Glossary Term

MXN

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MXN is the currency abbreviation for Mexico’s official currency, the peso. Usually represented by $ or Mex$, the peso is made up of 100 centavos. When translated, the name means ‘weight’ and it refers to gold weight. Interestingly, the peso played a huge part in economies of North America and the United States in the late 18th century. It was widely used as a benchmark, reference point and as the main currency of choice even after the introduction of USD bills.

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What is MXN? A Traders Expert explanation

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