CHF/MXN: what to know
The CHF/MXN rate shows how much MXN you get for 1 CHF. Right now, 1 CHF buys 20.7970 MXN at the mid-market rate. In the other direction, 1 MXN is worth 0.0481 CHF.
In the short term CHF is driven mainly by safe-haven demand and SNB policy, while MXN responds to the US economy and capital flows.
The Swiss Franc (CHF) is issued by Swiss National Bank (SNB). In uncertain times investors park money in the franc to preserve value. 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 CHF/MXN rate has ranged between 20.8450 and 23.3010 — a change of -9.82% 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.