Mexican peso Mexican peso The Mexican peso (sign: $; code: MXN) is the currency of Mexico. Modern peso and dollar currencies have a common origin in the 15th–19th century-Spanish dollar, most continuing to use its sign, "$". The Mexican peso is the 10th most traded currency in the world, the third most traded currency from America (after the United States dollar and Canadian dollar), and the most traded currency from Latin America. 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
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