Mexican Peso (MXN): Overview and USD Exchange Rate

What Is the Mexican Peso?

The Mexican peso is the official currency of Mexico. It is symbolized by “$” and internationally coded as MXN. To avoid confusion with other peso-denominated currencies, it is often abbreviated “Mex$.” The peso also circulates in select foreign markets, including Cuba, where it is accepted for cash transactions and certain prepaid cards Source 5 Source 9.

Current USD/MXN Exchange Rate

Live USD/MXN quotes are available on major platforms such as Investing.com, XE, and Wise. Rates are typically refreshed every few minutes to hourly. As an example, recent data showed 1 MXN ≈ 0.057 USD Source 10 Source 3.

Historical Performance & Charts

Investors can review 120-day trend charts on TheMoneyConverter and XE, while Investing.com offers customizable technical-analysis tools. Volatility indicators and daily change metrics are also published on USDCurrencyRate.today Source 2 Source 1.

Where to Convert MXN ↔ USD

• XE.com – Universal Currency Converter with rate alerts Source 8
• Wise.com – Transparent mid-market rate and email notifications Source 7
• TheMoneyConverter.com – Quick converter plus historical chart Source 6
• Investing.com MX – Converter, charts, and related news feed Source 1

Factors Influencing the Exchange Rate

Key drivers include Mexican and U.S. monetary-policy decisions, global oil prices, cross-border trade balances, remittance flows, and shifts in emerging-market sentiment.

FAQ

How often does the USD/MXN rate update?
Most platforms refresh every few minutes; some sources update hourly.

Where can I set alerts for peso movements?
XE and Wise both allow free email or push notifications when the rate hits a chosen level.

Is the Mexican peso used outside Mexico?
Yes—authorized for circulation and card transactions in Cuba, among other limited uses.

What is the currency code and symbol for the Mexican peso?
Currency code: MXN; symbol: $ (often written as Mex$ for clarity).

Which sites offer the most reliable historical charts?
Investing.com, XE, and TheMoneyConverter provide 120-day and longer-term interactive charts.

Can I convert pesos directly on my phone?
All listed converters (XE, Wise, Investing.com) have mobile-friendly versions or dedicated apps.