluation, the code MXP was used.

The Mexican peso is the 15th most traded currency in the world, the third most traded currency from the Americas, and the most traded currency from Latin America.

From January 1, 1996, the "nuevo Mexican peso" was simply renamed to "Mexican peso", and new Series D banknotes were issued identical to Series C except for the word "nuevo" dropped.

Similarly, Series B coins in nuevo Mexican peso denominations were circulated starting from 1993 and Series A and AA coins were demonetized starting from November 15, 1995.

New Mexican peso, however, has continued to depreciate versus the U S dollar, with the dollar rising sharply from 3.

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In 1993, President Carlos Salinas de Gortari stripped three zeros from the Mexican peso, creating a parity of 1 new Mexican peso for 1, 000 of the old ones.

In Series F, the 20, 50, and 100-Mexican peso notes are printed on polymer and include clear windows; all denominations include a color-shifting element.

The 20, 50, and 100-Mexican peso notes are produced in polymer, while the other banknotes will be printed on paper.

The value of the 20, 50, and 100-Mexican peso notes are embossed in the clear windows of the corresponding notes, along with a distinctive pattern.

Spanish dollar and Mexican peso served as global silver standard reserve currency, recognized all over Europe, Asia and the Americas from the 16th to 20th centuries.

The first U S dollar coins were not issued until April 2, 1792, and the peso continued to be officially recognized and used in the United States, along with other foreign coins, until February 21, 1857.

Mexican peso served as the model for the Straits dollar, the Malaysian ringgit, the Hong Kong dollar, the Japanese yen, the Korean won, and the Chinese yuan.

The Mexican peso was briefly legal tender in 19th century Siam, when government mints were unable to accommodate a sudden influx of foreign traders, and was exchanged at a rate of three pesos to five Thai baht.