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The Mexican Peso is the currency of Mexico. The peso was the first currency in the world to use the "$" sign, which the United States dollar later adopted for its own use. The peso is the 12th most traded currency in the world and by far the most traded currency in Latin America and third most traded in all the Americas. The peso is subdivided into 100 centavos, the smallest value for this currency is equal to 0.05 (five centavos)