The Mexican Peso is the official currency of Mexico, represented by the symbol "$" or "MXN." It is one of the most traded currencies in the world and is subdivided into 100 smaller units called centavos. The peso has a rich history, with its origins dating back to the Spanish dollar used in the 16th century. The value of the Mexican peso fluctuates based on various economic factors, including inflation, interest rates, and trade balances. It is commonly used in international trade and is a popular choice for currency exchange in North America, especially for travelers visiting Mexico.