MX$ · North America
Mexican Peso (MXN)
The Mexican peso is the most traded currency in Latin America and one of the most liquid emerging-market currencies overall, which is exactly why it is so volatile: liquidity makes it easy to sell in a hurry.
Reference reading
18.572MXN per 1 USD
Read 10 Nov 2026, 15:30 UTC, source last published 10 Nov 2026, 00:00 UTC, quoted against USD.
166 currencies in this reading
One MXN buys
- USD
- 0.053844
- EUR
- 0.048056
- BRL
- 0.296802
- CAD
- 0.075991
- JPY
- 8.5086
Where the Mexican Peso circulates
It trades as a carry currency and as a proxy for emerging-market risk, so its moves often reflect global positioning rather than Mexican fundamentals alone.
- Domestic pricing in Mexico, one of the region's largest consumer markets.
- Remittance inflows from the United States, which are a major source of demand.
- Carry trades, where the peso is bought for its yield and sold quickly when risk appetite falls.
How it is quoted, and what to watch
Format with the MXN currency code rather than a bare $, which would read as dollars to most audiences. Mexican convention places the symbol before the amount with a period decimal separator.
Reading MXN from the API
Ask for MXN as the base and every quote in the response is re-expressed against it — the reading, the catalogue and the account balance all arrive together.
Crosses are the quotient of two published quotes, so a pair you need but we do not list is still one division away.
curl · re-quote the catalogue against this currency
curl -s "https://fiatagent.base44.app/api/v1/rates?base=MXN" \
-H "Authorization: Bearer $FIAT_AGENT_KEY"MXN questions, answered
Why is the peso so volatile?
Because it is liquid and widely used for carry trades: positions can be opened and closed quickly, so flows amplify moves that originate outside Mexico.
How do I show pesos without confusing them with dollars?
Use the MXN currency code, or the MX$ symbol, and keep the code stored with every amount.
Quote MXN without a subscription.
The open endpoint needs no key. A key opens with a 5,000-request signup bonus and reaches every stored reading by date.