Mexican Peso

The Mexican Peso is divided into 100 centavos. Coins come in denominations of 5, 10, 20, and 50 centavos, and 1, 2, 5, 10, 20, and 50 pesos. Banknotes are issued in denominations of 20, 50, 100, 200, 500, and 1000 pesos.

Mexican Peso banknotes and coins feature a variety of designs, including images of historical figures, symbols of Mexican heritage, and native wildlife. For example, the 500-peso note showcases the paintings of Diego Rivera and Frida Kahlo, two of Mexico's most famous artists.

Financial experts regard the Mexican Peso as an emerging market currency. While it has been known to be volatile, given its sensitivity to economic indicators and geopolitical events, the Mexican economy's underlying strengths support the currency's value over time.

However, like all currencies, the Peso can be influenced by various factors, including oil prices (as Mexico is a significant oil exporter), interest rates, and the health of the U.S. economy, given the close economic ties between the two countries.

The Bank of Mexico is responsible for the regulation of the Mexican Peso. It controls the issuance of new notes and coins, sets monetary policy, and oversees the country's financial system to ensure its stability.