Mexican Peso (MXN) — Currency Guide
Learn about MXN. See codes, symbols, and transfer guidance.
This page supports larger transfers and business needs.
MXN Quick Facts
| Official name | Mexican Peso |
|---|---|
| ISO code | MXN |
| Numeric code | 484 |
| Symbol | $ (Mex$) |
| Subunits | 1 Peso = 100 Centavos |
| Issuing authority | Bank of Mexico |
| Common pairs | MXN/USD, MXN/EUR, MXN/GBP |
| Banknotes | $20, $50, $100, $200, $500, $1000 |
| Coins | 5¢, 10¢, 20¢, 50¢, $1, $2, $5, $10, $20 |
Figures shown for reference. Designs may update over time.
Transferring MXN for Larger Payments
For companies and directors
We assist with invoices, payroll, and supplier payments.
We help you schedule MXN transfers with clear timing.
Also, we provide account coverage for ongoing needs.
For international individuals
We support property purchases and large life transfers.
We prepare onboarding and simple approval steps.
Afterward, we confirm your MXN rate and settlement plan.
MXN Payments: Timing and Cut-Offs
Settlement overview
Many MXN transfers settle the same business day.
Although, timing varies by bank and route.
Accordingly, cut-off times affect settlement schedules.
Bank holidays
MXN payments do not settle on Mexican public holidays.
Plan ahead for Día de la Independencia and year-end peaks.
Additionally, allow buffer time for compliance checks.
Ask us about current cut-offs for your route.
Popular MXN Tools and Pages
Rates shown on converter pages reflect the mid-market.
Background and Currency Notes
The Mexican Peso is Mexico's official currency.
The Bank of Mexico manages issuance and regulation.
Notes feature national figures and heritage designs.
Also, MXN is the most traded currency in Latin America.
Business users often hold MXN for supplier obligations.
Trusted by Clients Worldwide
Larger MXN transfers handled with care and clarity.
Mexican Peso (MXN) — FAQs
What is the MXN currency code and symbol?
The ISO code is MXN. The symbol is $ or Mex$.
Who issues the Mexican Peso?
The Bank of Mexico issues and manages the currency.
Do you support larger MXN transfers?
Yes. We support high-value transfers with dedicated guidance and onboarding.
How do transfer rates differ from mid-market?
Transfer rates include a small margin and any fees shown upfront.
Can I fix a rate for a future MXN payment?
Yes. We can discuss options to align with your payment plan.