One of the most important celebrations in Latin America communities is the Dia de los Reyes, or Three Wise Men Day.

The annual event is celebrated every Jan. 6 to commemorate the gesture of the three wise men -- Gaspar, Melchor and Baltazar -- who brought gifts of gold, frankincense and myrrh to Jesus.

Parade said that this is the culmination of the Christmas celebrations in most Latin American countries. But how do Latinos celebrate this special occasion?

1. Exchange gifts and 'Rosca de Reyes'

Since the event is symbolic of the gift-giving of the Three Kings to Jesus, Mexicans also exchange gifts during Dia de los Reyes, as per Parade.

They also serve the so-called "King's Cake" or "Rosca de Reyes," which is an oval-shaped cake that symbolises the infant Jesus and his crown. The cake is also said to be decorated with dried fruits, to represent that jewels in the crown.

"The person who gets the slice with the doll must host a party on Día de la Candelaria in February," added the same report.

2. Parades and parties

According to Latin Times, Latinos also hold big parades and other celebrations to commemorate the special day.

Enforex added that these parades are held in every town, city or village, where gifts are also distributed to all residents.

3. Children's shoes are placed under their beds

Hispanic Culture Online explained that this tradition is observed in Puerto Rico where the Dia de los Reyes is always a big event. The young ones are told that the Wise Men will leave their presents inside the shoes.

In exchange, children also leave water and hay for animals, and cookies and milk for the Wise Men outside their houses. They are usually excited when they wake up early in the morning to see if the presents they asked for were granted.

4. Traditional meals served

According to Conexus International, during the actual day of the celebration, Latinos have their Merienda de Reyes, which serves traditional food of the countries, like the Rosca de Reyes, which is enjoyed with tamales and hot chocolates.

These traditions are observed in other countries like Spain, Colombia, Malta, Portugal, Belgium and the Netherlands, as per Hispanic Culture Online.

5. Revelry in Alameda, Mexico

Before the celebration, Inside Mexico said families flock to the Alameda Central, a downtown park in downtown Mexico City, which looks like it was designed during the Colonial times.

Food stands and stalls selling various items are also set up in the park for people to have great options while strolling.