The official currency of Mexico, a country located in North America, is the Mexican Peso. The Mexican Peso is denoted by the "$" symbol and has the ISO currency code "MXN." The exchange rate of the Mexican Peso can vary significantly depending on economic conditions and other factors. As the official currency of Mexico, it is widely accepted for all types of transactions within the country. While the US Dollar is also commonly accepted in tourist areas, it's generally advisable to use the local currency.
Mexican Peso Denominations
The Mexican Peso is available in a range of banknote and coin denominations. Banknotes are typically found in values of 20, 50, 100, 200, 500, and 1,000 pesos, while coins come in denominations such as 5, 10, and 20 pesos, as well as smaller units like 50 centavos, 1 peso, 2 pesos, and 5 pesos.