MXN meaning in Banking ?

Banking Miscellaneous in Banking . 3 months ago

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What is Mexican Peso mean?

The Mexican peso (symbol: $; code: MXN) is the currency of Mexico. Modern peso and dollar currencies have a common origin in the 15th–19th century Spanish dollar, most continuing to use its sign, "$". The Mexican peso is the 15th most traded currency in the world, the third most traded currency from the Americas (after the United States dollar and Canadian dollar), and the most traded currency from Latin America.

The current ISO 4217 code for the peso is MXN; prior to the 1993 revaluation, the code MXP was used. The peso is subdivided into 100 centavos, represented by "¢". As of 26 September 2021, the peso's exchange rate was $23.51 per euro and $20.06 per U.S. dollar.

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Posted on 08 Sep 2024, this text provides information on Banking related to Miscellaneous in Banking. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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