The peso is the currency of Mexico. The symbol used for the peso is "$", basically the same as for the US dollar since this latter took it from the Spanish-Mexican currency. The current ISO 4217 code for the peso is MXN; prior to the 1993 revaluation (see below), the code "MXP" was used. The peso is subdivided into 100 centavos, represented by "ยข". The name peso means weight in Spanish.
The peso circulated far beyond Mexico's borders as a trade coin, enjoying semi-official or official status in North America, China, South East Asia and the Pacific Islands.citation needed]