The Mexican Peso is the official currency of Mexico. It is made up of 100 centavos and is denoted by the symbol $ or Mex$ and currency code of MXN. The currency traces its history to the country's colonization by the Spanish in 1519 making it one of the oldest currencies in North America. At the time, the peso was popularly known as Spanish dollar (equivalent to 8 reals), until 1863 when the first centavo coins were issued. The Bank of Mexico has the sole responsibility for overseeing the monetary policy across the Mexican territory. It issues six different kinds of banknotes and nine coins of different value. The banknotes are available in denominations of $20, $50, $100, $200, $500, and $1000 while the coins are in values of .05, .10, .20, .50, 1, 2, 5, 10, and 20. The most commonly used bills are the 50, 100 and 200 peso notes.
The Mexican peso ranks as the third most traded currency in both Latin America and North America. The most popular exchange rate involving the Mexican peso is the USD to MXN. Trade between the United States and Mexico has an influence upon the USDMXN exchange rate as indicated by trade changes proposed by President Trump.
RISK WARNING: Our products are traded on margin and carry a high level of risk, thus it is highly possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Please review our Risk Warning ‘Risk Disclosures for Financial Instruments & Investment Services’.
LICENCES AND AUTHORISATIONS
TTCM Traders Capital Limited (herein "TTCM BM")is a limited liability Company, incorporated in Bermuda under section 14 and 6/132C(1) of the Companies Act 1981 and registered with the Registrar of Companies under Company number 54135, with registered address 5th Floor, Andrew’s Place, 51 Church Street, Hamilton HM 12, Bermuda
TTCM Traders Trust Capital Markets Limited (herein "TTCM CY")is a Cyprus Investment Firm incorporated under the laws of Cyprus, has its principal place of business at 56 Theodorou Potamianou Aphrodite Court, 4th Floor, 4155, Limassol Cyprus and is registered with the Registrar of Companies in Nicosia under the number: HE 250591. TTCM Traders Trust Capital Markets Limited is regulated as a Cyprus Investment Firm (‘CIF’) by the Cyprus Securities and Exchange Commission (‘CySEC’) under the license number 107/09 and operates in accordance with the Markets in Financial Instruments Directive II (‘MiFID II’) of the European Union.
RESTRICTED REGIONS:The information on this website is not directed on residents of certain jurisdictions/countries including but not limited to Australia, New Zealand, Canada, Iran, Iraq, North Korea, USA, Cuba, Syria, Sudan, Afghanistan, Guyana, Lao People’s Democratic Republic, Uganda and Yemen or to any jurisdiction where such distribution would be contrary to local laws and regulations.