Course USD(US Dollar)-MXN(Mexican Peso) for today
Quotes USD/MXN for today .
The US central bank is called the Federal Reserve Bank (commonly referred to as "The Fed"). The USD is the most traded currency in the forex market and can be paired with all other major currencies. Common names for the USD include the greenback, buck, green, dough, smacker, bones, dead presidents, scrillas, and paper.
- Central bank: The Federal Reserve System (also known as the Federal Reserve, or the Fed)
- The USD (also called the greenback or buck) is the de facto global currency. Most commodities (including gold and oil) are priced in USD.
- The U.S.A. has by far the largest economy in the world.
- America faces challenges from developing economies, and has consistently large trade deficits with other nations.
As one of the oldest currencies in North America, the original Mexican Peso followed the design of the Spanish silver dollar and eight-piece. It was an official legal tender in both USA (until 1857) and Canada (until 1854). The Peso was the descendant of the original eight pieces that the Spanish government had issued in Mexico, which Mexico continued to use as currency after independence. Originally a stable and safe currency, it helped inspire the design of the American Dollar, which was released at par with the Mexican Peso. In 1993, after several years of inflation and devaluation, the Bank of Mexico changed its monetary policies and introduced a new currency called the Nuevo Peso (New Peso). The value changed with 1,000 old Pesos becoming one Nuevo Peso. In 1996, the term 'Nuevo' was dropped, and it is now simply referred to as the Mexican Peso (MXN).
- Central bank: Bank of Mexico
- The peso (also called “dinero”) was a stable currency until Mexico defaulted on its external debt in 1982. Years of inflation, devaluation, and recession followed.
- In 1993, Mexico introduced the nuevo peso (“new peso”), equal to 1,000 obsolete MXP pesos. “Nuevo” was later dropped from the name.
- Mexico has free trade agreements with over 50 countries. It exports manufactured goods, oil, oil products, silver, fruits, vegetables, coffee, and cotton.