![]() Most banks have pesos on hand so you can just go to the bank and get some pesos and you'll be ready to go to Mexico. They usually have an exchange service, and you can use that prior to your trip. Your first option for exchanging for pesos is at certain banks. Here are some of the most popular ways to get pesos. When traveling to Mexico, it's a good idea to have some pesos on hand on arrival to cover expenses like taxis, tips, and souvenirs. You can withdraw pesos from an ATM when you arrive. You can buy pesos from a currency exchange. You can exchange currency at most banks before you depart. There are a few different ways to get Mexican Pesos. You can find all of the ISO currency codes here. dollar’s ISO code is USD and the Canadian dollar is CAD. MXN is the official ISO currency code for Mexican pesos. For example, 3.2 mdp means 3.2 milliones de pesos or 3.2 million pesos. If you’re searching for real estate, you may see “mdp” after the value. The MN stands for Moneda Nacional, which means "National Currency." An alternative to this convention is by adding the “MN” after the the value is written, e.g. ![]() One common way to distinguish whether the “$” symbol refers to dollars or pesos is with the addition of MX before the “dollar” or “$” sign. Like the U.S., who stopped producing gold coins in 1933, and silver coins in 1965, Mexico stopped using precious metals in their coins shortly after in 1967. These days, pesos in circulation contain no gold or silver. Since 1900, the gold content of the peso has remained fixed at 2.5 grams. ![]() (This was the same gold content as the earlier Spanish real de a ocho). The gold content of the peso increased again in 1900, when it was fixed at 2.5 grams of gold. In 1821, the peso contained 2.48 grams of gold, but by 1873 it only contained 1.92 grams of gold. The gold content of the peso has varied over time. The term "peso" in this context used to refer to pesos oro (gold weights / gold peso) or pesos plata (silver weights / silver peso). Peso in Spanish literally means "weight," and originally referred to the Spanish real de a ocho, or "royal eight-real coin." In the 19th century, the Mexican peso was equal to 8 reales. If you’ve ever wondered why pesos use the same symbol as the dollar, it’s because they share a common history. Modern currencies that used the “peso” have a common origin in the Spanish dollar from the 15th-19th centuries. One peso is the equivalent of one-hundred centavos (100¢ MXN). A peso in terms of Mexican currency is a Mexican peso (sign: $ code: MXN) or peso méxicano in Spanish. The peso is a unit of currency in a number of countries and is the official currency of Mexico.
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