As of October 2009, the U.S. dollar was equal to about 13 Mexican pesos. Currency websites and airport currency-exchange kiosks have the current rates.
Keep the ratio of peso to dollar in mind when traveling to Mexico. If someone is charging you in U.S. dollars in Mexico, ask how much the item costs in pesos.
In 1993, The Bank of Mexico reformed the currency from the old peso to what was known as the nuevo peso, or new peso. This was done to rid the market of the old peso and its low value. Three years later, the old peso was out of circulation and the new peso was renamed the peso.
As of 2009, the Mexican peso was the ninth highest-traded currency in the world.
As of 2009, the U.S. dollar was the second highest-traded currency in the world, after the euro.
