About this pair
CNH/MXN: what to know
The CNH/MXN rate shows how much MXN you get for 1 CNH. Right now, 1 CNH buys 2.5292 MXN at the mid-market rate. In the other direction, 1 MXN is worth 0.3954 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while MXN responds to the US economy and capital flows.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol.
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.