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The Mexican peso is the 16th most traded currency in the world, the third most traded currency from the Americas (after the United States dollar and Canadian dollar), and the most traded currency from Latin America. [5] As of 2 August 2024, the peso's exchange rate was $20.93 per euro, $19.18 per U.S. dollar, and $13.82 per Canadian dollar.
v. t. e. USD / MXN exchange rate. Mexico inflation rate 1970-2022. The Mexican peso crisis was a currency crisis sparked by the Mexican government's sudden devaluation of the peso against the U.S. dollar in December 1994, which became one of the first international financial crises ignited by capital flight. [ 1]
The great silver devaluation of 1873 caused the Mexican dollar to drop in value against the U.S. dollar, but until the beginning of the 20th century the Mexican dollar would still have been a more widely accepted coin in the Far East than the U.S. dollar. Between the 16th and 19th centuries Mexico produced well over three billion of these coins.
Mexico is a trade-oriented economy, with imports and exports totaling a 78% share of the GDP in 2019. [ 234] It is an important trade power as measured by the value of merchandise traded, and the country with the greatest number of free trade agreements. [ 235]
The Mexican 20-peso note is the smallest denomination in circulation of Mexican currency, but the most commonly used in Mexico, other than the 1,000-peso note that is normally only used for high-value transactions. The 20 pesos banknote had a portrait of Benito Juárez, twenty-sixth president of the Mexican Republic who fought in the Reform War.
The Spanish dollar, also known as the piece of eight ( Spanish: real de a ocho, dólar, peso duro, peso fuerte or peso ), is a silver coin of approximately 38 mm (1.5 in) diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content 25.563 g (0.8219 ozt) fine silver.
Paper money was a first for Mexico which had long used silver coinage. [74] After an extended civil war and foreign invasions, the late nineteenth century saw the more systematic growth of banking and foreign investment during the Porfiriato (1876–1911).
Here are some of other high-value Mexican coins based on their sale prices, according to CoinValueLookup: 1732 8 Reales: $130,000. 1823 “Pattern” 8 Reales: $120,750. 1650 “Royal” 8 Reales ...