Mexico - 50 Pesos - P-123a - 2004 dated Foreign Paper Money

50 Pesos, P-123a. 2 Holograms!

The Mexican peso, symbolized by $ and coded as MXN, serves as the official currency of Mexico. It shares a common ancestry with the 16th-19th century Spanish dollar, and many modern peso and dollar currencies continue to use its sign, “$”. The current ISO 4217 code for the peso is MXN, while prior to the 1993 revaluation, the code MXP was used. The peso is further subdivided into 100 centavos, represented by the symbol “¢”. The Mexican peso holds the 15th position as the most traded currency globally, ranking third among the Americas (after the United States dollar and Canadian dollar) and first among Latin American currencies. As of August 16, 2022, the peso’s exchange rate stood at $20.50 per euro, $19.80 per U.S. dollar, and $15.50 per Canadian dollar.