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👉 Bank of Mexico in the context of Mexican peso

The Mexican peso (symbol: $; currency code: MXN; also abbreviated Mex$ to distinguish it from other peso-denominated currencies; referred to as the peso, Mexican peso, or colloquially varo) is the official currency of Mexico. The peso was first introduced in 1863, replacing the old Spanish colonial real. The Mexican peso is subdivided into 100 centavos, represented by "¢". Mexican banknotes are issued by the Bank of Mexico in various denominations and feature vibrant colors and imagery representing Mexican culture and history. Modern peso and dollar currencies have a common origin in the 16th–19th century Spanish dollar, most continuing to use its sign, "$".

The current ISO 4217 code for the peso is MXN; the "N" refers to the "new peso". Prior to the 1993 revaluation, the code MXP was used. The Mexican peso is the 16th most traded currency in the world, the third most traded currency from the Americas (after the United States dollar and Canadian dollar), and the most traded currency from Latin America. As of 11 November 2025, the peso's exchange rate was $18.32 per U.S. dollar, $13.07 per Canadian dollar, $24.07 per Pound sterling and $21.21 per Euro.

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Bank of Mexico in the context of El Colegio de México

El Colegio de México, A.C. (commonly known as Colmex, English: The College of Mexico) is a Mexican institute of higher education, specializing in teaching and research in social sciences and humanities.

The college was founded in 1940 by the Mexican Federal Government, the Bank of Mexico (Banco de México), the National Autonomous University of Mexico (UNAM), and the Fondo de Cultura Económica. In the late 1930s, following the end of the Spanish Civil War, Mexican president Lázaro Cardenas created the House of Spain in Mexico (1938–1940) to host Spanish intellectuals in exile in Mexico; Mexico was the only country that in 1939 welcomed Spanish refugees. Under the direction of intellectual Alfonso Reyes, the House of Spain became a higher education center, and was renamed El Colegio de México in 1940. The College now operates under a 1961 charter that allows the institution to provide college-level teaching in the fields of humanistic knowledge and social and political sciences. In 1976, the university's campus was moved from the Colonia Roma (a historic neighborhood just west of the city's center) to its current location in the southern portion of the capital; the main building of the campus was designed by the Mexican architect Teodoro González de León. The college contains seven separate academic centers collectively offering three undergraduate degrees, seven master's degrees and eight doctoral degrees.

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Bank of Mexico in the context of "Mexican peso"

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👉 Bank of Mexico in the context of Mexican peso

Bank of Mexico in the context of El Colegio de México