BTC/MXN: what to know
The BTC/MXN rate shows how much MXN you get for 1 BTC. Right now, 1 BTC buys 1,311,985.43 MXN at the mid-market rate. In the other direction, 1 MXN is worth 0.000000762204 BTC.
In the short term BTC is driven mainly by crypto-market sentiment and liquidity, while MXN responds to the US economy and capital flows.
The supply is capped at 21 million coins. 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 BTC/MXN rate has ranged between 1,024,322.17 and 2,291,615.39 — a change of -38.80% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. 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.