Economy of Mexico the country has recovered and has grown 4.2, 3.0 and 4.8 percent in 2004, 2005 and 2006, even though it is considered to be well below Mexico's potential growth. The Mexican peso is the currency (ISO 4217: MXN; symbol: $). One peso is divided into 100 "centavos" (cents). MXN replaced MXP in 1993 at a rate of 1000 MXP per 1 MXN. The exchanged rate remained stable between 1998 and 2006, oscillating between 10.20 and 11=3.50 MXN per US$, recently the Mexican peso parity took a hit under president Enrique Peña Nieto, lost in a single year 19.87% of its
Portuguese escudo Portuguese escudo The Portuguese escudo is the currency of Portugal prior to the introduction of the euro on 1 January 1999 and its removal from circulation on 28 February 2002. The escudo was subdivided into 100 "centavos". The word "escudo" means "shield". Amounts in escudos were written as "escudos" $ "centavos" with the "cifrão" as the decimal separator (e.g. "25$00" means $25.00, "100$50" means $100.50). Because of the conversion rate of 1000 réis = $1, three decimal places were initially used ($1 = 1$000). Escudo gold coinage was initially introduced in 1722 with denominations including escudo, 2, 4, and 8