CAD/MXN: what to know
The CAD/MXN rate shows how much MXN you get for 1 CAD. Right now, 1 CAD buys 12.2349 MXN at the mid-market rate. In the other direction, 1 MXN is worth 0.0817 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while MXN responds to the US economy and capital flows.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol.
Over the past 12 months the CAD/MXN rate has ranged between 12.2040 and 13.3459 — a change of -7.85% 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.