AUD/MXN: what to know
The AUD/MXN rate shows how much MXN you get for 1 AUD. Right now, 1 AUD buys 12.1824 MXN at the mid-market rate. In the other direction, 1 MXN is worth 0.0821 AUD.
In the short term AUD is driven mainly by commodity prices and Chinese demand, while MXN responds to the US economy and capital flows.
The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit. The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol.
Over the past 12 months the AUD/MXN rate has ranged between 11.8240 and 12.6330 — a change of -0.93% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.