Mexican peso

The peso (sign: $; code: MXN) is the currency of Mexico. The peso was the first currency in the world to use the "$" sign, which the United States dollar later adopted for its own use when the United States adopted the peso as currency during a period before adopting the dollar. The peso is the 12th most traded currency in the world and by far the most traded currency in Latin America and third most traded in all the Americas. The current ISO 4217 code for the peso is MXN; prior to the 1993 revaluation (see below), the code MXP was used. The peso is subdivided into 100 centavos, represented by "¢". The name was originally used in reference to pesos oro (gold weights) or pesos plata (silver weights). The literal English translation of the Spanish word peso is weight. As of March 11, 2010, the peso's exchange rate was 12.288 against one Canadian dollar, 17.245 against one European Euro, and 12.614 against one U.S. dollar.