The Mexican peso (MXN) is the official currency of Mexico. It is subdivided into 100 centavos. Coins in denominations of 20 and 50 centavos, 1 peso, 2 pesos,5 pesos,10 pesos, and20 pesos are in circulation.
Key Facts
- The Mexican peso (MXN) is the currency of Mexico.
- The peso is subdivided into 100 centavos.
- Coins in denominations of 20 and 50 centavos, and 1 peso, 2 pesos, 5 pesos, 10 pesos, and 20 pesos are in circulation.
- The 20 and 50 centavos coins are smaller denominations, while the 1 peso, 2 pesos, 5 pesos, 10 pesos, and 20 pesos coins are larger denominations.
- The 1 peso coin is commonly used and is equivalent to 100 centavos.
- The coins are made of various metals, including copper, nickel, and bi-metallic compositions.
Smaller Denominations
The20 and50 centavos coins are the smallest denominations of Mexican peso coins. They are made of copper and nickel and are silver-colored. The20 centavos coin has a diameter of 19.5 millimeters and weighs 3.043 grams. The50 centavos coin has a diameter of22 millimeters and weighs4.39 grams.
Larger Denominations
The1 peso,2 pesos,5 pesos,10 pesos, and20 pesos coins are the larger denominations of Mexican peso coins. They are made of various metals, including copper, nickel, and bi-metallic compositions. The1 peso coin is the most commonly used coin and is equivalent to100 centavos. It is made of copper and nickel and has a diameter of21 millimeters and weighs5.9 grams. The2 pesos coin is made of copper and nickel and has a diameter of23 millimeters and weighs7.07 grams. The5 pesos coin is made of bi-metallic composition and has a diameter of25 millimeters and weighs9.18 grams. The10 pesos coin is made of bi-metallic composition and has a diameter of28 millimeters and weighs11.183 grams. The20 pesos coin is made of bi-metallic composition and has a diameter of32 millimeters and weighs15.945 grams.
Conclusion
The Mexican peso is a diverse currency with coins in various denominations and sizes. The smaller denominations, the20 and50 centavos coins, are made of copper and nickel and are silver-colored. The larger denominations, the1 peso,2 pesos,5 pesos,10 pesos, and20 pesos coins, are made of various metals, including copper, nickel, and bi-metallic compositions. The1 peso coin is the most commonly used coin and is equivalent to100 centavos.
Sources:
“Mexican Peso (MXN) – Overview, History, Denominations.” Corporate Finance Institute, 2023, https://corporatefinanceinstitute.com/resources/foreign-exchange/mexican-peso-mxn/.
“Mexican Peso.” Wikipedia, Wikimedia Foundation, 2023, https://en.wikipedia.org/wiki/Mexican_peso.
“All About Mexican Pesos (MXN) – Getting Used to Mexican Money.” Spanish and Go, 2023, https://spanishandgo.com/travel/all-about-mexican-pesos/.
FAQs
What is a peso?
A peso is the currency of Mexico. It is subdivided into 100 centavos.
What are the different denominations of Mexican peso coins?
Mexican peso coins come in denominations of 20 and50 centavos, 1 peso,2 pesos,5 pesos,10 pesos, and20 pesos.
What are the smaller denominations of Mexican peso coins made of?
The20 and50 centavos coins are made of copper and nickel.
What are the larger denominations of Mexican peso coins made of?
The1 peso,2 pesos,5 pesos,10 pesos, and20 pesos coins are made of various metals, including copper, nickel, and bi-metallic compositions.
Which is the most commonly used Mexican peso coin?
The1 peso coin is the most commonly used Mexican peso coin. It is equivalent to100 centavos.
What is the largest denomination of Mexican peso coin?
The20 pesos coin is the largest denomination of Mexican peso coin. It is made of bi-metallic composition and has a diameter of32 millimeters and weighs15.945 grams.
What are some of the security features of Mexican peso coins?
Mexican peso coins have various security features to prevent counterfeiting, including reeded edges, milled edges, and latent images.
Where can I exchange Mexican pesos?
Mexican pesos can be exchanged at banks, currency exchange bureaus, and some hotels.